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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Bars & Pubs
402 Peoples St Corpus Christi, TX 78401-2359
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-4174330
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1914
Total area
15,312 SF
Lot
0.1 ac (4,487 SF)
Zoning code
B-6
APN
0540-0010-0010
UPID
US82-4174330
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 Bend Magazine Publishing House
-
Counseling Counselor
-
Native Survey Company Land Surveyor
-
Realty Exchange Group Real Estate Agency
-
The One Bride Guide Wedding Service Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$974k
Blend (final)
Blend
$720k
Owner & transaction history
Hinojosa Brothers Enterprises LLC · 4 yrs held
Hinojosa Brothers Enterprises LLC
since 2022
1 recorded transaction
Zoning & alternative use
B-6 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+32.5%
Commercial (general)
$1.1M
+28.1%
Office building
$1.0M
+17.0%
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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$875,000
Current use
RETAIL STORES
$1,155,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,120,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$1,020,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$810,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$47 / 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
$29,997
Tax year 2023
Assessed value
$1,366,565
Assessed 2024
Previous assessed
$1,366,565
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$54,000
Assessed improvement
$1,312,565
Land market value
$54,000
Improvement market value
$1,312,565
Total market value
$1,366,565
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1914
Heating
NONE
Stories
4
Total area
15,312 SF
Lot
0.1 ac (4,487 SF)
Zoning code
B-6
APN
0540-0010-0010
UPID
US82-4174330
Jurisdiction
NUECES
Zoning & alternative use
B-6 · Corpus Christi, TX
Zoning B-6 · permitted uses
B-6 · 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
RESTAURANT Current
Est. value
$875,000
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$810,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (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
1914
Heating
NONE
Stories
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Hinojosa Brothers Enterprises LLC
Entity
Mailing address
402 PEOPLES ST STE 3D, CORPUS CHRISTI, TX 78401-2358
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
—
Hinojosa Brothers Enterprises LLC
Glenn R Peterson
Venders Lien
$955,400 · Plainscapital 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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