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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Medical Office Space
5846 Wooldridge Rd Corpus Christi, TX 78414-2402
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4872555
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
9,110 SF
Lot
0.86 ac (37,505 SF)
Zoning code
B-3
APN
9905-0002-0010
UPID
US82-4872555
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
-
WellMed at Wooldridge Medical Clinic
-
welmed clinic Medical Clinic
-
Ms. Kimberly Guzman Physician
-
Melissa Rock, NP Pediatrician Physician
-
Laura Anne Colon, NP Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$620k
Owner & transaction history
Exchangeright Net Leased Portfolio · 4 yrs held
Exchangeright Net Leased Portfolio
since 2021
4 recorded transactions
Zoning & alternative use
B-3 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$750,000
+29.6%
Retail stores
$705,000
+22.0%
Office building
$700,000
+20.7%
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
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$580,000
Current use
RESTAURANT
$750,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$630,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$68 / 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
$68,201
Tax year 2023
Assessed value
$3,178,763
Assessed 2024
Previous assessed
$3,200,023
-0.7% YoY
Effective rate
2.15%
On assessed value
Assessed land
$262,514
Assessed improvement
$2,916,249
Land market value
$262,514
Improvement market value
$2,916,249
Total market value
$3,178,763
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Total area
9,110 SF
Lot
0.86 ac (37,505 SF)
Zoning code
B-3
APN
9905-0002-0010
UPID
US82-4872555
Jurisdiction
NUECES
Zoning & alternative use
B-3 · Corpus Christi, TXZoning B-3 · permitted uses
B-3 · Corpus Christi, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$580,000
RESTAURANT
Est. value
$750,000
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING
Est. value
$700,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2015
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
—
Exchangeright Net Leased Portfolio
Corpus Aligned Rei Wooldridge LP
Special Warranty Deed
—
Jun 5, 2015
—
Corpus Aligned Rei Wooldridge
Wooldridge LLC
Quit Claim Deed
$1,265,000 · Optum Bank INC
Apr 12, 2007
—
Wooldridge LLC
Rodriguez,rene M & Thelma J
Warranty Deed
$468,000 · American Bk/bradenton
—
—
Wooldridge LLC
—
Deed Of Trust
related
$330,000 · Prosperity 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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