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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Medical Office Space
2401 Morgan Ave 1-2 Corpus Christi, TX 78405-1805
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2634222
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Total area
3,328 SF
Lot
0.23 ac (9,801 SF)
APN
7886-0020-0010
UPID
US82-2634222
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
-
Julianne Satterwhite Glover, NP Physician
-
Liza Barrera, NP Physician
-
Amy L Turner, NP Physician
-
Sally Mesa Johnson, NP Physician
-
Ronald D Stephens, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$615k
Owner & transaction history
Driscoll Healthcare Services · 2 yrs held
Driscoll Healthcare Services
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$570,000
+36.2%
Commercial (general)
$490,000
+17.8%
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%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$415,000
Current use
OFFICE BUILDING
$570,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$490,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$400,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$185 / 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
$10,162
Tax year 2023
Assessed value
$497,057
Assessed 2024
Previous assessed
$476,810
+4.2% YoY
Effective rate
2.04%
On assessed value
Assessed land
$41,599
Assessed improvement
$455,458
Land market value
$41,599
Improvement market value
$455,458
Total market value
$497,057
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1974
Heating
NONE
Total area
3,328 SF
Lot
0.23 ac (9,801 SF)
APN
7886-0020-0010
UPID
US82-2634222
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
MEDICAL BUILDING Current
Est. value
$415,000
OFFICE BUILDING
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$400,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1974
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Driscoll Healthcare Services
Individual
Mailing address
3533 S ALAMEDA ST, CORPUS CHRISTI, TX 78411-1721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
—
Driscoll Healthcare Services
A M Perez Holdings LLP
Correction Deed
related
—
Sep 13, 2023
—
Driscoll Healthcare Services
M Perez Holdings LLP
Special Warranty Deed
—
Apr 23, 2019
—
Am Perez Holdings LLP
—
Deed
related
$30,000 · First St Bk/odem
Feb 6, 2018
—
Am Perez Holdings LLP
—
Deed
related
$300,000 · First St Bk/odem
Jan 25, 2018
—
Am Perez Holdings LLP
Perez,abimael
Quit Claim Deed
—
Aug 2, 2012
—
Abimael Perez
Am Perez Holdings LLP
Quit Claim Deed
$294,611 · Prosperity Bank
Aug 12, 2010
—
Am Perez Holdings LLP
Perez,abimael
Quit Claim Deed
related
—
—
—
Am Perez Holdings LLP
—
Deed Of Trust
related
$30,000 · First St Bk/odem
—
—
Abimael Perez
—
Deed Of Trust
related
$318,750 · Kleberg First National Bank
—
—
Abimael Perez
—
Deed Of Trust
related
$94,000 · Kleberg First National Bank
—
—
Abimael Perez
—
Deed Of Trust
related
$318,750 · First Commerce Bank
—
—
Am Perez Holdings LLP
—
Deed Of Trust
related
$300,000 · First St Bk/odem
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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