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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
15338 Padre Is Dr Corpus Christi, TX 78418-7701
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-8029312
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Total area
20,820 SF
Lot
2.93 ac (127,500 SF)
Zoning code
B-2A
APN
6125-0021-1020
UPID
US82-8029312
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
-
Padre Island Storage #1 Storage Facility
-
High & Dry Storage Inc Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$809k
Blend (final)
Blend
$655k
Owner & transaction history
High & Dry Storage INC · 10 yrs held
High & Dry Storage INC
since 2015
7 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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$640,000
Current use
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$31 / 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
$32,973
Tax year 2023
Assessed value
$1,654,934
Assessed 2024
Previous assessed
$1,681,872
-1.6% YoY
Effective rate
1.99%
On assessed value
Assessed land
$945,000
Assessed improvement
$709,934
Land market value
$945,000
Improvement market value
$709,934
Total market value
$1,654,934
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Total area
20,820 SF
Lot
2.93 ac (127,500 SF)
Zoning code
B-2A
APN
6125-0021-1020
UPID
US82-8029312
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
WAREHOUSE, STORAGE Current
Est. value
$640,000
WAREHOUSE, STORAGE 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
2004
Heating
NONE
Lot
2.93 ac
Current owner
From public records · entity-resolved
High & Dry Storage INC
Entity
Free & Clear · 10 yrs held
Mailing address
15338 S PADRE IS DR, CORPUS CHRISTI, TX 78418-7701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2020
—
J5 Resources LLC
—
Deed
related
$100,000 · Bryan & Andrea W Johnson
Dec 28, 2016
—
High & Dry Storage INC
—
Deed
related
$964,000 · Texas Champion Bk
Dec 4, 2015
—
High & Dry Storage INC
Johnson,bryan
Warranty Deed
related
—
Oct 9, 2015
—
Bryan Johnson
Baillie,carol A
Warranty Deed
related
—
Jul 12, 2006
—
High & Dry Storage INC
Minvesco
Warranty Deed
related
—
—
—
High & Dry Storage INC
—
Loan Modification
related
$617,573 · Frost Bk
—
—
High & Dry Storage INC
—
Deed Of Trust
related
$964,000 · Texas Champion Bk
—
—
J5 Resources LLC
—
Deed Of Trust
related
$100,000 · Bryan & Andrea W Johnson
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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