Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    438 Robert Dr, Unit 442 Corpus Christi, TX 78412-2457
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    438 Robert Dr, Unit 442 Corpus Christi, TX 78412-2457

    View on Map
    • Strip malls
    • 12,723 SF
    • 0.92 lot acres
    Off-Market
    Property ID
    US82-2379079
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • One Fit Gym / Gym & Fitness Center
    • Be Farrell Fit / Gym & Fitness Center

    Property Details for 438 Robert Dr

    Year built
    1980
    Lot size
    0.92 lot acres
    Property size
    12,723 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0090-0001-0010
    APU
    9000010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3716
    Latitude
    27.7322
    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
    $16,330
    $100,650
    $665,544
    $766,194
    -
    $100,650
    $665,544
    $766,194

    Comparable in this City

    • Value Estimation
      $515,000
      16,160 SF

      6345 Padre Is Dr

      SHOPPING CENTER, STRIP CENTER • 16,160 SF
      6345 Padre Is Dr, Corpus Christi, TX 78412-4013
      View Details
    • Value Estimation
      $655,000
      16,770 SF

      4855 Alameda St

      SHOPPING CENTER, STRIP CENTER • 16,770 SF
      4855 Alameda St, Corpus Christi, TX 78412-2300
      View Details
    • Value Estimation by Request
      15,416 SF

      4323 Alameda St

      SHOPPING CENTER, STRIP CENTER • 15,416 SF
      4323 Alameda St, Corpus Christi, TX 78412-2411
      View Details
    • Value Estimation by Request
      2,003 SF

      4501 Alameda St

      SHOPPING CENTER, STRIP CENTER • 2,003 SF
      4501 Alameda St, Corpus Christi, TX 78412-2448
      View Details
    • Value Estimation by Request
      1,800 SF

      4401 Alameda St

      SHOPPING CENTER, STRIP CENTER • 1,800 SF
      4401 Alameda St, Corpus Christi, TX 78412-2413
      View Details
    • Value Estimation
      $990,000
      27,145 SF

      1209 Airline Rd

      SHOPPING CENTER, STRIP CENTER • 27,145 SF
      1209 Airline Rd, Corpus Christi, TX 78412
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,000 SF

      Retail Space in Dense Corridor

      Retail space with corporate lease in affluent area.
      7698 S Padre Island Dr, Corpus Christi, TX 78412
      View Details
    • $492,500
      0.80 Acres

      Commercial Lot in Corpus Christi

      Commercial lot zoned for light industrial use with utilities available.
      5718 Patton St, Corpus Christi, TX 78412
      View Details
    • Contact for pricing

      Prime Land on SPID Frontage

      5.03 acre commercial land with high-traffic frontage.
      8225 S Padre Island Dr, Corpus Christi, TX 78412
      View Details
    • $129,000
      0.17 Acres

      Ocean Drive Vacant Lot

      Vacant lot in gated community across from Corpus Christi Bay.
      4833 Ocean Dr, Corpus Christi, TX 78412
      View Details
    • $99,900
      0.16 Acres

      Residential Lot in Waverly Estates

      Residential lot ideal for duplex near university and naval station.
      5805 Rio Vista Ave, Corpus Christi, TX 78412
      View Details
    • $130,000
      0.48 Acres

      Residential Land Near NAS/TAMCC

      0.48 acre lots close to NAS/TAMCC and the beach.
      5414 Lula St, Corpus Christi, TX 78412
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,183 SF

      Retail Space in Town & Country

      Established retail center with high traffic and great visibility.
      4200-4250 S Alameda St, Corpus Christi, TX 78412
      View Details
    • Contact for pricing

      Former Sears Building Available

      Iconic Corpus Christi location ready for its next chapter.
      1305 Airline Rd, Corpus Christi, TX 78412
      View Details
    • $14 SF/Yr
      25,000 SF

      Former Sprouts Space Available

      Former Sprouts space available for rent in Corpus Christi.
      6000 S Padre Island Dr, Corpus Christi, TX 78412
      View Details
    • Contact for pricing

      Modern Retail Space Available

      New retail spaces near Texas A&M campuses for lease.
      7514 S Padre Island Dr, Corpus Christi, TX 78412
      View Details
    • Contact for pricing
      2,195 SF

      Retail Space Available For Rent

      2195 SF retail space available for lease.
      933 Airline Rd, Corpus Christi, TX 78412
      View Details
    • Contact for pricing
      1,625 SF

      Retail/Office/Medical Space Available

      1,625 SF space suitable for retail, office, or medical use.
      5945 Mcardle Rd, Corpus Christi, TX 78412
      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.
    438 Robert Dr, Unit 442
    Corpus Christi, TX 78412-2457
    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.
    Sign Up Successful!
    You now have access to more from Realmo!