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Property profile & analytics
OFF-MARKET
Estimated value
$14,090,000
Office buildings
6925 Padre Is Dr, Corpus Christi, TX 78412-4927
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3154862
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
127,275 SF
Lot
4.26 ac (185,435 SF)
APN
4414-0100-0010
UPID
US82-3154862
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
-
Armon Bay Apartments Apartment Complex
-
ElrealJM Photography Service (Bike/Boat/Book/etc) Store
-
Carolina Munoz Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.96M
Blend (final)
Blend
$14.09M
Owner & transaction history
Gwr Armon Bay LLC · 10 yrs held
Gwr Armon Bay LLC
since 2016
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,445,000
Current use
AUTO REPAIR, GARAGE
$15,225,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$14.09M
Range $12.68M – $15.50M · ±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
$111 / 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
$281,137
Tax year 2023
Assessed value
$13,196,784
Assessed 2024
Previous assessed
$13,191,044
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$927,230
Assessed improvement
$12,269,554
Land market value
$927,230
Improvement market value
$12,269,554
Total market value
$13,196,784
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
127,275 SF
Lot
4.26 ac (185,435 SF)
APN
4414-0100-0010
UPID
US82-3154862
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.4M
AUTO REPAIR, GARAGE
Est. value
$15.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1972
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.26 ac
Current owner
From public records · entity-resolved
Gwr Armon Bay LLC
Entity
Mailing address
2000 WW LOOP S STE #1050, HOUSTON, TX 77027-3516
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Mar 3, 2025
—
Cc Armon Bay Owner LLC
—
Deed
related
$10,585,000 · Jll Real Estate Capital LLC
Dec 26, 2018
—
Gwr Armon Bay LLC
—
Deed
related
$8,152,000 · Holliday Fenoglio Fowler
Mar 11, 2016
—
Gwr Armon Bay LLC
Lafayette Partners Ltd
Grant Deed
$6,817,000 · Holliday Fenoglio Fowler
—
—
Gwr Armon Bay LLC
—
Deed Of Trust
related
$8,152,000 · Holliday Fenoglio Fowler
—
—
Lafayette Partners Ltd
—
Deed Of Trust
related
$6,440,000 · J P Morgan Chase 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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