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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15338 Padre Is Dr Corpus Christi, TX 78418-7701

    • Warehouses
    • 20,820 SF
    • 2.93 lot acres
    OFF-MARKET
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8029312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Padre Island Storage #1 / Storage Facility / Self-Storage Facility
    • High & Dry Storage Inc / Self-Storage Facility

    Property Details for 15338 Padre Is Dr

    Year built
    2004
    Lot size
    2.93 lot acres
    Property size
    20,820 SF
    Zone code
    B-2A
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    6125-0021-1020
    APU
    612500211020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $808,000
      Market price range: $367k - $1.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $640,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.2215
    Latitude
    27.6005
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,973
    $945,000
    $709,934
    $1,654,934
    -
    $945,000
    $709,934
    $1,654,934

    Comparable in this City

    • Value Estimation
      $290,000
      12,612 SF

      302 Nas Dr

      MINI-WAREHOUSE, STORAGE • 12,612 SF
      302 Nas Dr, Corpus Christi, TX 78418-3268
      View Details
    • Value Estimation
      $295,000
      10,620 SF

      2921 Waldron Rd

      MINI-WAREHOUSE, STORAGE • 10,620 SF
      2921 Waldron Rd, Corpus Christi, TX 78418-4862
      View Details
    • Value Estimation
      $850,000
      33,938 SF

      9337 Padre Is Dr

      MINI-WAREHOUSE, STORAGE • 33,938 SF
      9337 Padre Is Dr, Corpus Christi, TX 78418-5505
      View Details
    • Value Estimation
      $665,000
      42,040 SF

      1533 Flour Blf Dr

      MINI-WAREHOUSE, STORAGE • 42,040 SF
      1533 Flour Blf Dr, Corpus Christi, TX 78418-5201
      View Details
    • Value Estimation
      $1,065,000
      73,009 SF

      15925 Padre Is Dr

      MINI-WAREHOUSE, STORAGE • 73,009 SF
      15925 Padre Is Dr, Corpus Christi, TX 78418-6526
      View Details
    • Value Estimation
      $1,375,000
      67,227 SF

      10514 Padre Is Dr

      MINI-WAREHOUSE, STORAGE • 67,227 SF
      10514 Padre Is Dr, Corpus Christi, TX 78418-3423
      View Details

    Similar Nearby for Sale

    • $2,200,000
      12,442 SF

      Flour Bluff Warehouse - $2.2M

      Spacious Corpus Christi warehouse, ideal for commercial use.
      2248 Flour Bluff Dr, Corpus Christi, TX 78418
      View Details
    • $2,200,000
      12,442 SF

      Commercial Property Near Padre Island

      Two offices and a large warehouse near Padre Island.
      2248 Flour Bluff Dr, Corpus Christi, TX 78418
      View Details
    • $1,500,000
      8,899 SF

      Versatile Industrial Property on NAS Drive

      Light industrial property with multiple buildings in prime location.
      721 Nas Dr, Corpus Christi, TX 78418
      View Details
    • $1,350,000
      6,502 SF

      Corpus Christi Warehouse Investment

      6,502 SF Warehouse, 8 Units
      13906 Mingo Cay Ct, Corpus Christi, TX 78418
      View Details
    • $2,395,147
      49,600 SF

      Waldron Rd

      Land • 49,600 SF
      0 Waldron Rd, Corpus Christi, TX 78418
      View Details
    • Contact for pricing
      15.46 Acres

      Corpus Christi Commercial Land

      15 Acres, Prime Southside Location
      517 Knickerbocker St, Corpus Christi, TX 78418
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      8,645 SF

      Gateway Shopping Center

      Retail properties • 8,645 SF
      10338 Padre Island Dr, Corpus Christi, TX 78418
      View Details
    • $3,600 /Mo
      4,500 SF

      North Flour Bluff Commercial Building

      4500+/- sqft building on corner lot, suitable for various uses.
      510 Nas St, Corpus Christi, TX 78418
      View Details
    • $1,500 /Mo
      3,388 SF

      Private Office Space For Rent

      Private office space with bathroom and work room for rent.
      14633 S Padre Island Dr, Corpus Christi, TX 78418
      View Details
    • $2,000 /Mo
      867 SF

      Second-Floor Office Space For Rent

      Private office suite with full bath, kitchen, and limited parking.
      14633 S Padre Island Dr, Corpus Christi, TX 78418
      View Details
    • Contact for pricing
      2,591 SF

      Prime Corpus Christi QSR Pad Site

      High-traffic location, excellent visibility.
      10329 Padre Island Dr, Corpus Christi, TX 78418
      View Details
    • $650 /Mo
      1,152 SF

      Padre Island Office Space Available

      Professional office space in Padre Island's Clock Tower Center.
      15217 S Padre Island Dr, Corpus Christi, TX 78418
      View Details
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    Corpus Christi, TX 78418-7701
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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