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    Property profile & analytics

    8601 Ih 37 Corpus Christi, TX 78409-3105

    • Office buildings
    • 24,552 SF
    • 23.95 lot acres
    OFF-MARKET
    Value Estimations
    $5,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6411399
    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

    • Office buildings

    Property Details for 8601 Ih 37

    Year built
    2010
    Lot size
    23.95 lot acres
    Property size
    24,552 SF
    Property type
    Office buildings
    APN
    8926-0001-0010
    APU
    892600010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,255,000
      6.5%
      $5,775,000
      7%
      $5,360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,077,000
      Market price range: $800k - $5.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.5343
    Latitude
    27.8249
    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
    $122,079
    $718,380
    $6,549,896
    $7,268,276
    -
    $718,380
    $6,549,896
    $7,268,276

    Comparable in this City

    • Value Estimation by Request
      288 SF

      8236 Stillwell Ln

      OFFICE BUILDING • 288 SF
      8236 Stillwell Ln, Corpus Christi, TX 78409
      View Details
    • Value Estimation
      $5,580,000
      141,800 SF

      8125 Up Riv Rd, Unit 1

      OFFICE BUILDING • 141,800 SF
      8125 Up Riv Rd, Corpus Christi, TX 78409-2902
      View Details
    • Value Estimation by Request
      9,450 SF

      6949 Leopard St

      OFFICE BUILDING • 9,450 SF
      6949 Leopard St, Corpus Christi, TX 78409-1705
      View Details
    • Value Estimation by Request
      1,100 SF

      8255 Leopard St, Unit 63

      OFFICE BUILDING • 1,100 SF
      8255 Leopard St, Corpus Christi, TX 78409-2232
      View Details
    • Value Estimation by Request
      540 SF

      7934 Bearden Dr, Unit 6

      OFFICE BUILDING • 540 SF
      7934 Bearden Dr, Corpus Christi, TX 78409-2003
      View Details
    • Value Estimation
      $690,000
      11,949 SF

      202 Corn Product Rd

      OFFICE BUILDING • 11,949 SF
      202 Corn Product Rd, Corpus Christi, TX 78409-1504
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Improved Land Ready For Construction

      4.26 acres with utilities and pad site dirtwork.
      7201 Sedwick Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing

      Improved Land Ready For Construction

      4.26 acres with utilities and pad site dirtwork.
      1113 Southern Minerals Rd, Corpus Christi, TX 78409
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    • $699,000
      30.00 Acres

      30 Acres Near Corpus Christi Airport

      30 acres of unimproved land near the airport.
      Sedwick Rd, Corpus Christi, TX 78409
      View Details
    • $421,660

      High-Traffic Corpus Christi Corner Lot

      Prime Commercial Land, 42,166 SF
      6058 Leopard St, Corpus Christi, TX 78409
      View Details
    • $1,089,000
      60.50 Acres

      Union Square Creative Office Loft

      1,500 sq ft Loft, Sunny & Stylish
      1510 Clarkwood Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing

      Corpus Christi Industrial Market Property

      Industrial property with easy access to Interstate 37.
      6701 Leopard St, Corpus Christi, TX 78409
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,125 SF

      Office Space with Great Visibility

      Office space for rent with signage and ample parking.
      1313 Corn Product Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing
      3,625 SF

      Refinery Road Office Spaces Available

      Four office spaces available near IH-37 and Rand Morgan.
      9359 Ih 37, Corpus Christi, TX 78409
      View Details
    • $12,500 /Mo
      12,000 SF

      Industrial Warehouse with Cranes For Lease

      12,000 SF industrial building with cranes and fenced yard.
      7302 Leopard St, Corpus Christi, TX 78409
      View Details
    • Contact for pricing
      11,844 SF

      Corpus Christi Industrial Warehouse

      11,844 SF Warehouse, Nueces County, TX
      1314 Spindletop Rd 2, Corpus Christi, TX 78409
      View Details
    • Contact for pricing
      1,655,280 SF

      Corpus Christi Industrial Land

      Prime Industrial Land: Lease, Buy, or Build
      7626 Roughneck Rd, Corpus Christi, TX 78409
      View Details
    • Contact for pricing
      11,844 SF

      Cathead Road Warehouse For Lease

      New Industrial Warehouse, Ready November
      1222 Cathead Rd, Corpus Christi, TX 78409
      View Details
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    8601 Ih 37
    Corpus Christi, TX 78409-3105
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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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