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Property profile & analytics
OFF-MARKET Estimated value $620,000
Flex space

518 Flato Rd Corpus Christi, TX 78405-4303

7,750 SF 5 ac lot Built 1991
Entity Owned Absentee Owner Free & Clear
Property ID
US82-4645908
Property summary
AI-generated overview

This exceptional industrial property, priced at $1,000,000, offers 7,750 square feet of warehouse space situated on a generous 5-acre lot in Corpus Christi, Texas. The property features two buildings: a front building encompassing 4,000 square feet, including 1,400 square feet of office space with two 14-foot overhead doors, and a rear building of 3,750 square feet with four 16-foot overhead doors. The property boasts a total of four offices and three restrooms, and is currently vacant. The warehouse features single-phase power. The site benefits from excellent water and sewer infrastructure, with an 8-inch water line and a 42-inch wastewater line along Flato Road. Importantly, the property is located in a 0% flood zone. The property's strategic location within the industrial corridor of Corpus Christi provides easy access to major transportation arteries, including I-37 and Highway 44, and is adjacent to the new Kingpin Drive industrial corridor. The property is also conveniently located near the Port of Corpus Christi, currently undergoing a significant $650 million infrastructure expansion. Average daily traffic counts on nearby Agnes Road and Bear Lane were 12,300 (2017) and 3,600 (2019) vehicles respectively. The property is zoned for industrial use and has a tax rate of $2.139171. The year built is 1986. The APN is 7430-0006-0130. This property presents a compelling investment opportunity in a rapidly growing industrial area.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1991
Total area 7,750 SF
Lot 5 ac (217,800 SF)
Zoning code I-2
APN 7430-0006-0130
UPID US82-4645908
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
  • Gaertner Leasing Inc Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
$625k
Comparable Approach Comparable
$779k
Blend (final) Blend
$620k
Owner & transaction history
Gus Cargile III Family LP
Gus Cargile III Family LP
since 2026
5 recorded transactions
2026
Price N/A
2020
Price N/A
2016
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
I-2 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $970,000 +87.8%
Auto repair, garage $925,000 +79.2%
Retail stores $850,000 +63.8%
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