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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Grocery and convenience stores
3955 Padre Is Dr Corpus Christi, TX 78415-2915
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4377665
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Total area
4,746 SF
Lot
1.21 ac (52,490 SF)
Zoning code
B-4
APN
4430-0001-0010
UPID
US82-4377665
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
-
The Taco Company Restaurant
-
Checkout Food Stores Grocery & Convenience Store
-
Exxon Gas Station
-
RockItCoin Bitcoin ATM Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$680k
Owner & transaction history
National Retail Properties LP · 14 yrs held
National Retail Properties LP
since 2011
3 recorded transactions
Zoning & alternative use
B-4 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$745,000
+236.5%
Auto repair, garage
$570,000
+156.6%
Commercial (general)
$425,000
+91.0%
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
$455,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$745,000
Change: +236% · Conversion: Moderate
AUTO REPAIR, GARAGE
$570,000
Change: +157% · Conversion: Difficult
COMMERCIAL (GENERAL)
$425,000
Change: +91% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$143 / 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
$24,200
Tax year 2023
Assessed value
$1,145,860
Assessed 2024
Previous assessed
$1,135,484
+0.9% YoY
Effective rate
2.11%
On assessed value
Assessed land
$734,860
Assessed improvement
$411,000
Land market value
$734,860
Improvement market value
$411,000
Total market value
$1,145,860
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Heating
CENTRAL
Cooling
CENTRAL
Total area
4,746 SF
Lot
1.21 ac (52,490 SF)
Zoning code
B-4
APN
4430-0001-0010
UPID
US82-4377665
Jurisdiction
NUECES
Zoning & alternative use
B-4 · Corpus Christi, TX
Zoning B-4 · permitted uses
B-4 · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corpus Christi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$425,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1999
Heating
CENTRAL
Cooling
Yes
Lot
1.21 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 14 yrs held
Mailing address
1 ARTS PLZ 1722ND ROUTH ST STE #1000, DALLAS, TX 75201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2011
—
Cl Thomas INC
—
Deed Of Trust
related
$400,000,000 · Wells Fargo Bank
Dec 5, 2011
—
National Retail Properties LP
Speedy Stop Food Stores LLC
Grant Deed
—
Jun 6, 2002
—
Stop Food Stores Speedy
—
Deed Of Trust
related
$10,000,000 · Wells Fargo 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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