New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Retail space
5858 Padre Is Dr, Corpus Christi, TX 78412-3917
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-1677942
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
114,672 SF
Lot
4.4 ac (191,664 SF)
APN
8567-0001-0070
UPID
US83-1677942
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Patel Real Estate Holdings LLC · 2 yrs held
Patel Real Estate Holdings LLC
since 2023
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
$93,000
Tax year 2023
Assessed value
$4,363,580
Assessed 2024
Previous assessed
$4,363,580
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$1,111,651
Assessed improvement
$3,251,929
Land market value
$1,111,651
Improvement market value
$3,251,929
Total market value
$4,363,580
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Heating
NONE
Total area
114,672 SF
Lot
4.4 ac (191,664 SF)
APN
8567-0001-0070
UPID
US83-1677942
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
1980
Heating
NONE
Lot
4.4 ac
Current owner
From public records · entity-resolved
Patel Real Estate Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4311 SW 15TH ST, OKLAHOMA CITY, OK 73108-2230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2023
—
Patel Real Estate Holdings LLC
Mo Pat Sunrise Mall LLC
Deed
—
Mar 9, 2021
—
Sara Spid LLC
Wilcox Family Properties Ltd
Grant Deed
$1,000 · Sara Spid LLC
Aug 29, 2006
—
Wilcox Family Properties Ltd
Wilcox Furniture INC
Quit Claim Deed
$1,600,000 · American Bk/bradenton
May 4, 2006
—
Wilcox Furniture INC
Ccgebe LLC
Grant Deed
$1,575,000 · American Bank
—
—
Ccgebe LLC
—
Deed Of Trust
related
$425,000 · Valuebank Texas
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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