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    8033 Padre Is Dr Corpus Christi, TX 78412-5238
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    Property profile & analytics

    8033 Padre Is Dr, Corpus Christi, TX 78412-5238

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    • Specialty properties
    • 195,429 SF
    • 11.32 lot acres
    Off-Market
    Property ID
    US82-3937240
    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.
    Value Estimations
    $6,275,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The MP4 Center / Video Editing Service
    • Aptitude Solution / Consultant
    • Harbour Landing Apartments / Apartment Complex / Apartment Building
    • Saved you a seat / Production Facility / Furniture & Home Goods

    Property Details for 8033 Padre Is Dr

    Year built
    1986
    Lot size
    11.32 lot acres
    Zone code
    A-2
    Property type
    Specialty properties
    APN
    6534-0005-0021
    APU
    653400050021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2023 — Spectrum Gulf Coast LLC Kastle Harbour Landing LLC Agreement Of Sale —
    May 15, 2017 — South Padre 8033 LLC Cottonwood Cap Prop Mgmt II Ll Grant Deed $16.8M · Cbre Cap Markets
    Mar 4, 2008 — Nnn Harbour Landing 10 LLC Nnn Harbour Landing LLC Quit Claim Deed · related —
    Dec 14, 2007 — Nnn Harbour Landing 26 LLC Nnn Harbour Landing LLC Quit Claim Deed —
    Nov 15, 2007 — Nnn Harbour Landing 10 LLC Nnn Harbour Landing LLC Quit Claim Deed —
    Oct 22, 2007 — Nnn Harbour Landing 1 LLC Nnn Harbour Landing LLC Quit Claim Deed —
    Aug 1, 2007 — Nnn Harbour Landing LLC Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $7,605,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3275
    Latitude
    27.6839
    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
    $597,846
    $1,479,297
    $26,130,609
    $27,609,906
    -
    $1,479,297
    $26,130,609
    $27,609,906

    Comparable in this City

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      $560,000
      29,142 SF

      4502 Gaines St

      FUNERAL HOME
      4502 Gaines St, Corpus Christi, TX 78412
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    • Value Estimation
      $5,425,000
      227,453 SF

      2006 Airline Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2006 Airline Rd, Corpus Christi, TX 78412-4625
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    • Value Estimation by Request
      3,176 SF

      7010 Padre Is Dr

      VETERINARY, ANIMAL HOSPITAL
      7010 Padre Is Dr, Corpus Christi, TX 78412-4916
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    • Value Estimation
      $1,825,000
      81,680 SF

      1901 Rodd Fld Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1901 Rodd Fld Rd, Corpus Christi, TX 78412-5058
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    • Value Estimation
      $4,190,000
      199,126 SF

      5445 Alameda St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      5445 Alameda St, Corpus Christi, TX 78412-3227
      View Details
    • Value Estimation by Request
      1,960 SF

      1305 Woodlawn Dr

      CHARITABLE ORGANIZATION
      1305 Woodlawn Dr, Corpus Christi, TX 78412-4022
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oceanfront Land on Ocean Drive

      Rare oceanfront land with development potential near downtown Corpus Christi.
      4402 Ocean Dr, Corpus Christi, TX 78412
      View Details
    • $550,000
      0.63 Acres

      Ocean Drive Homesite Opportunity

      Spacious homesite with water views in desirable Corpus Christi neighborhood.
      5625 Ocean Dr, Corpus Christi, TX 78412
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    • $275,000
      2,658 SF

      Commercial Space on Busy Street

      Commercial space suitable for bar or new business venture.
      6327 Mcardle Rd, Corpus Christi, TX 78412
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    • $1,500,000
      0.36 Acres

      Ocean Drive Waterfront Land

      Prestigious waterfront lot on Ocean Drive for custom home.
      5830 Ocean Dr, Corpus Christi, TX 78412
      View Details
    • Contact for pricing

      Waterfront Land on South Padre

      Waterfront land with frontage on South Padre Island Drive.
      8402 S Padre Island Dr, Corpus Christi, TX 78412
      View Details
    • $1,500,000
      0.91 Acres

      Prime Land with Million Dollar View

      Land with million-dollar view, perfect for building a dream home.
      5642 Ocean Dr, Corpus Christi, TX 78412
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    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Space Available

      Newly constructed office building with space for lease.
      2051 Rodd Field Rd, Corpus Christi, TX 78412
      View Details
    • Contact for pricing
      912 SF

      Remodeled Office Space, Southside Location

      Newly remodeled office space in Corpus Christi's growing South Side.
      5656 S Staples St, Corpus Christi, TX 78412
      View Details
    • Contact for pricing
      25,000 SF

      Retail Redevelopment at Staples & Everhart

      Retail and restaurant spaces available in Corpus Christi redevelopment.
      4220-4222 S Staples St, Corpus Christi, TX 78412
      View Details
    • Contact for pricing

      Land on South Padre Island

      Land with frontage on South Padre Island Drive.
      1645 Airline Rd, Corpus Christi, TX 78412
      View Details
    • Contact for pricing
      1,625 SF

      Retail/Office/Medical Space Available

      1,625 SF space suitable for retail, office, or medical use.
      5945 Mcardle Rd, Corpus Christi, TX 78412
      View Details
    • Contact for pricing
      6,192 SF

      Retail Space in Town & Country

      Established retail center with high traffic and great visibility.
      4200-4250 S Alameda St, Corpus Christi, TX 78412
      View Details
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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.

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