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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Turn key restaurants
1933 Padre Is Dr Corpus Christi, TX 78416-1342
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0230998
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Total area
6,599 SF
Lot
0.74 ac (32,278 SF)
APN
8340-0003-0020
UPID
US82-0230998
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
-
Ichiban Japanese Seafood Buffet Restaurant
-
Mo Meaux's Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$510k
Owner & transaction history
R C Aban Properties LLC · 3 yrs held
R C Aban Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+38.1%
Auto repair, garage
$790,000
+35.2%
Commercial (general)
$750,000
+28.4%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$585,000
Current use
OFFICE BUILDING
$805,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$790,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$750,000
Change: +28% · Conversion: Easy
RETAIL STORES
$510,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$77 / 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
$29,515
Tax year 2023
Assessed value
$1,386,908
Assessed 2024
Previous assessed
$1,384,870
+0.1% YoY
Effective rate
2.13%
On assessed value
Assessed land
$258,360
Assessed improvement
$1,128,548
Land market value
$258,360
Improvement market value
$1,128,548
Total market value
$1,386,908
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Heating
NONE
Total area
6,599 SF
Lot
0.74 ac (32,278 SF)
APN
8340-0003-0020
UPID
US82-0230998
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
RESTAURANT Current
Est. value
$585,000
OFFICE BUILDING
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$750,000
RETAIL STORES
Est. value
$510,000
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2003
Heating
NONE
Lot
0.74 ac
Current owner
From public records · entity-resolved
R C Aban Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6842 DORSEY ST, CORPUS CHRISTI, TX 78414-2732
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2022
—
R C Aban Properties LLC
Ping Hwang Fong
Warranty Deed
—
May 31, 2018
—
Fong P Hwang
—
Deed
related
$608,399 · American First Nat'l Bk
May 28, 2013
—
Fong P Hwang
Yeung Capital INC
Warranty Deed
$736,000 · American First National Bank
Jul 21, 2008
—
Yeung Capital INC
Htcc Ent
Warranty Deed
related
—
Oct 22, 2007
$830,000
Htcc Enterprise LP
Hsin Hui Lu
Venders Lien
$980,000 · First International Bank
—
—
Yeung Capital INC
—
Deed Of Trust
related
$980,000 · First International Bank
—
—
Hsin-hu Lu
—
Deed Of Trust
related
$100,000 · Valuebank Texas
—
—
Fong P Hwang
—
Loan Modification
related
$608,399 · American First Nat'l Bk
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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