Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1833 Padre Is Dr Corpus Christi, TX 78408-2331
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1833 Padre Is Dr Corpus Christi, TX 78408-2331

    View on Map
    • Flex space
    • 9,520 SF
    • 1.59 lot acres
    Off-Market
    Property ID
    US82-0504868
    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
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dealers Electrical Supply / Building Supply / Electrical Service

    Property Details for 1833 Padre Is Dr

    Year built
    1968
    Lot size
    1.59 lot acres
    Property size
    9,520 SF
    Zone code
    I-3
    Property type
    Flex space
    APN
    4200-0005-0220
    APU
    420000050220

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $527,000
      Market price range: $310k - $684k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $460,000
      Current use
      OFFICE BUILDING
      $890,000
      Change: +93% Conversion: Difficult
      RETAIL STORES
      $740,000
      Change: +60% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $430,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4688
    Latitude
    27.7956
    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
    $10,422
    $224,588
    $299,987
    $524,575
    -
    $224,588
    $299,987
    $524,575

    Comparable in this City

    • Value Estimation by Request
      6,250 SF

      1902 Mestina St

      LIGHT INDUSTRIAL • 6,250 SF
      1902 Mestina St, Corpus Christi, TX 78408-3944
      View Details
    • Value Estimation
      $1,785,000
      23,400 SF

      918 Navigation Blvd

      LIGHT INDUSTRIAL • 23,400 SF
      918 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • Value Estimation
      $4,280,000
      56,690 SF

      401 Navigation Blvd

      LIGHT INDUSTRIAL • 56,690 SF
      401 Navigation Blvd, Corpus Christi, TX 78408-2747
      View Details
    • Value Estimation by Request
      1,527 SF

      650 Navigation Blvd

      LIGHT INDUSTRIAL • 1,527 SF
      650 Navigation Blvd, Corpus Christi, TX 78408-2642
      View Details
    • Value Estimation by Request
      1,800 SF

      409 Palm Dr

      LIGHT INDUSTRIAL • 1,800 SF
      409 Palm Dr, Corpus Christi, TX 78408-3740
      View Details
    • Value Estimation by Request
      1,680 SF

      3222 Leopard St

      LIGHT INDUSTRIAL • 1,680 SF
      3222 Leopard St, Corpus Christi, TX 78408-3220
      View Details

    Similar Nearby for Sale

    • New
      $250,000
      5,214 SF

      Office/Warehouse Flex Space For Sale

      Office and warehouse space with multi-functional use in central location.
      2930 Leopard St, Corpus Christi, TX 78408
      View Details
    • $750,000

      Industrial Property with Expansion Potential

      Light industrial property with income and development opportunities.
      255 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • $1,200,000

      Oilfield Services Warehouse with Crane

      Warehouse facility with showroom, offices, and storage yard.
      4707 Baldwin Blvd, Corpus Christi, TX 78408
      View Details
    • Contact for pricing
      1,461,988 SF

      Large Warehouse Space For Sale

      1,414,547 SF warehouse with rail access in Corpus Christi.
      201 N 19Th St, Corpus Christi, TX 78408
      View Details
    • $630,000
      16,681 SF

      Retail/Warehouse Space Near H-E-B

      Retail and warehouse space with redevelopment potential near major highway.
      620 Old Robstown Rd, Corpus Christi, TX 78408
      View Details
    • $949,999
      15,030 SF

      Prime Commercial Site, Corpus Christi

      3.5-acre commercial property with redevelopment potential in central Corpus Christi.
      5401 Leopard St, Corpus Christi, TX 78408
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse space available for lease.
      905 Cantwell Ln, Corpus Christi, TX 78408
      View Details
    • New
      $6,500 /Mo
      7,500 SF

      Corpus Christi Industrial Flex Space

      Versatile industrial property with office and warehouse space for lease.
      820 Mcbride Ln, Corpus Christi, TX 78408
      View Details
    • $7,500 /Mo
      6,951 SF

      Versatile Office/Warehouse Space Available

      Prime commercial industrial office/warehouse space for sale or lease.
      4601 Leopard St, Corpus Christi, TX 78408
      View Details
    • Contact for pricing

      Renovated Industrial Property with Flexible Space

      48,970 SF industrial and commercial space on 7.33 acres.
      2510 Lipan St, Corpus Christi, TX 78408
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Space Near Refineries

      2,500 SF industrial space with easy highway access.
      802 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • $5,000 /Mo
      7,358 SF

      Industrial Warehouse with Office Space

      Industrial warehouse featuring open workspace and private offices for rent.
      3409 Barthelome St, Corpus Christi, TX 78408
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1833 Padre Is Dr
    Corpus Christi, TX 78408-2331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!