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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Assisted living facilities
2709 Cimarron Blvd Corpus Christi, TX 78414-3431
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-3812159
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Total area
131,550 SF
Lot
6.95 ac (302,873 SF)
Zoning code
AB
APN
0638-0007-0040
UPID
US83-3812159
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
-
Garden Estates of Corpus Christi Nursing Home Retirement Community
-
Studiolot Publishing Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.31M
Owner & transaction history
Ahr Corpus Christi Tx Alf LLC · 3 yrs held
Ahr Corpus Christi Tx Alf LLC
since 2022
7 recorded transactions
Zoning & alternative use
AB · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$10 / 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
$175,287
Tax year 2023
Assessed value
$8,788,312
Assessed 2024
Previous assessed
$8,224,531
+6.9% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,211,440
Assessed improvement
$7,576,872
Land market value
$1,211,440
Improvement market value
$7,576,872
Total market value
$8,788,312
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Heating
NONE
Stories
2
Total area
131,550 SF
Lot
6.95 ac (302,873 SF)
Zoning code
AB
APN
0638-0007-0040
UPID
US83-3812159
Jurisdiction
NUECES
Zoning & alternative use
AB · Corpus Christi, TXZoning AB · permitted uses
AB · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
2
Lot
6.95 ac
Current owner
From public records · entity-resolved
Ahr Corpus Christi Tx Alf LLC
Entity
Mailing address
18191 VON KARMAN AVE STE #300, IRVINE, CA 92612-7106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
—
Ahr Corpus Christi Tx Alf LLC
Lsref Goden Property 26 Tx II LLC
Special Warranty Deed
$15,150,000 · Citibank NA
Dec 5, 2012
—
Golden Prop 26 Tx Lsref II
—
Deed Of Trust
related
$7,260,000 · General Electric Capital Corp
Apr 5, 2010
—
Golden Prop 26 Tx Lsref II
Lsref Golden Prop 26 Tx LLC
Quit Claim Deed
$173,461,608 · General Electric Capital Corp
Mar 18, 2009
—
Lsref Golden Prop 26 Tx LLC
Falk,gregory A
Grant Deed
$173,461,608 · General Electric Capital Corp
May 1, 2006
—
Garden Estates Of Corpus Christi
—
Deed Of Trust
related
$175,000,000 · General Electric Capital Corp
Dec 28, 2004
—
Garden Estates Of Corpus Christi
Senior Living Of Corpus Christi L
Grant Deed
$16,500,000 · Merrill Lynch Cap
—
—
Golden Prop 26 Tx Lsref II
—
Deed Of Trust
related
$7,260,000 · General Electric Capital Corp
—
—
Golden Prop 26 Tx Lsref II
—
Deed Of Trust
related
$79,500,000 · General Electric Capital Corp
—
—
Golden Prop 26 Tx Lsref II
—
Deed Of Trust
related
$15,150,000 · Cbre Cap Markets
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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