518 Peoples St Corpus Christi, TX 78401-2320
Property profile & analytics
518 Peoples St Corpus Christi, TX 78401-2320
- Office buildings
- 7,921 SF
- 0.20 lot acres
Property ID
US82-3977285
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.
Location Intelligence
Current Use by Public Records
- Centurion Medical Liability Protective / Financial Advisor / Insurance Agency
- Mako Communications / Radio Station / Telecommunications Service
- OrangeSoda / General Contractor
Property Details for 518 Peoples St
- Year built
- 1932
- Lot size
- 0.20 lot acres
- Property size
- 7,921 SF
- Property type
- Office buildings
- APN
- 0540-0019-0120
- APU
- 54000190120
Description
This exceptional mixed-use property, located at 518 Peoples St in downtown Corpus Christi, Texas, presents a compelling investment opportunity. The 10,121 square foot building, situated on a single lot with APN 191764, is a two-story structure offering a blend of executive office, storefront, and traditional office spaces. Currently, the building boasts 22.5% occupancy with two quality tenants leasing a combined 2,774 square feet across two separate units, each with its own exterior access. These units feature dedicated amenities. The remaining space is currently occupied by the seller, who is open to a leaseback arrangement at fair market value plus NNN charges or will vacate to accommodate a buyer's preferences. The building's features include seven bathrooms (one with a shower), multiple break rooms, a kitchen, a welcoming lobby, and a convenient eight-car internal garage with overhead door access. The property is zoned for commercial use and offers significant potential for increased occupancy and revenue. This is a rare opportunity to acquire a well-maintained, mixed-use building in a vibrant downtown location. The asking price is $850,000, translating to $83.98 per square foot. The property consists of three units within one building. This prime location in Nueces County, Texas, offers easy access to local amenities and businesses.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.3958
- Latitude
- 27.7971
- 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
$7,843
$103,692
$297,757
$401,449
-
$103,692
$297,757
$401,449
