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Property profile & analytics
FOR LEASE
Turn key restaurants
221 S Hotel Pl, Corpus Christi, TX 78402
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-8067589
For Lease
1 / 5
$760,000
221 S Hotel Pl, Corpus Christi, TX 78402
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Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Total area
8,264 SF
Lot
0.59 ac (25,526 SF)
Zoning code
BD
APN
1797-0003-0520
UPID
US82-8067589
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
North Beach Holdings LLC · 16 yrs held
North Beach Holdings LLC
since 2010
5 recorded transactions
Zoning & alternative use
BD · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+23.9%
Auto repair, garage
$990,000
+21.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$815,000
Current use
OFFICE BUILDING
$1,010,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$990,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$92 / 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
$41,169
Tax year 2023
Assessed value
$1,991,005
Assessed 2024
Previous assessed
$1,931,672
+3.1% YoY
Effective rate
2.07%
On assessed value
Assessed land
$204,384
Assessed improvement
$1,786,621
Land market value
$204,384
Improvement market value
$1,786,621
Total market value
$1,991,005
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
For Lease
Year built
2011
Heating
NONE
Total area
8,264 SF
Lot
0.59 ac (25,526 SF)
Zoning code
BD
APN
1797-0003-0520
UPID
US82-8067589
Jurisdiction
NUECES
Zoning & alternative use
BD · Corpus Christi, TX
Zoning BD · permitted uses
BD · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corpus Christi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$815,000
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$990,000
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2011
Heating
NONE
Lot
0.59 ac
Current owner
From public records · entity-resolved
North Beach Holdings LLC
Entity
Free & Clear · 16 yrs held
Mailing address
5909 N LAGO VIS DR STE #300, CORPUS CHRISTI, TX 78414-6335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2010
—
North Beach Holdings LLC
Hubler,helen M
Warranty Deed
related
—
Jan 28, 2009
$225,379
Helen M Hubler
Bouligny Eugene H
Trustees Deed
—
Jun 27, 2008
$535,000
Ionica Gherebean
Martin,eugene T III
Deed In Lieu Of Foreclosure
—
May 31, 2006
—
Eugene T Martin III
Gherebean,ionica
Warranty Deed
$190,000 · Helen M Hubler
Apr 27, 2005
—
Ionica Gherebean
Hubler,helen M
Warranty Deed
$190,000 · Helen M Hubler
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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