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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Parking lots & garages
501 Water St Corpus Christi, TX 78401-2325
Individually Owned
19-yr Hold
Free & Clear
Property ID
US82-2927472
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Total area
318,436 SF
Lot
1.03 ac (44,693 SF)
Zoning code
B-6
APN
0540-0004-0010
UPID
US82-2927472
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
St Corpus Christi Hldgs I Lake · 19 yrs held
St Corpus Christi Hldgs I Lake
since 2007
7 recorded transactions
Zoning & alternative use
B-6 · 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
$1,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$3 / 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
$87,506
Tax year 2023
Assessed value
$3,915,416
Assessed 2024
Previous assessed
$3,916,982
0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$590,146
Assessed improvement
$3,325,270
Land market value
$590,146
Improvement market value
$3,325,270
Total market value
$3,915,416
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Heating
NONE
Total area
318,436 SF
Lot
1.03 ac (44,693 SF)
Zoning code
B-6
APN
0540-0004-0010
UPID
US82-2927472
Jurisdiction
NUECES
Zoning & alternative use
B-6 · Corpus Christi, TXZoning B-6 · permitted uses
B-6 · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.03 ac
Current owner
From public records · entity-resolved
St Corpus Christi Hldgs I Lake
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 81281, CORPUS CHRISTI, TX 78468-1281
Ownership since
2007
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
Feb 10, 2021
—
500 Shoreline LLC
—
Deed
related
$1,500,000 · Plainscapital Bk
Aug 22, 2019
—
500 Shoreline LLC
—
Deed
related
$4,000,600 · Plainscapital Bk
Mar 1, 2007
—
St Corpus Christi Hldgs I Lake
Owner Name Unavailable
Grant Deed
related
—
Dec 18, 2006
—
Mira Bahia Corpus Christi
Cdc Commercia Trust 2002-fx1
Grant Deed
$1,520,000 · International Bk/commerce
—
—
500 Shoreline LLC
—
Deed Of Trust
related
$4,000,600 · Plainscapital Bk
—
—
Mira Bahia Corpus Christi Ltd
—
Deed Of Trust
related
$250,000 · International Bank Of Commerce
—
—
500 Shoreline LLC
—
Deed Of Trust
related
$1,500,000 · Plainscapital Bk
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.
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