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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Medical Office Space
2825 Spohn S Dr Corpus Christi, TX 78414-4176
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-4262004
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
15,056 SF
Lot
1.35 ac (58,937 SF)
APN
7731-0003-0110
UPID
US82-4262004
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
-
Radiology & Imaging - South Medical Clinic
-
Erin Moody Physician Medical Clinic
-
Alexander Aitken Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$930k
Owner & transaction history
Woodard Properties Tennessee III Ll · 4 yrs held
Woodard Properties Tennessee III Ll
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+29.6%
Retail stores
$1.2M
+22.0%
Office building
$1.2M
+20.7%
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
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$960,000
Current use
RESTAURANT
$1,240,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$1,170,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,155,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,040,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$62 / 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
$109,056
Tax year 2023
Assessed value
$4,935,885
Assessed 2024
Previous assessed
$5,116,925
-3.5% YoY
Effective rate
2.21%
On assessed value
Assessed land
$707,268
Assessed improvement
$4,228,617
Land market value
$707,268
Improvement market value
$4,228,617
Total market value
$4,935,885
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
2007
Heating
NONE
Stories
1
Total area
15,056 SF
Lot
1.35 ac (58,937 SF)
APN
7731-0003-0110
UPID
US82-4262004
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
$960,000
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2007
Heating
NONE
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Woodard Properties Tennessee III Ll
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 307, GORDONSVILLE, TN 38563-0307
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
—
Woodard Properties Tennessee III Ll
Mmpf Corpus Christi Spe LLC
Special Warranty Deed
—
Aug 19, 2020
—
Mmpf Corpus Christi Spe LLC
Rist Land Holdings LLC
Special Warranty Deed
$4,230,000 · Cogent Bank
Jun 28, 2017
—
Rist Land Holdings LLC
—
Deed
related
$5,574,600 · American Bank NA
Feb 28, 2017
—
Rist Land Holdings LLC
Radiology & Imaging Of South Texa
Grant Deed
$235,000 · American Bk
Jul 24, 2006
—
Radiology & Imaging Of South Texas
Spohn Drive LLC
Warranty Deed
$3,662,158 · American Bank NA
—
—
Radiology & Imaging Of South Texa
—
Loan Modification
related
$750,000 · American Bank
—
—
Radiology & Imaging Of South Texa
—
Deed Of Trust
related
$235,000 · American Bank
—
—
Rist Land Holdings LLC
—
Loan Modification
related
$235,000 · American Bk
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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