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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Turn key restaurants
8001 Padre Is Dr Corpus Christi, TX 78412-5209
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US83-3812199
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
27,115 SF
Lot
8.98 ac (391,169 SF)
Zoning code
B-4
APN
6534-0005-0010
UPID
US83-3812199
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
-
Myrna's Special Events Event Planning Wedding Service
-
Mansion Royal Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
M & R Building Investment INC · 12 yrs held
M & R Building Investment INC
since 2014
7 recorded transactions
Zoning & alternative use
B-4 · Corpus Christi, TX
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
$42 / 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
$49,089
Tax year 2023
Assessed value
$2,320,000
Assessed 2024
Previous assessed
$2,303,289
+0.7% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,067,814
Assessed improvement
$1,252,186
Land market value
$1,067,814
Improvement market value
$1,252,186
Total market value
$2,320,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Heating
NONE
Total area
27,115 SF
Lot
8.98 ac (391,169 SF)
Zoning code
B-4
APN
6534-0005-0010
UPID
US83-3812199
Jurisdiction
NUECES
Zoning & alternative use
B-4 · Corpus Christi, TX
Zoning B-4 · permitted uses
B-4 · 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.
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Lot
8.98 ac
Current owner
From public records · entity-resolved
M & R Building Investment INC
Entity
Mailing address
8001 S PADRE IS DR, CORPUS CHRISTI, TX 78412-5209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2019
—
M & R Building Investments INC
—
Deed
related
—
Mar 12, 2019
—
M & R Building Investment INC
—
Deed
related
$100,000 · Navy Army Cmnty Cu
Jan 28, 2019
—
M & R Building Investment INC
—
Deed
related
$100,000 · Navy Army Cmnty Cu
Jul 6, 2017
—
M & R Building Investment INC
—
Deed
related
$2,550,000 · Kevin M Maraist
Apr 14, 2014
—
M & R Building Investment INC
G Leon Family Family Ptshp Ltd
Warranty Deed
$270,000 · G Leon Family Ptshp Ltd
Feb 6, 2009
—
G Leon Family Ptshp Ltd
Leon,guadalupe L & Maria D
Quit Claim Deed
$1,600,000 · First Victoria National Bank
Oct 23, 2007
—
Guadalupe L Leon
Corpus Christi Bay Area Fellow
Grant Deed
$1,350,000 · First Victoria National Bank
—
—
M & R Building Investment INC
—
Loan Modification
related
$100,000 · Navy Army Cmnty Cu
—
—
M & R Building Investment INC
—
Deed Of Trust
related
$100,000 · Navy Army Cmnty Cu
—
—
M & R Building Investments INC
—
Loan Modification
related
—
—
—
Guadalupe L Leon
—
Deed Of Trust
related
$1,350,000 · First Victoria National Bank
—
—
Guadalupe L Leon
—
Deed Of Trust
related
$250,000 · First Victoria 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.
Try Rey
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