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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Flex space
7021 Saluki St Corpus Christi, TX 78414-5712
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2554698
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Total area
5,600 SF
Lot
3.83 ac (167,009 SF)
APN
7463-0010-0010
UPID
US82-2554698
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
-
Majek Boat Works Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$550k
Owner & transaction history
Turner-majek Real Estate LLC · 18 yrs held
Turner-majek Real Estate LLC
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$810,000
+109.2%
Auto repair, garage
$670,000
+73.3%
Restaurant
$460,000
+19.5%
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
$550,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$385,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +73% · Conversion: Easy
RESTAURANT
$460,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$435,000
Change: +12% · Conversion: Moderate
OFFICE BUILDING
$430,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$355,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$98 / 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
$35,694
Tax year 2023
Assessed value
$1,905,735
Assessed 2024
Previous assessed
$1,674,788
+13.8% YoY
Effective rate
1.87%
On assessed value
Assessed land
$501,079
Assessed improvement
$1,404,656
Land market value
$501,079
Improvement market value
$1,404,656
Total market value
$1,905,735
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
1981
Heating
NONE
Buildings
4
Total area
5,600 SF
Lot
3.83 ac (167,009 SF)
APN
7463-0010-0010
UPID
US82-2554698
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
INDUSTRIAL (GENERAL) Current
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$670,000
RESTAURANT
Est. value
$460,000
RETAIL STORES
Est. value
$435,000
OFFICE BUILDING
Est. value
$430,000
MEDICAL BUILDING
Est. value
$355,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1981
Heating
NONE
Buildings
4
Lot
3.83 ac
Current owner
From public records · entity-resolved
Turner-majek Real Estate LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1100 NE LOOP 410TH STE #900, SAN ANTONIO, TX 78209-1574
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2018
—
Turner-majek Real Estate LLC
—
Deed
related
$193,166 · Texas Cap Bk
Jul 3, 2008
—
Turner-majek Real Estate LLC
Majek,john M III
Quit Claim Deed
related
—
—
—
Turner-majek Real Estate LLC
—
Loan Modification
related
$193,166 · Texas Cap Bk
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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