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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Flex space
2425 Prt Ave Corpus Christi, TX 78401-1216
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4142909
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1965
Total area
9,200 SF
Lot
1.42 ac (61,855 SF)
Zoning code
I-3
APN
7584-0000-0010
UPID
US82-4142909
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
$740k
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$550k
Owner & transaction history
Port Of Corpus Christi Authority Of · 2 yrs held
Port Of Corpus Christi Authority Of
since 2024
3 recorded transactions
Zoning & alternative use
I-3 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$695,000
+43.0%
Commercial (general)
$670,000
+38.2%
Office building
$615,000
+26.2%
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%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$485,000
Current use
RETAIL STORES
$695,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$670,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$615,000
Change: +26% · Conversion: Difficult
RESTAURANT
$525,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$415,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$60 / 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
$3,971
Tax year 2023
Assessed value
$325,523
Assessed 2024
Previous assessed
$186,333
+74.7% YoY
Effective rate
1.22%
On assessed value
Assessed land
$191,700
Assessed improvement
$133,823
Land market value
$191,700
Improvement market value
$133,823
Total market value
$325,523
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1965
Heating
NONE
Total area
9,200 SF
Lot
1.42 ac (61,855 SF)
Zoning code
I-3
APN
7584-0000-0010
UPID
US82-4142909
Jurisdiction
NUECES
Zoning & alternative use
I-3 · Corpus Christi, TX
Zoning I-3 · permitted uses
I-3 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$485,000
RETAIL STORES
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$670,000
OFFICE BUILDING
Est. value
$615,000
RESTAURANT
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$415,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Heating
NONE
Lot
1.42 ac
Current owner
From public records · entity-resolved
Port Of Corpus Christi Authority Of
Entity
Free & Clear · 2 yrs held
Mailing address
400 HBR DR, CORPUS CHRISTI, TX 78401-1115
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
—
Port Of Corpus Christi Authority Of
Ferma Realty LLC
Special Warranty Deed
—
Aug 23, 2019
—
Ferma Realty LLC Corpus Series
Heavy Haul INC
Warranty Deed
related
—
Oct 24, 2014
—
Heavy Haul INC
Phyllis A Horton Props INC
Grant Deed
related
—
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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