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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Flex space
5825 Hopkins Rd Corpus Christi, TX 78409-1202
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US83-3131761
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Total area
12,700 SF
Lot
13.2 ac (574,992 SF)
Zoning code
I-3
APN
4200-0011-0010
UPID
US83-3131761
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
-
Palacios Marine & Industrial General Contractor
-
PMI Business Management Consultant
-
Armadillo Portable Toilets Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$805k
Owner & transaction history
Mrs Equipment Group LLC · 11 yrs held
Mrs Equipment Group LLC
since 2015
7 recorded transactions
Zoning & alternative use
I-3 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+111.6%
Office building
$1.1M
+89.9%
Retail stores
$985,000
+66.6%
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
$820,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$590,000
Current use
RESTAURANT
$1,250,000
Change: +112% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$850,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$63 / 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
$53,244
Tax year 2023
Assessed value
$2,494,157
Assessed 2024
Previous assessed
$2,386,249
+4.5% YoY
Effective rate
2.13%
On assessed value
Assessed land
$1,868,724
Assessed improvement
$625,433
Land market value
$1,868,724
Improvement market value
$625,433
Total market value
$2,494,157
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1973
Heating
NONE
Total area
12,700 SF
Lot
13.2 ac (574,992 SF)
Zoning code
I-3
APN
4200-0011-0010
UPID
US83-3131761
Jurisdiction
NUECES
Zoning & alternative use
I-3 · Corpus Christi, TX
Zoning I-3 · permitted uses
I-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$590,000
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Lot
13.2 ac
Current owner
From public records · entity-resolved
Mrs Equipment Group LLC
Entity
Mailing address
PO BOX 875, PALACIOS, TX 77465-0875
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2018
—
Palacios Marine & Industrial Coatin
—
Deed
related
$600,000 · Prosperity Bank
Feb 7, 2017
—
Palacios Marine & Indl Coatin
—
Deed
related
$5,000,000 · Plainscapital Bk
Dec 1, 2016
—
Palacios Marine & Indl Coatin
—
Deed
related
$5,000,000 · Plainscapital Bk
Feb 16, 2015
—
Mrs Equipment Group LLC
Palacios Marine & Indl Coatin
Warranty Deed
$770,000 · Plainscapital Bk
Mar 27, 2009
—
Marine Palacios
Circle D Sandblasting
Warranty Deed
$640,000 · Prosperity Bank
—
—
Palacios Marine & Indl Coatin
—
Deed Of Trust
related
$465,000 · Plainscapital Bk
—
—
Marine Palacios
—
Loan Modification
related
$2,500,000 · Prosperity Bank
—
—
Marine Palacios
—
Deed Of Trust
related
$2,500,000 · Prosperity Bank 28
—
—
Palacios Marine & Indl Coatin
—
Loan Modification
related
$2,500,000 · Prosperity Bk
—
—
Palacios Marine & Indl Coatin
—
Loan Modification
related
$2,500,000 · Prosperity Bk
—
—
Sherry L Dunlap
—
Deed Of Trust
related
$175,000 · Djrk Ltd
—
—
Palacios Marine & Indl Coatin
—
Loan Modification
related
$6,000,000 · Prosperity Bk
—
—
Palacios Marine & Indl Coatin
—
Loan Modification
related
$5,000,000 · Plainscapital Bk
—
—
Palacios Marine & Indl Coatin
—
Loan Modification
related
$5,000,000 · Plainscapital Bk
—
—
Marine Palacios
—
Deed Of Trust
related
$1,200,000 · Prosperity Bank 28
—
—
Marine Palacios
—
Deed Of Trust
related
$1,750,000 · Prosperity Bank 28
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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