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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Medical Office Space
3502 Padre Is Dr 1 Corpus Christi, TX 78415-2909
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4559896
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
7,454 SF
Lot
0.46 ac (20,168 SF)
APN
4403-0007-0010
UPID
US82-4559896
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
-
Memorial MRI & Diagnostic Medical Clinic
-
True Medical Imaging LLC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
3502 S Padre Island LLC · 5 yrs held
3502 S Padre Island LLC
since 2020
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$117 / 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
$52,317
Tax year 2023
Assessed value
$2,373,957
Assessed 2024
Previous assessed
$2,454,743
-3.3% YoY
Effective rate
2.20%
On assessed value
Assessed land
$242,019
Assessed improvement
$2,131,938
Land market value
$242,019
Improvement market value
$2,131,938
Total market value
$2,373,957
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
2008
Heating
NONE
Cooling
WINDOW A/C
Stories
1
Total area
7,454 SF
Lot
0.46 ac (20,168 SF)
APN
4403-0007-0010
UPID
US82-4559896
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
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
3502 S Padre Island LLC
Entity
Mailing address
9434 KATY FWY STE #400, HOUSTON, TX 77055-6309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 30, 2020
$2,026,000
3502 S Padre Island LLC
Medical Imagers II LP
Grant Deed
—
Oct 23, 2007
—
Medical Imagers II
—
Trustees Deed
related
$845,000 · Texas State Bank
Oct 25, 2006
—
Medical Imagers II
K & B Trust
Warranty Deed
$1,565,000 · Texas State Bank Mcallen
May 25, 2004
—
K & B Trust
Greenberg,dale & Mary P
Grant Deed
$450,000 · First Nat'l Bk
—
—
Medical Imagers II
—
Deed Of Trust
related
$1,600,000 · Texas State Bank Mcallen
—
—
Medical Imagers II
—
Deed Of Trust
related
$3,558,400 · Texas State Bank
—
—
Medical Imagers II LP
—
Loan Modification
related
—
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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