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    Property profile & analytics

    4344 Padre Is Dr Corpus Christi, TX 78411-4408

    • Warehouses
    • 30,684 SF
    • 3.66 lot acres
    OFF-MARKET
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4032146
    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

    • U-Haul Trailer Hitches / Auto Parts Store
    • U-Box at U-Haul / Storage Facility
    • Trailer Rental at U-Haul / Car Rental Facility
    • Trailer Hitches at U-Haul / Auto Parts Store
    • Self-Storage at U-Haul / Storage Facility

    Property Details for 4344 Padre Is Dr

    Year built
    1960
    Lot size
    3.66 lot acres
    Property size
    30,684 SF
    Zone code
    SP
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    9689-0001-0080
    APU
    968900010080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,345,000
      Market price range: $655k - $1.67M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,175,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3908
    Latitude
    27.7198
    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
    $47,261
    $1,116,003
    $1,101,489
    $2,217,492
    -
    $1,116,003
    $1,101,489
    $2,217,492

    Comparable in this City

    • Value Estimation
      $2,815,000
      46,021 SF

      4602 Everhart Rd

      MINI-WAREHOUSE, STORAGE • 46,021 SF
      4602 Everhart Rd, Corpus Christi, TX 78411-2742
      View Details
    • Value Estimation
      $735,000
      33,600 SF

      4125 Brett St

      MINI-WAREHOUSE, STORAGE • 33,600 SF
      4125 Brett St, Corpus Christi, TX 78411-4577
      View Details
    • Value Estimation
      $4,455,000
      71,138 SF

      5502 Holly Rd

      MINI-WAREHOUSE, STORAGE • 71,138 SF
      5502 Holly Rd, Corpus Christi, TX 78411-4644
      View Details
    • Value Estimation
      $4,860,000
      78,000 SF

      4148 Staples St

      MINI-WAREHOUSE, STORAGE • 78,000 SF
      4148 Staples St, Corpus Christi, TX 78411-2133
      View Details
    • Value Estimation by Request
      11,475 SF

      4514 Weber Rd

      MINI-WAREHOUSE, STORAGE • 11,475 SF
      4514 Weber Rd, Corpus Christi, TX 78411-3523
      View Details
    • Value Estimation by Request
      6,037 SF

      4140 Staples St

      WAREHOUSE, STORAGE • 6,037 SF
      4140 Staples St, Corpus Christi, TX 78411-2133
      View Details

    Similar Nearby for Sale

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      4,918 SF

      Renovated Restaurant Opportunity

      Turnkey restaurant with modern renovations and equipment included.
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    • New
      $550,000
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      Ocean Drive Land Opportunity

      Prime Ocean Drive lot to build your dream home.
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      Commercial Land with Cross Access

      Commercial land with cross access and shared drives available for sale.
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      Versatile Office Space For Sale

      Spacious office building with ample parking and multiple entry points.
      4942 Everhart Rd, Corpus Christi, TX 78411
      View Details
    • Contact for pricing
      2,400 SF

      Former Convenience Store For Sale

      2,400 SF former convenience store available for purchase.
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    • Contact for pricing
      8,905 SF

      Restaurant Property in Retail Corridor

      8,905 SF restaurant in high-traffic retail area.
      5425 S Padre Island Dr, Corpus Christi, TX 78411
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Corpus Christi Warehouse Space Available

      Remodeled warehouse space ideal for general warehousing in Corpus Christi.
      4630 Corona Dr, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      High-Visibility Commercial Space on SPID

      Adaptable commercial space on South Padre Island Drive.
      4300 S Padre Island Dr, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      Office Space on Real Estate Row

      Office space with kitchenette, storage, and IT room.
      4838 Holly Rd, Corpus Christi, TX 78411
      View Details
    • Contact for pricing

      Modern Executive Office Space Available

      Contemporary office space near medical centers, ideal for healthcare professionals.
      3301 Santa Fe St, Corpus Christi, TX 78411
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    • Contact for pricing

      Prime Retail Space Available

      Retail spaces available in a super-regional power center.
      5425 S Padre Island Dr, Corpus Christi, TX 78411
      View Details
    • Contact for pricing
      969 SF

      Medical Office Space for Lease

      Medical office space available on regional hospital campus.
      3240 Fort Worth St, Corpus Christi, TX 78411
      View Details
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    Corpus Christi, TX 78411-4408
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    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
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