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Property profile & analytics
FOR LEASE
Strip malls
3403 S Padre Island Dr Corpus Christi, TX 78415
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3809342
For Lease
1 / 2
$2,500/Mo
3403 S Padre Island Dr, Corpus Christi, TX 78415
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Total area
21,190 SF
Lot
2.1 ac (91,607 SF)
APN
4440-0002-0110
UPID
US83-3809342
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
-
Nova Medical Centers Occupational Medical Physician Occupational Safety And Health
-
Pho D' Noodle House Restaurant
-
Coastal Spine & Rehab Alternative Medicine Practice
-
Texas Treasures Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
1st and 10 Sports Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.02M
Owner & transaction history
Manhattan Plaza LLC · 18 yrs held
Manhattan Plaza LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.2M
+25.1%
Warehouse, storage
$1.0M
+3.4%
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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Current use
INDUSTRIAL (GENERAL)
$1,235,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,020,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$48 / 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
$44,312
Tax year 2023
Assessed value
$2,079,139
Assessed 2024
Previous assessed
$2,079,139
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$1,099,272
Assessed improvement
$979,867
Land market value
$1,099,272
Improvement market value
$979,867
Total market value
$2,079,139
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2011
Heating
NONE
Total area
21,190 SF
Lot
2.1 ac (91,607 SF)
APN
4440-0002-0110
UPID
US83-3809342
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2011
Heating
NONE
Lot
2.1 ac
Current owner
From public records · entity-resolved
Manhattan Plaza LLC
Entity
Mailing address
5626 OCEAN DR, CORPUS CHRISTI, TX 78412-2752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2007
—
Manhattan Plaza LLC
Sun George Contracting Trust
Warranty Deed
$336,004 · First Commerce Bank
May 25, 2004
—
George Contracting Sun
Cc Deluxe Properties Ltd
Warranty Deed
$450,000 · First Commerce Bank
Nov 24, 2003
—
C C Deluxe Properties Ltd
Houlihan,charles L & Eloise
Grant Deed
$334,750 · Wells Fargo Bank Texas NA
—
—
Manhattan Plaza LLC
—
Deed Of Trust
related
$1,858,302 · Kleberg Bank NA
—
—
Manhattan Plaza LLC
—
Loan Modification
related
$1,100,000 · Kleberg Bk NA
—
—
Manhattan Plaza LLC
—
Deed Of Trust
related
$745,800 · Kleberg First National Bank
—
—
Manhattan Plaza LLC
—
Deed Of Trust
related
$450,000 · Kleberg First National Bank
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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