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Property profile & analytics
OFF-MARKET Estimated value $4,320,000
Retail space

1737 Staples St Corpus Christi, TX 78404-3047

26,962 SF 1.89 ac lot Built 1998
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4037896
Property summary
AI-generated overview

This exceptional 30,000 square foot office building presents a turnkey investment opportunity in a rapidly developing area of Palm Beach County. Located on Okeechobee Boulevard, this single-tenant property boasts a highly desirable location, strategically positioned between the established community of Royal Palm Beach to the east and the burgeoning western communities of Westlake and Wellington to the south. The property's zoning (0101 commercial) has already been approved by the Town of Loxahatchee Groves, eliminating significant pre-development hurdles. The approved site plan allows for a mixed-use development, encompassing a restaurant, a drive-through restaurant or doughnut shop, and office spaces. With 700 square feet of frontage on Okeechobee Boulevard, this property offers exceptional visibility and accessibility. All site plan drawings are complete, and the site is fully prepared for immediate construction. This is an unparalleled opportunity for investors seeking a shovel-ready project in a high-growth market. The APN is 41414317016330010. This is a single-suite building, offering a unique opportunity for a single tenant or a developer looking to lease out the space. The property is ready for immediate development, saving significant time and resources. Don't miss this chance to capitalize on the thriving commercial real estate market in this prime location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 26,962 SF
Lot 1.89 ac (82,503 SF)
Zoning code B-5
APN 5093-1004-0170
UPID US82-4037896
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
  • CDReload - Online Bitcoin ATM Crypto Atm Atm
  • Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
  • Coinhub Bitcoin ATM Teller Atm
  • FedEx ShipSite Postal Service Courier Service
  • Office Depot (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.02M
Comparable Approach Comparable
$3.62M
Blend (final) Blend
$4.32M
Owner & transaction history
Spirit IV Family LLC · 10 yrs held
Spirit IV Family LLC
since 2016
5 recorded transactions
2016
Price N/A
2016
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-5 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.3M +25.9%
Auto repair, garage $3.2M +21.6%
Restaurant $2.9M +7.8%
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