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Property profile & analytics
OFF-MARKET
Estimated value
$9,980,000
Medical Office Space
2601 Hospital Blvd Corpus Christi, TX 78405-1815
Entity Owned
Free & Clear
Property ID
US82-4569742
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
63,000 SF
Lot
1.38 ac (60,113 SF)
APN
5050-0001-0020
UPID
US82-4569742
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
-
Christus Spohn Medical Group Medical Clinic Medical Group
-
Main Plumbing Services Corpus Christi Plumbing Service General Contractor
-
Corpus Christi Podiatry Medical Clinic
-
Christus Spohn CPR First Medical Clinic
-
CHRISTUS Health Texas A&M Family Medicine Residency Program. Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.31M
Comparable Approach
Comparable
$8.65M
Blend (final)
Blend
$9.98M
Owner & transaction history
NUECES CO HOSPITAL DIST
NUECES CO HOSPITAL DIST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.8M
+36.2%
Commercial (general)
$9.3M
+17.8%
Restaurant
$8.7M
+9.9%
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%
$12,245,000
6.5%
$11,305,000
7%
$10,500,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,900,000
Current use
OFFICE BUILDING
$10,765,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,305,000
Change: +18% · Conversion: Easy
RESTAURANT
$8,685,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,535,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$6,890,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$9.98M
Range $8.98M – $10.98M · ±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
$158 / 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
Assessed value
$6,352,915
Assessed 2024
Previous assessed
$6,495,949
-2.2% YoY
Assessed land
$255,531
Assessed improvement
$6,097,384
Land market value
$255,531
Improvement market value
$6,097,384
Total market value
$6,352,915
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
1979
Heating
NONE
Stories
2
Total area
63,000 SF
Lot
1.38 ac (60,113 SF)
APN
5050-0001-0020
UPID
US82-4569742
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
$7.9M
OFFICE BUILDING
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RESTAURANT
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$7.5M
RETAIL STORES
Est. value
$6.9M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1979
Heating
NONE
Stories
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
NUECES CO HOSPITAL DIST
Individual
Free & Clear · 0 yrs held
Mailing address
2606 HOSPITAL BLVD, CORPUS CHRISTI, TX 78405-1804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
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