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Property profile & analytics
FOR LEASE
Office buildings
410 S Padre Island Dr, Corpus Christi, TX 78405
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2168838
For Lease
1 / 2
$1.60 SF/Yr
410 S Padre Island Dr, Corpus Christi, TX 78405
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
37,262 SF
Lot
1.92 ac (83,766 SF)
Zoning code
I-2
APN
6041-0003-0560
UPID
US82-2168838
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
-
Center for Autism & Related Disorders Medical Clinic
-
Nichols Lisa Law Firm
-
Dars State Government Office
-
NuStar Energy Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$4.67M
Owner & transaction history
Durrill Farms LLC · 11 yrs held
Durrill Farms LLC
since 2014
7 recorded transactions
Zoning & alternative use
I-2 · Corpus Christi, TX
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,365,000
Current use
COMMERCIAL (GENERAL)
$5,500,000
Change: -14% · Conversion: Easy
RESTAURANT
$5,135,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$4.67M
Range $4.20M – $5.13M · ±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
$125 / 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
$50,385
Tax year 2023
Assessed value
$2,498,754
Assessed 2024
Previous assessed
$2,355,333
+6.1% YoY
Effective rate
2.02%
On assessed value
Assessed land
$607,188
Assessed improvement
$1,891,566
Land market value
$607,188
Improvement market value
$1,891,566
Total market value
$2,498,754
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
For Lease
Year built
1985
Heating
NONE
Total area
37,262 SF
Lot
1.92 ac (83,766 SF)
Zoning code
I-2
APN
6041-0003-0560
UPID
US82-2168838
Jurisdiction
NUECES
Zoning & alternative use
I-2 · Corpus Christi, TX
Zoning I-2 · permitted uses
I-2 · 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 Current
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.5M
RESTAURANT
Est. value
$5.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1985
Heating
NONE
Lot
1.92 ac
Current owner
From public records · entity-resolved
Durrill Farms LLC
Entity
Mailing address
615 N UPPR BROADWAY ST, CORPUS CHRISTI, TX 78401-0799
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Sep 18, 2019
—
Durrill Farms LLC
—
Deed
related
$1,404,015 · Plainscapital Bk
Aug 13, 2014
—
Durrill Farms LLC
Nolan,patrick & Amy
Warranty Deed
$1,625,000 · Plainscapital Bk
Aug 29, 2012
—
Patrick Nolan
Jalyn Properties INC
Warranty Deed
$1,100,000 · First Victoria National Bank
Nov 27, 2002
—
Jalyn Properties INC
Censo Properties Ltd
Grant Deed
$1,000,000 · Censo Properties Ltd
—
—
Durrill Farms LLC
—
Loan Modification
related
$1,404,015 · Plainscapital Bk
—
—
Censo Propertiesltd
—
Deed Of Trust
related
$550,000 · Frost National Bank
—
—
Jalyn Properties INC
—
Deed Of Trust
related
$1,175,000 · First National 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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