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    Property profile & analytics

    921 N Chaparral St, Unit 100 Corpus Christi, TX 78401

    • Office buildings
    • 14,095 SF
    • 0.54 lot acres
    For Lease
    View listing
    $3,200 /Mo
    Last Sale
    Jul 17, 2020
    Value Estimations
    $710,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4497975
    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

    • Downtown Corpus Christi / Tour Operator
    • ARH Technology Services Group / Corporate Office
    • Lucille Williams, PHD / Counselor / Psychologist
    • Rotary Club Headquarters / Charitable Organization / Social Service Agency
    • Law Office of Emmett R. Reyes, PLLC / Law Firm

    Property Details for 921 N Chaparral St

    Year built
    1926
    Lot size
    0.54 lot acres
    Property size
    14,095 SF
    Zone code
    B-6
    Property type
    Office buildings
    APN
    0540-0023-0030
    APU
    54000230030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $981,000
      Market price range: $423k - $1.55M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $940,000
      Current use
      RETAIL STORES
      $1,065,000
      Change: +13% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,030,000
      Change: +10% Conversion: Easy
      RESTAURANT
      $805,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.3943
    Latitude
    27.8002
    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
    $26,911
    $284,700
    $875,784
    $1,160,484
    -
    $284,700
    $875,784
    $1,160,484

    Comparable in this City

    • Value Estimation by Request
      576 SF

      909 Staples St

      OFFICE BUILDING • 576 SF
      909 Staples St, Corpus Christi, TX 78401-1832
      View Details
    • Value Estimation by Request
      384 SF

      624 Staples St

      OFFICE BUILDING • 384 SF
      624 Staples St, Corpus Christi, TX 78401-3335
      View Details
    • Value Estimation
      $3,635,000
      213,975 SF

      600 Leopard St

      OFFICE BUILDING • 213,975 SF
      600 Leopard St, Corpus Christi, TX 78401-0499
      View Details
    • Value Estimation
      $4,655,000
      280,744 SF

      539 Carancahua St, Unit 10

      OFFICE BUILDING • 280,744 SF
      539 Carancahua St, Corpus Christi, TX 78401-0999
      View Details
    • Value Estimation
      $2,005,000
      70,000 SF

      223 Chaparral St

      OFFICE BUILDING • 70,000 SF
      223 Chaparral St, Corpus Christi, TX 78401-2503
      View Details
    • Value Estimation by Request
      687 SF

      717 Coleman Ave

      OFFICE BUILDING • 687 SF
      717 Coleman Ave, Corpus Christi, TX 78401-3414
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,600 SF

      Downtown Corpus Christi Redevelopment Opportunity

      Historical building in downtown Corpus Christi with redevelopment potential.
      301 N Mesquite St, Corpus Christi, TX 78401
      View Details
    • $2,399,000
      40,000 SF

      Downtown Corpus Christi Commercial Property

      40,000 sq ft commercial building in downtown Corpus Christi.
      404-410 N Chaparral St, Corpus Christi, TX 78401
      View Details
    • $750,000
      4,000 SF

      Panoramic Bay View Office Space

      Move-in ready office space with stunning bay and skyline views.
      1525 N Shoreline Blvd, Corpus Christi, TX 78401
      View Details
    • $2,900,000
      21,000 SF

      Downtown Office Building For Sale

      21,000 SF office space in downtown Corpus Christi.
      325 N Mesquite St, Corpus Christi, TX 78401
      View Details
    • $350,000
      2,793 SF

      Rebuilt Gem in Corpus Christi

      Commercial building with residential features, rebuilt with high-end finishes.
      618 Staples St, Corpus Christi, TX 78401
      View Details
    • $1,200,000
      7,800 SF

      Corpus Christi Office Building

      Prime location, high occupancy, strong NOI.
      1024 Leopard St, Corpus Christi, TX 78401
      View Details

    Similar Nearby for Lease

    • $5,100 /Mo
      2,248 SF

      Downtown Corpus Christi Commercial Space

      Versatile commercial space in revitalized downtown Corpus Christi. High foot traffic.
      605 N Mesquite St, Corpus Christi, TX 78401
      View Details
    • $9 SF/Yr
      8,000 SF

      Corpus Christi Office Duplex

      8,000 SF Office Space, Two Suites Available
      827 Tancahua St, Corpus Christi, TX 78401
      View Details
    • $2,100 /Mo
      908 SF

      Downtown Retail/Office Space Available

      Versatile 908 SF space in luxury mixed-use Cosmopolitan Apartments.
      401 N Chaparral St, Corpus Christi, TX 78401
      View Details
    • Contact for pricing
      4,610 SF

      Office Space with Excellent Parking

      Office space available with full services and 24/7 access.
      210 N Carancahua St, Corpus Christi, TX 78401
      View Details
    • $24 SF/Yr
      80,000 SF

      Bay Building: Downtown Corpus Christi Office

      Prime Downtown Corpus Christi Office Space
      101 Shoreline Blvd, Corpus Christi, TX 78401
      View Details
    • $3,200 /Mo
      14,095 SF

      Functional Office Suite in Corpus

      Well-appointed office suite with functional layout in historic building.
      921 N Chaparral St, Corpus Christi, TX 78401
      View Details
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    Corpus Christi, TX 78401
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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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