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Property profile & analytics
FOR SALE
Parking lots & garages
5858 Padre Is Dr Corpus Christi, TX 78412-3917
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-5154696
No photos on file
For Sale
Contact for pricing
5858 Padre Is Dr, Corpus Christi, TX 78412-3917
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1988
Total area
168,552 SF
Lot
16.89 ac (735,728 SF)
APN
8567-0001-0050
UPID
US82-5154696
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
-
South Texas Renegades Mma Gym & Fitness Center
-
San Bao Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Baby Depot (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Drops of Life CBD Department Store
-
Anthony Wayne Flores Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Patel Real Estate Holdings LLC
Patel Real Estate Holdings LLC
since 2026
7 recorded transactions
Zoning & alternative use
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
$1,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$7 / 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
$128,383
Tax year 2023
Assessed value
$5,304,348
Assessed 2024
Previous assessed
$6,023,790
-11.9% YoY
Effective rate
2.42%
On assessed value
Assessed land
$2,552,993
Assessed improvement
$2,751,355
Land market value
$2,552,993
Improvement market value
$2,751,355
Total market value
$5,304,348
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Sale
Year built
1988
Heating
NONE
Buildings
2
Total area
168,552 SF
Lot
16.89 ac (735,728 SF)
APN
8567-0001-0050
UPID
US82-5154696
Jurisdiction
NUECES
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Buildings
2
Lot
16.89 ac
Current owner
From public records · entity-resolved
Patel Real Estate Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4311 SW 15TH ST, OKLAHOMA CITY, OK 73108-2230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
—
Patel Real Estate Holdings LLC
Flat Spid 5858 LLC
Deed
—
Aug 30, 2024
—
Flat Spid 5858 LLC
—
Deed
related
$2,500,000 · Home Bank NA
Nov 9, 2023
—
Patel Real Estate Holdings LLC
Mo Pat Sunrise Mall LLC
Deed
—
Nov 22, 2022
—
Flat Spid 5858 LLC
Bulington Coat Factory Warehouse Co
Special Warranty Deed
$1,200,000 · Investar Bank
Oct 17, 2022
—
Musicks Sandburg Mall LLC
Mo Pat Sunrise Mall LLC
Intrafamily Transfer
related
—
Mar 9, 2021
—
Sara Spid LLC
Wilcox Family Properties Ltd
Grant Deed
$1,000 · Sara Spid LLC
Aug 13, 2019
—
Mo-pat Sunrise Mall LLC
Sunrise Cc LLC
Quitclaim Deed
related
$500,000 · Patel R/e Hldgs LLC
May 14, 2018
—
Sunrise Cc LLC
—
Grant Deed
related
$4,000,000 · Fairwinds Capital LP
Sep 19, 2017
—
Sunrise Cc LLC
—
Deed
related
$19,000,000 · Revere High Yield Fund LP
Jul 10, 2017
—
Sunrise Cc LLC
—
Deed
related
$2,000,000 · Fairwinds Capital LP Fairwinds Capital LP
Nov 23, 2016
—
Sunrise Cc LLC
—
Deed
related
$3,000,000 · Fairwinds Capital LP Fairwinds Capital LP
Nov 4, 2016
—
Sunrise Cc LLC
Premier Tierra Holdings INC
Grant Deed
related
—
Feb 27, 2009
—
Premier Tierra Holdings INC
International Bank Of Commerce
Grant Deed
related
—
Sep 2, 2008
—
International Bank Of Commerce
Cook,craig
Trustees Deed
related
—
Jan 12, 2006
—
Corpus Sunrise Mall
Today Sunrise Mall
Trustees Deed
$6,775,000 · International Bk/commerce
—
—
Sunrise Cc LLC
—
Deed Of Trust
related
$3,000,000 · Fairwinds Capital LP Fairwinds Capital LP
—
—
Sunrise Cc LLC
—
Deed Of Trust
related
$2,000,000 · Fairwinds Capital LP Fairwinds Capital LP
—
—
Sunrise Cc LLC
—
Deed Of Trust
related
$19,000,000 · Revere High Yield Fund LP
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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