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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Flex space
1701 Lands Rd Corpus Christi, TX 78417-2101
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-6894343
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2013
Total area
21,360 SF
Lot
1.44 ac (62,726 SF)
APN
8654-0001-0015
UPID
US82-6894343
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.62M
Owner & transaction history
Revett Legacy Properties LLC · 5 yrs held
Revett Legacy Properties LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+116.7%
Auto repair, garage
$2.6M
+112.3%
Restaurant
$2.1M
+74.9%
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%
$1,865,000
6.5%
$1,720,000
7%
$1,595,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,205,000
Current use
OFFICE BUILDING
$2,610,000
Change: +117% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,555,000
Change: +112% · Conversion: Easy
RESTAURANT
$2,105,000
Change: +75% · Conversion: Difficult
RETAIL STORES
$1,660,000
Change: +38% · Conversion: Moderate
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$76 / 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
$43,287
Tax year 2023
Assessed value
$2,031,045
Assessed 2024
Previous assessed
$2,031,045
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$228,951
Assessed improvement
$1,802,094
Land market value
$228,951
Improvement market value
$1,802,094
Total market value
$2,031,045
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2013
Heating
NONE
Total area
21,360 SF
Lot
1.44 ac (62,726 SF)
APN
8654-0001-0015
UPID
US82-6894343
Jurisdiction
NUECES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
2013
Heating
NONE
Lot
1.44 ac
Current owner
From public records · entity-resolved
Revett Legacy Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
164 GENTLE BREEZE, FLORESVILLE, TX 78114-3351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
—
Revett Legacy Properties LLC
—
Deed
related
$500,000 · The Falls City National Bank
Jul 13, 2021
—
Revett Legacy Properties LLC
Brenda Revett
Correction Deed
related
—
May 11, 2021
—
Revett Legacy Properties LLC
Brenda Revett
Intrafamily Transfer
related
—
Jul 26, 2010
—
Earl E Revett
Black,bob & Joan
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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