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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Showrooms
3605 Padre Is Dr, Corpus Christi, TX 78415-2910
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3344490
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Total area
6,112 SF
Lot
0.76 ac (33,193 SF)
APN
4430-0005-0020
UPID
US82-3344490
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
-
Tesla Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$960k
Owner & transaction history
Ocean Drive LLC · 5 yrs held
Ocean Drive LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$960,000
+76.1%
Auto repair, garage
$730,000
+34.4%
Restaurant
$690,000
+26.5%
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%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$960,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: +34% · Conversion: Difficult
RESTAURANT
$690,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$157 / 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
$16,559
Tax year 2023
Assessed value
$917,588
Assessed 2024
Previous assessed
$776,964
+18.1% YoY
Effective rate
1.80%
On assessed value
Assessed land
$398,028
Assessed improvement
$519,560
Land market value
$398,028
Improvement market value
$519,560
Total market value
$917,588
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Heating
NONE
Total area
6,112 SF
Lot
0.76 ac (33,193 SF)
APN
4430-0005-0020
UPID
US82-3344490
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
OFFICE BUILDING
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RESTAURANT
Est. value
$690,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
1995
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Ocean Drive LLC
Entity
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
—
Ocean Properties II INC
—
Deed
related
$300,000 · American Bank NA
Sep 28, 2020
—
Ocean Drive LLC
Ocean Bay LLC
Quit Claim Deed
related
$7,869,000 · Newmark Knight Frank
Jan 24, 2020
—
Ocean Properties II INC
—
Deed
related
$1,500,000 · American Bk NA
Dec 21, 2011
—
Ocean Properties II INC
Connelly Properties INC
Grant Deed
$1,500,000 · American Bk
—
—
Ocean Properties II INC
—
Loan Modification
related
$1,500,000 · American Bk NA
—
—
Ocean Properties II INC
—
Loan Modification
related
$1,500,000 · American Bk
—
—
Saturn Of Corpus Christi INC
—
Deed Of Trust
related
$450,000 · American Bank
—
—
John N Price
—
Deed Of Trust
related
$686,000 · Commerce 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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