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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Grocery and convenience stores
1303 3rd St Corpus Christi, TX 78404-2207
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3040510
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2012
Total area
4,940 SF
Lot
1.27 ac (55,278 SF)
Zoning code
B-4
APN
5983-0003-0010
UPID
US82-3040510
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
-
Sunoco Gas Station Gas Station
-
Western Union Bank Credit Union
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Stripes Grocery & Convenience Store
-
Laredo Taco Company Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$630k
Owner & transaction history
Mdc Coast 9 LLC · 8 yrs held
Mdc Coast 9 LLC
since 2018
3 recorded transactions
Zoning & alternative use
B-4 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$610,000
+175.1%
Auto repair, garage
$590,000
+165.7%
Office building
$510,000
+129.2%
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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$610,000
Change: +175% · Conversion: Easy
AUTO REPAIR, GARAGE
$590,000
Change: +166% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: +129% · Conversion: Moderate
RETAIL STORES
$485,000
Change: +119% · Conversion: Easy
MEDICAL BUILDING
$420,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$128 / 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
$34,336
Tax year 2023
Assessed value
$1,618,379
Assessed 2024
Previous assessed
$1,611,064
+0.5% YoY
Effective rate
2.12%
On assessed value
Assessed land
$597,056
Assessed improvement
$1,021,323
Land market value
$597,056
Improvement market value
$1,021,323
Total market value
$1,618,379
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2012
Heating
CENTRAL
Cooling
CENTRAL
Total area
4,940 SF
Lot
1.27 ac (55,278 SF)
Zoning code
B-4
APN
5983-0003-0010
UPID
US82-3040510
Jurisdiction
NUECES
Zoning & alternative use
B-4 · Corpus Christi, TX
Zoning B-4 · permitted uses
B-4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$590,000
OFFICE BUILDING
Est. value
$510,000
RETAIL STORES
Est. value
$485,000
MEDICAL BUILDING
Est. value
$420,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Heating
CENTRAL
Cooling
Yes
Lot
1.27 ac
Current owner
From public records · entity-resolved
Mdc Coast 9 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3200 HACKBERRY RD, IRVING, TX 75063-0131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2018
—
Mdc Coast 9 LLC
7-eleven INC
Grant Deed
—
Feb 5, 2018
—
7-eleven INC
Stripes LLC
Grant Deed
—
—
—
Stripes LLC
—
Deed Of Trust
related
—
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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