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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Flex space
6802 Leopard St Corpus Christi, TX 78409-1704
Individually Owned
18-yr Hold
Free & Clear
Property ID
US83-2916660
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Total area
16,800 SF
Lot
3 ac (130,724 SF)
Zoning code
I-2
APN
0126-0000-0160
UPID
US83-2916660
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
-
Gulf Coast Repair & Machine Shop Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$970k
Owner & transaction history
Vwr · 18 yrs held
Vwr
since 2008
4 recorded transactions
Zoning & alternative use
I-2 · Corpus Christi, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+89.9%
Retail stores
$1.3M
+66.6%
Commercial (general)
$1.1M
+44.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,465,000
6.5%
$1,355,000
7%
$1,255,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$785,000
Current use
OFFICE BUILDING
$1,485,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$1,305,000
Change: +67% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,125,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$58 / 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
$28,219
Tax year 2023
Assessed value
$1,561,825
Assessed 2024
Previous assessed
$1,290,024
+21.1% YoY
Effective rate
1.81%
On assessed value
Assessed land
$294,167
Assessed improvement
$1,267,658
Land market value
$294,167
Improvement market value
$1,267,658
Total market value
$1,561,825
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
1982
Heating
NONE
Buildings
2
Total area
16,800 SF
Lot
3 ac (130,724 SF)
Zoning code
I-2
APN
0126-0000-0160
UPID
US83-2916660
Jurisdiction
NUECES
Zoning & alternative use
I-2 · Corpus Christi, TX
Zoning I-2 · permitted uses
I-2 · 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
$785,000
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
INDUSTRIAL (GENERAL) Current
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
1982
Heating
NONE
Buildings
2
Lot
3 ac
Current owner
From public records · entity-resolved
Vwr
Individual
Free & Clear · 18 yrs held
Mailing address
PO BOX 260591, CORPUS CHRISTI, TX 78426-0591
Ownership since
2008
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
Apr 2, 2008
—
Vwr
Riebschleager,weldon J & Valerie J
Grant Deed
related
—
Sep 21, 2000
—
Weldon J Riebschleager
A G A Financial INC
Grant Deed
$240,000 · Wells Fargo Bank Texas NA
—
—
Vwr LP
—
Deed Of Trust
related
$238,500 · Kleberg First National Bank
—
—
A G A Properties INC
—
Deed Of Trust
related
$44,000 · Nueces National 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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