New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Retail space
1220 Airline Rd, Corpus Christi, TX 78412-3473
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3992253
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
47,188 SF
Lot
3.71 ac (161,825 SF)
Zoning code
BB-1,SP,R-1B
APN
1994-0008-0020
UPID
US82-3992253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Boot Barn Clothing & Fashion Store
-
Love Note (Bike/Boat/Book/etc) Store
-
Apple Dental Center Inc Dental Office
-
Dr. Britt V. Barwise, DDS Dental Office
-
Freeman Joni Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.27M
Owner & transaction history
Obo Ventures INC · 6 yrs held
Obo Ventures INC
since 2019
4 recorded transactions
Zoning & alternative use
BB-1,SP,R-1B · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corpus Christi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corpus Christi submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$27 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,053
Tax year 2023
Assessed value
$2,964,037
Assessed 2024
Previous assessed
$2,864,650
+3.5% YoY
Effective rate
2.06%
On assessed value
Assessed land
$578,503
Assessed improvement
$2,385,534
Land market value
$578,503
Improvement market value
$2,385,534
Total market value
$2,964,037
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Heating
NONE
Total area
47,188 SF
Lot
3.71 ac (161,825 SF)
Zoning code
BB-1,SP,R-1B
APN
1994-0008-0020
UPID
US82-3992253
Jurisdiction
NUECES
Zoning & alternative use
BB-1,SP,R-1B · Corpus Christi, TX
Zoning BB-1,SP,R-1B · permitted uses
BB-1,SP,R-1B · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corpus Christi. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Lot
3.71 ac
Current owner
From public records · entity-resolved
Obo Ventures INC
Entity
Free & Clear · 6 yrs held
Mailing address
6295 ALLENTOWN BLVD STE #1, HARRISBURG, PA 17112-2693
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2019
—
Obo Ventures INC
Tru Trust 2016 LLC
Grant Deed
—
Sep 4, 2018
—
Tru Trust 2016 LLC
Toys R Us Property Co II LLC
Grant Deed
—
Aug 1, 2005
—
Giraffe Properties LLC
Toys R Us-delaware INC
Grant Deed
related
—
—
—
Toys R Us Property Co II LLC
—
Deed Of Trust
related
$725,000 · Bank Of Ny Mellon
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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