Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,070,000
Office buildings
555 Carancahua St Corpus Christi, TX 78401-0899
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-0577440
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
290,684 SF
Lot
1.03 ac (44,823 SF)
Zoning code
B-6
APN
0797-0012-1005
UPID
US82-0577440
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
-
Edison Electricians of Corpus Christi Electrical Service General Contractor
-
Lynn Engineering Corpus Christi Civil Engineer Engineer
-
Fancher & Neblett Law Firm
-
Vela Law Firm Law Firm
-
Rick Fancher Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.07M
Owner & transaction history
Erf Re INC · 5 yrs held
Erf Re INC
since 2021
7 recorded transactions
Zoning & alternative use
B-6 · 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
$17 / 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
$172,266
Tax year 2023
Assessed value
$8,082,789
Assessed 2024
Previous assessed
$8,082,789
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$560,213
Assessed improvement
$7,522,576
Land market value
$560,213
Improvement market value
$7,522,576
Total market value
$8,082,789
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
1987
Heating
NONE
Total area
290,684 SF
Lot
1.03 ac (44,823 SF)
Zoning code
B-6
APN
0797-0012-1005
UPID
US82-0577440
Jurisdiction
NUECES
Zoning & alternative use
B-6 · Corpus Christi, TX
Zoning B-6 · permitted uses
B-6 · 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
1987
Heating
NONE
Lot
1.03 ac
Current owner
From public records · entity-resolved
Erf Re INC
Entity
Mailing address
555 N CARANCAHUA ST STE #700, CORPUS CHRISTI, TX 78401-0861
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Erf Re INC
Saratoga Village Partners LLC
Warranty Deed
related
—
Dec 18, 2020
—
Erf Real Estate INC
Juan Luis
Warranty Deed
related
—
Dec 11, 2020
—
Erf Real Estate INC
Jose N Mendez
Warranty Deed
related
—
Dec 8, 2020
—
Erf Real Estate INC
Sylvia Moreno
Warranty Deed
related
—
Sep 24, 2020
—
Erf Real Estate INC
Rita B Caudillo
Warranty Deed
related
—
Sep 18, 2020
—
Erf Estate INC
Christopher Bleacher
Grant Deed
related
—
Sep 15, 2015
—
Erf Tower II INC
T2 Building LP
Grant Deed
related
—
—
—
T2 Building
—
Deed Of Trust
related
$7,500,000 · Key Bank & Trust
—
—
T2 Building
—
Deed Of Trust
related
$750,000 · Comerica 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 555 Carancahua St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
