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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Industrial properties
15715 Padre Is Dr Corpus Christi, TX 78418-7703
Individually Owned
19-yr Hold
Free & Clear
Property ID
US82-9607203
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Total area
7,185 SF
Lot
0.78 ac (33,890 SF)
Zoning code
B-2A
APN
6125-0016-0510
UPID
US82-9607203
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
-
Beach Bum Cart Rentals Sales & Service Padre Island Golf Cart Dealer
-
Wade In The Water Pool & Spa Services LLC Renovation Specialist General Contractor
-
Padre Island CrossFit Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$900k
Blend (final)
Blend
$820k
Owner & transaction history
Kalogridis Ll · 19 yrs held
Kalogridis Ll
since 2006
2 recorded transactions
Zoning & alternative use
B-2A · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+40.8%
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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$920,000
Current use
OFFICE BUILDING
$1,295,000
Change: +41% · Conversion: Difficult
RESTAURANT
$865,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$860,000
Change: -6% · Conversion: Easy
RETAIL STORES
$775,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$114 / 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
$9,157
Tax year 2023
Assessed value
$467,075
Assessed 2024
Previous assessed
$467,075
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$203,340
Assessed improvement
$263,735
Land market value
$203,340
Improvement market value
$263,735
Total market value
$467,075
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Total area
7,185 SF
Lot
0.78 ac (33,890 SF)
Zoning code
B-2A
APN
6125-0016-0510
UPID
US82-9607203
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
INDUSTRIAL (GENERAL) Current
Est. value
$920,000
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$860,000
RETAIL STORES
Est. value
$775,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
0.78 ac
Current owner
From public records · entity-resolved
Kalogridis Ll
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 181020, CORPUS CHRISTI, TX 78480-1020
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2006
—
Kalogridis Ll
First Commerce Bank
Grant Deed
related
—
Jun 9, 2004
—
Steve L Paulson
Hale,judith A
Warranty 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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