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Property profile & analytics
FOR SALE
Strip malls
15201 S Padre Island Dr Corpus Christi, TX 78418
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3556673
For Sale
1 / 19
$4,120,000
15201 S Padre Island Dr, Corpus Christi, TX 78418
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
8,640 SF
Lot
0.87 ac (37,810 SF)
Zoning code
B-2A
APN
6129-0191-0150
UPID
US82-3556673
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
-
Agave Beach (Bike/Boat/Book/etc) Store
-
Black Sheep Bistro Restaurant
-
Stewart Title Company - Padre Island Title Company
-
Island Time Pools General Contractor
-
Padre Island Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$555k
Owner & transaction history
Mier Management Group LLC · 4 yrs held
Mier Management Group LLC
since 2022
6 recorded transactions
Zoning & alternative use
B-2A · 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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Current use
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$64 / 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
$39,723
Tax year 2023
Assessed value
$2,026,193
Assessed 2024
Previous assessed
$2,026,193
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$680,634
Assessed improvement
$1,345,559
Land market value
$680,634
Improvement market value
$1,345,559
Total market value
$2,026,193
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2008
Heating
NONE
Total area
8,640 SF
Lot
0.87 ac (37,810 SF)
Zoning code
B-2A
APN
6129-0191-0150
UPID
US82-3556673
Jurisdiction
NUECES
Zoning & alternative use
B-2A · Corpus Christi, TX
Zoning B-2A · permitted uses
B-2A · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2008
Heating
NONE
Lot
0.87 ac
Current owner
From public records · entity-resolved
Mier Management Group LLC
Entity
Mailing address
15613 CRUISER ST APT B, CORPUS CHRISTI, TX 78418-6706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
—
Mier Management Group LLC
Padre Commercial LLC
Venders Lien
$2,100,000 · Not Available
Sep 1, 2009
—
Padre Professional
—
Trustees Deed
related
$500,000 · First Community Bank
Jun 30, 2005
—
Padre Professional
Asset Dev Corp
Grant Deed
related
—
—
—
Padre Professional LP
—
Loan Modification
related
$500,000 · First Community Bank
—
—
Padre Professional LP
—
Deed Of Trust
related
$500,000 · First Community Bank
—
—
Padre Professional LP
—
Deed Of Trust
related
$500,000 · First Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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