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

    4765 Westway Dr Corpus Christi, TX 78408-2725

    • Warehouses
    • 13,750 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4218427
    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

    • PPC SUPPLY, LLC / Industrial Equipment Supplier / Fastener Supplier
    • Precision Parts Center / Machine Shop

    Property Details for 4765 Westway Dr

    Year built
    1973
    Lot size
    0.74 lot acres
    Property size
    13,750 SF
    Zone code
    I-3
    Property type
    Warehouses
    APN
    5680-0005-0040
    APU
    568000050040

    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
    -97.4507
    Latitude
    27.7921
    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
    $7,219
    $104,000
    $231,013
    $335,013
    -
    $104,000
    $231,013
    $335,013

    Comparable in this City

    • Value Estimation by Request
      10,730 SF

      302 Navigation Blvd

      WAREHOUSE, STORAGE • 10,730 SF
      302 Navigation Blvd, Corpus Christi, TX 78408
      View Details
    • Value Estimation by Request
      2,400 SF

      5433 Erin Dr

      WAREHOUSE, STORAGE • 2,400 SF
      5433 Erin Dr, Corpus Christi, TX 78408-2201
      View Details
    • Value Estimation
      $1,215,000
      76,168 SF

      2323 Leopard St

      WAREHOUSE, STORAGE • 76,168 SF
      2323 Leopard St, Corpus Christi, TX 78408-3707
      View Details
    • Value Estimation by Request
      6,207 SF

      818 Cantwell Ln

      WAREHOUSE, STORAGE • 6,207 SF
      818 Cantwell Ln, Corpus Christi, TX 78408-2606
      View Details
    • Value Estimation
      $1,085,000
      37,032 SF

      321 Navigation Blvd

      WAREHOUSE, STORAGE • 37,032 SF
      321 Navigation Blvd, Corpus Christi, TX 78408-2749
      View Details
    • Value Estimation by Request
      8,000 SF

      4501 Leopard St

      WAREHOUSE, STORAGE • 8,000 SF
      4501 Leopard St, Corpus Christi, TX 78408-2615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,211 SF

      Corpus Christi Warehouse - 16,211 SF

      Spacious industrial warehouse, vacant & ready.
      4517 Baldwin Blvd, Corpus Christi, TX 78408
      View Details
    • $265,000
      5,214 SF

      Office/Warehouse Space in Central Location

      Office and warehouse space with multi-functional use and recent updates.
      2930 Leopard St, Corpus Christi, TX 78408
      View Details
    • $1,200,000

      Oilfield Services Warehouse with Crane

      Warehouse facility with showroom, offices, and storage yard.
      4707 Baldwin Blvd, Corpus Christi, TX 78408
      View Details
    • $630,000
      16,681 SF

      Retail/Warehouse Space Near H-E-B

      Retail and warehouse space with redevelopment potential near major highway.
      620 Old Robstown Rd, Corpus Christi, TX 78408
      View Details
    • $15,000,000
      1,414,547 SF

      Large Warehouse Space For Sale

      1,414,547 SF warehouse with rail access in Corpus Christi.
      201 N 19Th St, Corpus Christi, TX 78408
      View Details
    • Contact for pricing
      16,000 SF

      Corpus Christi Warehouse - 16,000 SF

      Prime Distribution Warehouse, 16,000 sq ft, Texas.
      4533 Baldwin Blvd, Corpus Christi, TX 78408
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      12,424 SF

      349 Mcbride Ln

      Distribution properties • 12,424 SF
      349 Mcbride Ln, Corpus Christi, TX 78408
      View Details
    • $8 SF/Yr
      13,500 SF

      Corpus Christi Warehouse For Lease

      13,500 SF Warehouse, Ideal Location
      4202 Russell Dr, Corpus Christi, TX 78408
      View Details
    • $6 SF/Yr
      16,211 SF

      Baldwin Blvd Warehouse Opportunity

      Spacious Warehouse, Excellent Location
      4517 Baldwin Blvd, Corpus Christi, TX 78408
      View Details
    • $5,700 /Mo
      8,550 SF

      Corpus Christi Industrial Building For Lease

      Industrial building in Corpus Christi with office and warehouse space.
      4414 Baldwin Blvd, Corpus Christi, TX 78408
      View Details
    • New
      $6,000 /Mo
      11,400 SF

      Industrial Property with Storage Yard

      Industrial space with warehouse, office, canopy, and storage yard.
      4501 Baldwin Blvd, Corpus Christi, TX 78408
      View Details
    • $6,000 /Mo

      Corner Industrial Property with Yard

      Industrial property with secure yard and immediate availability for rent.
      4501 Baldwin Blvd, Corpus Christi, TX 78408
      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.
    4765 Westway Dr
    Corpus Christi, TX 78408-2725
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.