New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Office buildings
5151 Flynn Pkwy, Corpus Christi, TX 78411-4372
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-2889912
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
82,309 SF
Lot
3.73 ac (162,261 SF)
Zoning code
I-2
APN
9689-0201-0140
UPID
US82-2889912
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
Current use
Occupant on record · Public records
-
Home Experts Realty: David Garcia Real Estate Agency
-
Inner-NATURALIST Life Coach
-
CHRISTUS Hospice and Palliative Care Hospital
-
Mc Caig & Associates Social Service Agency Medical Clinic
-
Frost Angela M Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
Reich Ents INC · 8 yrs held
Reich Ents INC
since 2018
7 recorded transactions
Zoning & alternative use
I-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$37 / 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
$100,014
Tax year 2023
Assessed value
$4,692,700
Assessed 2024
Previous assessed
$4,692,700
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$811,305
Assessed improvement
$3,881,395
Land market value
$811,305
Improvement market value
$3,881,395
Total market value
$4,692,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Total area
82,309 SF
Lot
3.73 ac (162,261 SF)
Zoning code
I-2
APN
9689-0201-0140
UPID
US82-2889912
Jurisdiction
NUECES
Zoning & alternative use
I-2 · Corpus Christi, TX
Zoning I-2 · permitted uses
I-2 · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corpus Christi. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
3.73 ac
Current owner
From public records · entity-resolved
Reich Ents INC
Entity
Mailing address
PO BOX 6950, LONGVIEW, TX 75608-6950
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
Reich Enterprises INC
—
Deed
related
$3,033,561 · Cadence Bank NA
Feb 24, 2020
—
Reich Ents INC
—
Deed
related
$440,140 · Austin Bk/tx
Apr 22, 2019
—
Reich Ents INC
—
Deed
related
$417,615 · Austin Bk/tx
Mar 1, 2018
—
Reich Ents INC
Atrium Plaza Lc
Grant Deed
$3,675,000 · Austin Bk Texas NA/gilmer
Apr 13, 2007
—
Atrium Plaza Lc
—
Trustees Deed
related
$200,000 · Frost National Bank
—
—
Reich Ents INC
—
Loan Modification
related
$451,264 · Austin Bk/tx
—
—
Atrium Plaza Lc
—
Deed Of Trust
related
$70,000 · Frost National Bank
—
—
Atrium Plaza Lc
—
Deed Of Trust
related
$85,000 · Frost National Bank
—
—
Reich Ents INC
—
Loan Modification
related
$417,615 · Austin Bk/tx
—
—
Reich Ents INC
—
Loan Modification
related
$440,140 · Austin Bk/tx
—
—
Atrium Plaza Lc
—
Deed Of Trust
related
$162,180 · Frost National Bank
—
—
Atrium Plaza Lc
—
Deed Of Trust
related
$417,554 · Frost National Bank
—
—
Atrium Plaza Lc
—
Deed Of Trust
related
$250,000 · Frost National Bank
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.
Try Rey
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