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Property profile & analytics
OFF-MARKET
Estimated value
$39,125,000
Office buildings
3802 Caravelle Pkwy, Corpus Christi, TX 78415-3522
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2168444
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
154,847 SF
Lot
22.27 ac (970,212 SF)
APN
1285-0002-0020
UPID
US82-2168444
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
-
Puerto Del Mar Apartments Apartment Complex
-
Kostorys Elementary School High School
-
A1 Bed Bug Exterminator Corpus Christi Garden Center
-
Puerto Del Mar Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.21M
Comparable Approach
Comparable
$42.04M
Blend (final)
Blend
$39.13M
Owner & transaction history
Pdm 2021 LLC · 4 yrs held
Pdm 2021 LLC
since 2021
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$39,230,000
6.5%
$36,210,000
7%
$33,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$24,285,000
Current use
Blend value · Realmo final
$39.13M
Range $35.21M – $43.04M · ±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
$253 / 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
$663,742
Tax year 2023
Assessed value
$36,000,000
Assessed 2024
Previous assessed
$31,143,000
+15.6% YoY
Effective rate
1.84%
On assessed value
Assessed land
$2,910,636
Assessed improvement
$33,089,364
Land market value
$2,910,636
Improvement market value
$33,089,364
Total market value
$36,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
154,847 SF
Lot
22.27 ac (970,212 SF)
APN
1285-0002-0020
UPID
US82-2168444
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 Current
Est. value
$24.3M
OFFICE BUILDING Current
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
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
22.27 ac
Current owner
From public records · entity-resolved
Pdm 2021 LLC
Entity
Mailing address
2601 NETWORK BLVD STE #400, FRISCO, TX 75034-9087
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 28, 2021
—
Pdm 2021 LLC
Lurin Real Estate Holdings X LLC
Special Warranty Deed
$142,000 · Berkadia Commercial Mortgage LLC
Aug 1, 2018
—
Lurin R & E Hldgs X LLC
Pj Mp Waterford LP
Grant Deed
related
—
May 25, 2017
—
Pj Mp Waterford LP
Pj Mp Bent Creek LP
Quit Claim Deed
related
$102,000,000 · Bank Of America
Nov 29, 2006
—
Pjwe Alliance
Alliance Pj
Quit Claim Deed
$475,000,000 · Column Financial INC
Aug 17, 2005
—
Pj Alliance
Alliance Fq
Quit Claim Deed
related
$550,000,000 · Wachovia Bank NA
Dec 23, 2002
—
Fq LP Alliance
Camden Property Trust
Grant Deed
$17,200,000 · Column Financial INC
—
—
Pjwe LP Alliance
—
Deed Of Trust
related
$475,000,000 · Us Bank Series 2007-c2 (ce)
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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