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Property profile & analytics
FOR LEASE
Grocery and convenience stores
5425 S Padre Island Dr Corpus Christi, TX 78411
Entity Owned
6-yr Hold
Free & Clear
Property ID
US82-2050417
For Lease
1 / 5
$1,895,000
5425 S Padre Island Dr, Corpus Christi, TX 78411
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Total area
67,556 SF
Lot
7.12 ac (310,147 SF)
Zoning code
B-4
APN
5342-0003-0050
UPID
US82-2050417
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Nothing Bundt Cakes Bakery Specialty Food Shop
-
Marshalls Department Store
-
Men's Wearhouse Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Freebirds World Burrito Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$1.90M
Owner & transaction history
139 N Belmont Street Apts LLC · 6 yrs held
139 N Belmont Street Apts LLC
since 2020
4 recorded transactions
Zoning & alternative use
B-4 · 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
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±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
$28 / 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
$119,351
Tax year 2023
Assessed value
$5,783,050
Assessed 2024
Previous assessed
$5,600,000
+3.3% YoY
Effective rate
2.06%
On assessed value
Assessed land
$2,481,176
Assessed improvement
$3,301,874
Land market value
$2,481,176
Improvement market value
$3,301,874
Total market value
$5,783,050
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1989
Heating
NONE
Total area
67,556 SF
Lot
7.12 ac (310,147 SF)
Zoning code
B-4
APN
5342-0003-0050
UPID
US82-2050417
Jurisdiction
NUECES
Zoning & alternative use
B-4 · Corpus Christi, TX
Zoning B-4 · permitted uses
B-4 · 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
1989
Heating
NONE
Lot
7.12 ac
Current owner
From public records · entity-resolved
139 N Belmont Street Apts LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 839999, SAN ANTONIO, TX 78283-3999
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2020
—
139 N Belmont Street Apts LLC
Rainier Moore Plaza II LLC
Grant Deed
—
Dec 18, 2018
—
Rainier Moore Plaza II LLC
—
Deed
related
$3,300,000 · Pegasus Bank
Dec 2, 2016
—
Sea Island Staples Ltd
—
Deed
related
$2,000,000 · Broadway National Bank
Oct 3, 2016
—
Table 30 Corpus Realty LLC
—
Deed
related
$4,103,362 · Heritage 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.
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