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    Property profile & analytics

    1919 Leopard St Corpus Christi, TX 78408-3921

    • Office buildings
    • 6,090 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3477505
    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.

    Current Use by Public Records

    • Rustic House / Charitable Organization / Social Service Agency
    • Corpus Christi Metro Ministries / Charitable Organization / Social Service Agency

    Property Details for 1919 Leopard St

    Year built
    2010
    Lot size
    0.36 lot acres
    Property size
    6,090 SF
    Property type
    Office buildings
    APN
    9967-0002-0090
    APU
    996700020090

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $691,000
      Market price range: $270k - $916k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $570,000
      Current use
      COMMERCIAL (GENERAL)
      $780,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $730,000
      Change: +28% Conversion: Difficult
      RESTAURANT
      $620,000
      Change: +9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.4116
    Latitude
    27.7962
    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
    $0.00
    $46,854
    $617,452
    $664,306
    -
    $46,854
    $617,452
    $664,306

    Comparable in this City

    • Value Estimation by Request
      5,214 SF

      2930 Leopard St

      OFFICE BUILDING • 5,214 SF
      2930 Leopard St, Corpus Christi, TX 78408-3614
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    • Value Estimation
      $550,000
      7,012 SF

      411 Lantana St

      OFFICE BUILDING • 7,012 SF
      411 Lantana St, Corpus Christi, TX 78408-2316
      View Details
    • Value Estimation by Request
      3,000 SF

      733 Cantwell Ln

      OFFICE BUILDING • 3,000 SF
      733 Cantwell Ln, Corpus Christi, TX 78408-2603
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    • Value Estimation by Request
      607 SF

      427 Old Robstown Rd, Unit A-1

      OFFICE BUILDING • 607 SF
      427 Old Robstown Rd, Corpus Christi, TX 78408-3439
      View Details
    • Value Estimation by Request
      951 SF

      1906 Comanche St, Unit H3

      OFFICE BUILDING • 951 SF
      1906 Comanche St, Corpus Christi, TX 78408-4017
      View Details
    • Value Estimation by Request
      2,040 SF

      215 Westchester Dr

      OFFICE BUILDING • 2,040 SF
      215 Westchester Dr, Corpus Christi, TX 78408-2934
      View Details

    Similar Nearby for Sale

    • $1,200,000
      Pending

      Former Hotel on 6.2 Acres

      Former hotel, rehabilitation center, and office building on 6.2 acres.
      5501 Ih 37, Corpus Christi, TX 78408
      View Details
    • $265,000
      5,214 SF

      Corpus Christi Warehouse - $265K

      Mixed-use warehouse, prime location, high ROI.
      2930 Leopard St, Corpus Christi, TX 78408
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    • $265,000
      5,214 SF

      Office/Warehouse Space in Central Location

      Office and warehouse space with multi-functional use and recent updates.
      2930 Leopard St, Corpus Christi, TX 78408
      View Details
    • $3,275,000
      6,670 SF

      Restaurant Building on Large Lot

      Restaurant building on 2.0885 acres with cross access.
      1949 S Padre Island Dr, Corpus Christi, TX 78408
      View Details
    • $195,000
      4,414 SF

      Corpus Christi Commercial Opportunity

      Restaurant or commercial property in Corpus Christi, Texas for sale.
      103 Old Robstown Rd, Corpus Christi, TX 78408
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    • $89,900
      Pending

      Corpus Christi Commercial Land Available

      0.37 acre commercial site with high traffic and visibility.
      4500 Up River Rd, Corpus Christi, TX 78408
      View Details

    Similar Nearby for Lease

    • $0.94 SF/Yr
      11,650 SF

      Park 37 Office Space for Lease

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    • $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
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    • $6,000 /Mo

      Corner Industrial Property with Yard

      Industrial property with secure yard and immediate availability for rent.
      4501 Baldwin Blvd, Corpus Christi, TX 78408
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    • $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
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    • Contact for pricing
      48,970 SF

      Lipan Street Industrial Complex

      Prime Industrial Space Available
      2510 Lipan St, Corpus Christi, TX 78408
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    • $18 SF/Yr
      10,388 SF

      905 Cantwell Ln: Office & Warehouse

      Versatile Office/Warehouse Space Available
      905 Cantwell Ln, Corpus Christi, TX 78408
      View Details
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    1919 Leopard St
    Corpus Christi, TX 78408-3921
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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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