Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    415 Water St Corpus Christi, TX 78401-2532

    • Turn key restaurants
    • 3,639 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0567447
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aka Sushi Downtown / Japanese Restaurant / Asian Restaurant

    Property Details for 415 Water St

    Year built
    2011
    Lot size
    0.10 lot acres
    Property size
    3,639 SF
    Zone code
    B-6
    Property type
    Turn key restaurants
    APN
    0540-0003-0045
    APU
    54000030045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3932
    Latitude
    27.7955
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,647
    $59,796
    $571,479
    $631,275
    -
    $59,796
    $571,479
    $631,275

    Comparable in this City

    • Value Estimation
      $980,000
      17,879 SF

      444 Shoreline Blvd

      RESTAURANT • 17,879 SF
      444 Shoreline Blvd, Corpus Christi, TX 78401-2556
      View Details
    • Value Estimation by Request
      8,860 SF

      3779 Fm Rr 892

      RESTAURANT • 8,860 SF
      3779 Fm Rr 892, Corpus Christi, TX 78401
      View Details
    • Value Estimation by Request
      11,629 SF

      1724 Tancahua St

      RESTAURANT • 11,629 SF
      1724 Tancahua St, Corpus Christi, TX 78401-1010
      View Details
    • Value Estimation by Request
      4,380 SF

      702 Prt Ave

      RESTAURANT • 4,380 SF
      702 Prt Ave, Corpus Christi, TX 78401-1006
      View Details
    • Value Estimation by Request
      4,784 SF

      1002 Antelope St

      RESTAURANT • 4,784 SF
      1002 Antelope St, Corpus Christi, TX 78401-2209
      View Details
    • Value Estimation by Request
      3,534 SF

      421 Brownlee Blvd

      RESTAURANT • 3,534 SF
      421 Brownlee Blvd, Corpus Christi, TX 78401-3121
      View Details

    Similar Nearby for Sale

    • $2,000,000
      9,165 SF

      Corpus Christi Mixed-Use Investment

      Mixed-use property in revitalizing downtown Corpus Christi with established tenants.
      424 N Chaparral St, Corpus Christi, TX 78401
      View Details
    • $299,900
      0.29 Acres

      Corpus Christi Commercial Property For Sale

      Commercial property in Corpus Christi, TX, with heavy industrial zoning.
      2214 Winnebago St, Corpus Christi, TX 78401
      View Details
    • $1,100,000
      7,847 SF

      Downtown Corpus Christi Commercial Building

      Freestanding 7,847 SF building in revitalizing downtown area.
      102 N Mesquite St, Corpus Christi, TX 78401
      View Details
    • $525,000
      2,820 SF

      Prime Commercial Property in Corpus

      Commercial property on 0.8 acres, high traffic, great visibility.
      310 Staples St, Corpus Christi, TX 78401
      View Details
    • $2,399,000
      40,000 SF

      Downtown Corpus Christi Commercial Property

      40,000 sq ft commercial building in downtown Corpus Christi.
      404-410 N Chaparral St, Corpus Christi, TX 78401
      View Details
    • $350,000

      Highway Frontage Warehouse with Patio

      Two buildings with highway frontage, warehouse space, and patio.
      1115 Antelope St, Corpus Christi, TX 78401
      View Details

    Similar Nearby for Lease

    • $5,100 /Mo
      2,248 SF

      Downtown Corpus Christi Commercial Space

      Versatile commercial space in revitalized downtown Corpus Christi. High foot traffic.
      605 N Mesquite St, Corpus Christi, TX 78401
      View Details
    • Contact for pricing
      10,000 SF

      Downtown Mixed-Use Opportunity For Rent

      Mixed-use property in downtown area with revitalization and incentives.
      401 S Water St, Corpus Christi, TX 78401
      View Details
    • $2,100 /Mo
      908 SF

      Downtown Retail/Office Space Available

      Versatile 908 SF space in luxury mixed-use Cosmopolitan Apartments.
      401 N Chaparral St, Corpus Christi, TX 78401
      View Details
    • $8,000 /Mo
      19,776 SF

      Corpus Christi Commercial Space Available

      Freeway-close, flexible space ideal for retail, showroom, or industrial use.
      5568 Ayers St, Corpus Christi, TX 78401
      View Details
    • $24 SF/Yr
      80,000 SF

      Bay Building: Downtown Corpus Christi Office

      Prime Downtown Corpus Christi Office Space
      101 Shoreline Blvd, Corpus Christi, TX 78401
      View Details
    • Contact for pricing
      3,580 SF

      Renovated Historical Building with Views

      Completely renovated historical building offering scenic views for lease.
      807 N Upper Broadway St, Corpus Christi, TX 78401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    415 Water St
    Corpus Christi, TX 78401-2532
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.