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    Property profile & analytics

    7602 Everhart Rd Corpus Christi, TX 78413-6124

    • Grocery and convenience stores
    • 4,942 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1465170
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bills Barber Shop / Barber Shop
    • Stripes / Grocery & Convenience Store
    • Goodwill Donation Station The Lake's / Charitable Organization
    • Vaughan & Vaughan / Dental Office
    • Valero / Gas Station

    Property Details for 7602 Everhart Rd

    Year built
    1993
    Lot size
    0.92 lot acres
    Property size
    4,942 SF
    Zone code
    B-4
    Property type
    Grocery and convenience stores
    APN
    7144-0001-0380
    APU
    714400010380

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $576,000
      Market price range: $443k - $693k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $770,000
      AUTO REPAIR, GARAGE
      $590,000
      COMMERCIAL (GENERAL)
      $405,000
      RETAIL STORES
      $385,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.41
    Latitude
    27.673
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,742
    $239,868
    $640,301
    $880,169
    -
    $239,868
    $640,301
    $880,169

    Comparable in this City

    • Value Estimation
      $890,000
      5,811 SF

      6801 Everhart Rd

      CONVENIENCE STORE • 5,811 SF
      6801 Everhart Rd, Corpus Christi, TX 78413-2453
      View Details
    • Value Estimation
      $2,055,000
      54,309 SF

      5801 Weber Rd

      GROCERY, SUPERMARKET • 54,309 SF
      5801 Weber Rd, Corpus Christi, TX 78413-3966
      View Details
    • Value Estimation
      $665,000
      4,323 SF

      5513 Saratoga Blvd

      CONVENIENCE STORE • 4,323 SF
      5513 Saratoga Blvd, Corpus Christi, TX 78413-2939
      View Details
    • Value Estimation
      $655,000
      4,946 SF

      7122 Staples St

      CONVENIENCE STORE • 4,946 SF
      7122 Staples St, Corpus Christi, TX 78413-5526
      View Details
    • Value Estimation
      $750,000
      4,888 SF

      6814 Weber Rd

      CONVENIENCE STORE • 4,888 SF
      6814 Weber Rd, Corpus Christi, TX 78413-2104
      View Details
    • Value Estimation
      $745,000
      4,866 SF

      5701 Everhart Rd

      CONVENIENCE STORE • 4,866 SF
      5701 Everhart Rd, Corpus Christi, TX 78413-3607
      View Details

    Similar Nearby for Sale

    • $895,000
      2,374 SF

      Saratoga Blvd Retail Opportunity

      High-traffic Corpus Christi restaurant/storefront.
      5506 Saratoga Blvd, Corpus Christi, TX 78413
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    • $2,000,000
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      Former Bank Building on Weber

      Former bank building suitable for bank or professional office use.
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    • $2,500,000
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      Prime Commercial Land Opportunity

      Land suitable for office or retail development in thriving area.
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    • $850,000
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      High-Visibility Commercial Property on Staples

      0.97-acre property with redevelopment potential on a high-traffic thoroughfare.
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    • $2,290,000
      4,600 SF

      Corpus Christi Mixed-Use Redevelopment

      Prime 3-acre redevelopment opportunity. High-traffic location.
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    • $2,000,000

      Former Bank Building For Sale

      Former bank building suitable for banking or professional office use.
      5875 Weber Rd, Corpus Christi, TX 78413
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    Similar Nearby for Lease

    • $5,995 /Mo
      3,887 SF

      Prime Commercial Space Available

      High-traffic commercial space in Southside Corpus Christi with ample parking.
      7009 S Staples St, Corpus Christi, TX 78413
      View Details
    • Contact for pricing
      1,400 SF

      Retail Spaces Available for Lease

      Retail spaces available in vibrant, anchored shopping center.
      6418 S Staples St, Corpus Christi, TX 78413
      View Details
    • $24 SF/Yr
      23,000 SF

      Prime Corpus Christi Retail Space

      1,787 SF Available - High Traffic Area
      6646 Staples St, Corpus Christi, TX 78413
      View Details
    • $32 SF/Yr
      90,768 SF

      Huntington Square Retail Space

      Corpus Christi Shopping Center - Prime Location
      5425 Saratoga Blvd, Corpus Christi, TX 78413
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    • $24 SF/Yr
      34,702 SF

      Texas Champion Bank Building Office Space

      Prime Corpus Christi Office Space Available
      6124 Staples St, Corpus Christi, TX 78413
      View Details
    • $1,995 /Mo
      769 SF

      Office Space in Brook Hollow

      Office space for lease in Corpus Christi with move-in readiness.
      6000 S Staples St, Corpus Christi, TX 78413
      View Details
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    Corpus Christi, TX 78413-6124
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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