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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Flex space
1413 Corn Product Rd Corpus Christi, TX 78409-3019
Entity Owned
14-yr Hold
Free & Clear
Property ID
US82-3267662
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1956
Total area
17,430 SF
Lot
9.27 ac (403,801 SF)
Zoning code
OCL
APN
3965-0000-0051
UPID
US82-3267662
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.04M
Owner & transaction history
Hoyte Genry Properties Ltd · 14 yrs held
Hoyte Genry Properties Ltd
since 2012
1 recorded transaction
Zoning & alternative use
OCL · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+111.6%
Office building
$1.5M
+89.9%
Retail stores
$1.4M
+66.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,405,000
7%
$1,305,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$810,000
Current use
RESTAURANT
$1,720,000
Change: +112% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,170,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$59 / 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
$31,475
Tax year 2023
Assessed value
$1,998,731
Assessed 2024
Previous assessed
$1,929,195
+3.6% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,390,500
Assessed improvement
$608,231
Land market value
$1,390,500
Improvement market value
$608,231
Total market value
$1,998,731
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1956
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
17,430 SF
Lot
9.27 ac (403,801 SF)
Zoning code
OCL
APN
3965-0000-0051
UPID
US82-3267662
Jurisdiction
NUECES
Zoning & alternative use
OCL · Corpus Christi, TX
Zoning OCL · permitted uses
OCL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$810,000
RESTAURANT
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1956
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
9.27 ac
Current owner
From public records · entity-resolved
Hoyte Genry Properties Ltd
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 4228, CORPUS CHRISTI, TX 78469-4228
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2012
—
Hoyte Genry Properties Ltd
Owner Name Unavailable
Grant Deed
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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