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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5607 Everhart Rd Corpus Christi, TX 78411-4904

    • Assisted living facilities
    • 62,370 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2041546
    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.

    Current Use by Public Records

    • The Palms Nursing & Rehabilitation / Nursing Home / Professional Services
    • Villa italiano / Italian Restaurant
    • Palms nursing home / Nursing Home

    Property Details for 5607 Everhart Rd

    Year built
    1969
    Lot size
    2.27 lot acres
    Property size
    62,370 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    8450-0001-0050
    APU
    845000010050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $739,000
      Market price range: $553k - $1.77M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,220,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.39
    Latitude
    27.7067
    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
    $92,097
    $559,655
    $3,440,345
    $4,000,000
    -
    $559,655
    $3,440,345
    $4,000,000

    Comparable in this City

    • Value Estimation
      $250,000
      2,280 SF

      3462 Alameda St

      HOMES (RETIRED, NURSING) • 2,280 SF
      3462 Alameda St, Corpus Christi, TX 78411-1720
      View Details
    • Value Estimation
      $815,000
      92,539 SF

      3401 Alameda St

      HOMES (RETIRED, NURSING) • 92,539 SF
      3401 Alameda St, Corpus Christi, TX 78411-1719
      View Details
    • Value Estimation
      $1,090,000
      41,378 SF

      3435 Alameda St

      MEDICAL BUILDING • 41,378 SF
      3435 Alameda St, Corpus Christi, TX 78411-1751
      View Details
    • Value Estimation
      $325,000
      9,662 SF

      3511 Alameda St, Unit 2

      MEDICAL BUILDING • 9,662 SF
      3511 Alameda St, Corpus Christi, TX 78411-1721
      View Details
    • Value Estimation
      $280,000
      162 SF

      3301 Alameda St, Unit 236

      MEDICAL BUILDING • 162 SF
      3301 Alameda St, Corpus Christi, TX 78411-1882
      View Details
    • Value Estimation
      $280,000
      162 SF

      3301 Alameda St, Unit 311

      MEDICAL BUILDING • 162 SF
      3301 Alameda St, Corpus Christi, TX 78411-1882
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Turnkey Medical Office in Corpus

      Ready-to-use medical office space in central Corpus Christi.
      4833 S Staples St, Corpus Christi, TX 78411
      View Details
    • $2,601,715
      7,211 SF

      Corpus Christi Medical Office Building

      7,211 SF Medical Office Building, 6.5% Cap Rate
      522 Texan Trl, Corpus Christi, TX 78411
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    • $15,076,323
      53,697 SF

      Healthcare Investment Opportunity

      NNN leased healthcare property in high-income Texas markets.
      4234 Weber Rd, Corpus Christi, TX 78411
      View Details
    • $135,000
      0.25 Acres

      Corner Lot in Corpus Christi

      Commercially zoned lot with high visibility and easy access.
      4914 Williams Dr, Corpus Christi, TX 78411
      View Details
    • $175,000
      0.45 Acres

      Commercial Lot in Busy District

      0.45-acre commercial lot in a bustling shopping district.
      5129 Williams Dr, Corpus Christi, TX 78411
      View Details
    • $6,372,000
      39,000 SF

      Corpus Christi Urban Air Investment

      High-return entertainment property, NNN lease.
      4701 Staples St, Corpus Christi, TX 78411
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      42,000 SF

      Parkdale Plaza Retail Center

      Prime Retail Space, Nueces County
      4117 Staples St, Corpus Christi, TX 78411
      View Details
    • Contact for pricing
      85,833 SF

      Carmel Village Shopping Center Opportunity

      Prime Retail Space, Multiple Units Available
      4100 Staples St, Corpus Christi, TX 78411
      View Details
    • Contact for pricing
      10,001 SF

      Corpus Christi Retail Center Space

      Regional shopping center with frontage on SPID in Corpus Christi.
      4914 S Padre Island Dr, Corpus Christi, TX 78411
      View Details
    • $8 SF/Yr
      12,000 SF

      Corpus Christi Warehouse Space Available

      Remodeled warehouse space ideal for general warehousing in Corpus Christi.
      4630 Corona Dr, Corpus Christi, TX 78411
      View Details
    • $3,000 /Mo
      7,013 SF

      Former Dental Office For Lease

      1,300 sq. ft. former dental office in Corpus Christi.
      4822 Holly, Corpus Christi, TX 78411
      View Details
    • $4,925 /Mo
      3,294 SF

      Renovated Office Suite For Lease

      Completely renovated, ADA-compliant office suite with flexible layout.
      700 Everhart Rd, Corpus Christi, TX 78411
      View Details
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    5607 Everhart Rd
    Corpus Christi, TX 78411-4904
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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