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Property profile & analytics

5114 Carroll Ln Corpus Christi, TX 78415-3002

  • Bars
  • 3,316 SF
  • 0.48 lot acres
OFF-MARKET
Last Sale
Apr 05, 2024
Value Estimations
$250,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US82-1935968
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

  • Bars

Property Details for 5114 Carroll Ln

Year built
1976
Lot size
0.48 lot acres
Property size
3,316 SF
Zone code
B-4
Property type
Bars
Property subtype
Pubs
APN
4430-0004-0360
APU
443000040360

Description

This exceptional 2,940 sq ft commercial property, located at 5114 Carroll Ln, Corpus Christi, TX 78415, presents a unique investment opportunity. Situated on a 31,500 sq ft lot (including 10,500 sq ft of additional land for expansion), this single-story building boasts a prime location approximately 200 feet from the intersection of Carroll Lane and the SPID access road, offering easy access to Hwy 358. Previously operating as a bar for over two decades, the property is currently vacant and ready for immediate redevelopment. The CG-2 zoning permits a wide range of commercial uses, making it ideal for various businesses, including hospitality, medical offices, or retail establishments. The asking price is $580,000, and the property is available for occupancy on November 7, 2024. Its location in a high-traffic business district along Hwy 358, combined with its flexible zoning and ample land, makes this a compelling investment for owner-users seeking a property with significant potential. The existing building provides a solid foundation for a quick turnaround, allowing for customization to suit specific business needs. With a relatively low down payment, an investor could own this property and complete renovations within six months. This property offers a blend of convenience, flexibility, and high visibility, making it a strong contender in the competitive Corpus Christi commercial market. The Nueces County APN is 4430-0004-0360.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $255,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $242,000
    Market price range: $213k - $557k
  • Alternative Use

    Use
    Estimation
    RESTAURANT
    $375,000
    Current use
    AUTO REPAIR, GARAGE
    $395,000
    Change: +6% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Corpus Christi
County
Nueces
State
Texas
Longitude
-97.406
Latitude
27.724
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
$5,904
$78,750
$203,283
$282,033
-
$78,750
$203,283
$282,033
More about this property
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