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    254 Rosebud Ave Corpus Christi, TX 78404
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    254 Rosebud Ave Corpus Christi, TX 78404

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    • Commercial real estate
    Off-Market
    Property ID
    US82-0280832
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 254 Rosebud Ave

    Property type
    Commercial real estate

    Description

    This recently renovated four-unit apartment building in Corpus Christi, Texas presents a compelling investment opportunity. Located on the same block as the prestigious Ocean Drive, with million-dollar homes nearby, this property boasts significant upside potential. Each of the four units features generously sized rooms and updated interiors, including washer/dryer hookups. Currently achieving a 95% occupancy rate, the property generates a strong rental income of $4,500 per month, with a pro forma of $4,700, indicating substantial room for growth. Value-add strategies, such as exterior painting and implementing a RUBS system, could further enhance profitability. The property's location and condition make it attractive to various rental programs, including medium-term and short-term rentals. This property is particularly well-suited for FHA buyers, offering a 3.5% down payment option, allowing owner-occupancy while generating rental income from the remaining units. Additionally, 1031 exchange and DSCR loan options are available for investors. This is one of several multifamily properties available, ranging from duplexes to larger complexes. The property is situated at 254 Rosebud Ave, Corpus Christi, TX 78404, and is offered at an asking price of $415,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3903329
    Latitude
    27.7663412

    Comparable in this City

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      3,232 SF

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    • $295,000
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      Updated Duplex with Garage Apartment

      Updated duplex with garage apartment near Ocean Drive and shopping.
      341 Oleander Ave, Corpus Christi, TX 78404
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      2,880 SF

      Three-Unit Fixer-Upper Investment Opportunity

      Multi-family property with value-add potential, ideal for renovation.
      1731 15Th St, Corpus Christi, TX 78404
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    • $329,000
      1,835 SF

      Turnkey Duplex Near Corpus Christi Bayfront

      Well-designed duplex with two units, ideal for owner-occupants or investors.
      326 Oleander Ave, Corpus Christi, TX 78404
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    • $290,000
      1,096 SF

      Income-Producing Duplex in Corpus Christi

      Fully leased duplex with rear unit, generating $37,800 annual income.
      1525 5Th St, Corpus Christi, TX 78404
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    • $1,200,000
      Pending

      Corpus Christi Multifamily Investment Opportunity

      Multifamily community with modern amenities in a desirable location.
      800-802 Hancock St, Corpus Christi, TX 78404
      View Details

    Similar Nearby for Sale

    • $525,000
      3,232 SF

      Mixed-Use Property in Corpus Christi

      Income-producing mixed-use property with commercial zoning and redevelopment potential.
      1802 Morgan Ave, Corpus Christi, TX 78404
      View Details
    • $295,000
      Pending

      Updated Duplex with Garage Apartment

      Updated duplex with garage apartment near Ocean Drive and shopping.
      341 Oleander Ave, Corpus Christi, TX 78404
      View Details
    • Contact for pricing
      2,880 SF

      Three-Unit Fixer-Upper Investment Opportunity

      Multi-family property with value-add potential, ideal for renovation.
      1731 15Th St, Corpus Christi, TX 78404
      View Details
    • $329,000
      1,835 SF

      Turnkey Duplex Near Corpus Christi Bayfront

      Well-designed duplex with two units, ideal for owner-occupants or investors.
      326 Oleander Ave, Corpus Christi, TX 78404
      View Details
    • $290,000
      1,096 SF

      Income-Producing Duplex in Corpus Christi

      Fully leased duplex with rear unit, generating $37,800 annual income.
      1525 5Th St, Corpus Christi, TX 78404
      View Details
    • $1,200,000
      Pending

      Corpus Christi Multifamily Investment Opportunity

      Multifamily community with modern amenities in a desirable location.
      800-802 Hancock St, Corpus Christi, TX 78404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces Near H.E.B.

      Retail spaces available next to H.E.B. Grocery.
      3133 S Alameda St, Corpus Christi, TX 78404
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    • $4,000 /Mo
      2,936 SF

      Prime Commercial Space, Corpus Christi

      High-visibility commercial space for lease in Corpus Christi.
      1301 S Staples St, Corpus Christi, TX 78404
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      Office Space Above Hester's

      Upstairs office space in Six Points near downtown.
      1718 S Alameda St, Corpus Christi, TX 78404
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      Retail Space with Good Traffic

      Retail space available in a center with high customer traffic.
      2700-2777 S Staples St, Corpus Christi, TX 78404
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    • $1,600 /Mo
      1,320 SF

      Corpus Christi Commercial Space Available

      Office space for rent in Corpus Christi with central air.
      1628 Morgan Ave, Corpus Christi, TX 78404
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    • $1,500 /Mo
      1,005 SF

      Corpus Christi Commercial Gem

      Rare commercial property in vibrant Six Points area.
      1613 S Staples St, Corpus Christi, TX 78404
      View Details
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    Corpus Christi, TX 78404
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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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    254 Rosebud Ave, Corpus Christi, TX, 78404
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