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    1601 Flour Blf Dr Corpus Christi, TX 78418-5203
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    Property profile & analytics

    1601 Flour Blf Dr, Corpus Christi, TX 78418-5203

    View on Map
    • Amusement parks
    • 39,594 SF
    • 4.24 lot acres
    Off-Market
    Property ID
    US83-4121158
    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.
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jumping World / Tour Operator / Campground & RV Park
    • JW Bar & Grill / Bar & Pub / Restaurant

    Property Details for 1601 Flour Blf Dr

    Year built
    1983
    Lot size
    4.24 lot acres
    Property type
    Amusement parks
    APN
    1745-0001-0010
    APU
    174500010010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2026 — Jumping World INC — Deed · related $2.5M · Southstate Bank NA
    Dec 13, 2016 — Jumping World INC — Deed · related $1.3M · American First Nat'l Bk
    Jul 28, 2014 — Jumping World INC Melancon,dawn Grant Deed $735k · Dawn Melancon
    Jun 20, 2008 — Dawn Melancon Krueger,arnold Grant Deed · related —
    Jan 14, 2005 — Dawn Melancon Amf Bowling Centers INC Grant Deed $425k · Amf Bowling Centers INC
    — — Dawn Melancon — Loan Modification · related $580k · Arnold Krueger
    — — Dawn Melancon — Deed Of Trust · related $425k · Amf Bowling Centers INC
    — — Jumping World INC — Deed Of Trust · related $1.3M · American First Nat'l Bk
    — — Dawn Melancon — Deed Of Trust · related $580k · Arnold Krueger

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $825,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3008
    Latitude
    27.6667
    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
    $41,978
    $1,061,968
    $1,220,558
    $2,282,526
    -
    $1,061,968
    $1,220,558
    $2,282,526

    Comparable in this City

    • Value Estimation
      $645,000
      16,290 SF

      9605 Padre Is Dr

      ARCADES (AMUSEMENT)
      9605 Padre Is Dr, Corpus Christi, TX 78418-5127
      View Details
    • Value Estimation by Request
      15,000 SF

      1517 Glenoak Dr

      ARENA, CONVENTION CENTER
      1517 Glenoak Dr, Corpus Christi, TX 78418-8900
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    • Value Estimation by Request

      9200 Padre Island Dr

      Land
      9200 Padre Island Dr, Corpus Christi, TX 78418
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    • Value Estimation by Request
      49,600 SF

      Waldron Rd

      Land
      0 Waldron Rd, Corpus Christi, TX 78418
      View Details
    • Value Estimation by Request
      0.02 Acres

      738 Behmann St

      VACANT COMMERCIAL LAND
      738 Behmann St, Corpus Christi, TX 78418
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    • Value Estimation by Request
      0.16 Acres

      725 Behmann St

      VACANT COMMERCIAL LAND
      725 Behmann St, Corpus Christi, TX 78418
      View Details

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      Corner Lot on Waldron Road

      Commercial land for sale with high visibility and traffic.
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      Waterfront Lot in Corpus Christi

      Waterfront property with Intercoastal access, ideal for boating.
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    • $986,000
      1.14 Acres

      Commercial Land Near Padre Island

      Over an acre of commercial land off S. Padre Island Drive.
      14274 S Padre Island Dr, Corpus Christi, TX 78418
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    • $900,000
      6,146 SF

      Renovated Commercial Building, Corpus Christi

      Turnkey, renovated commercial building suitable for daycare, medical, or office use.
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    Similar Nearby for Lease

    • $3,000 /Mo
      4,500 SF

      North Flour Bluff Commercial Building

      4500 SF commercial building in North Flour Bluff for lease.
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    • $650 /Mo
      1,152 SF

      Padre Island Office Space Available

      Professional office space in Padre Island's Clock Tower Center.
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    • $6,000 /Mo
      5,700 SF

      Flour Bluff Commercial Garage/Shop

      Well-maintained garage/shop ideal for automotive, marine, or light industrial.
      428/434 Anchor St, Corpus Christi, TX 78418
      View Details
    • Contact for pricing
      913 SF

      Remodeled Office Space For Rent

      Remodeled office space with high visibility and easy access.
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      View Details
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      North Flour Bluff Commercial Building

      Single-story building in North Flour Bluff suitable for various commercial uses.
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      View Details
    • Contact for pricing

      Retail Space in FlourBluff Area

      Retail spaces available for lease in FlourBluff, Corpus Christi.
      9512 South Padre Island Dr, Corpus Christi, TX 78418
      View Details
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    Corpus Christi, TX 78418-5203
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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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