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    Property profile & analytics

    Corpus Christi, TX 78414

    • Warehouses
    • 7,224 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Sep 21, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3579383
    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

    • Warehouses

    Property Details

    Year built
    1940
    Lot size
    0.68 lot acres
    Property size
    7,224 SF
    Property type
    Warehouses
    APN
    7463-0007-0010
    APU
    746300070010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.374
    Latitude
    27.6491
    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
    $5,420
    $88,518
    $165,779
    $254,297
    -
    $88,518
    $165,779
    $254,297

    Comparable in this City

    • Value Estimation
      $970,000
      54,600 SF

      5725 Patton St

      MINI-WAREHOUSE, STORAGE • 54,600 SF
      5725 Patton St, Corpus Christi, TX 78414-2424
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    • Value Estimation by Request
      840 SF

      5901 La Costa Dr

      WAREHOUSE, STORAGE • 840 SF
      5901 La Costa Dr, Corpus Christi, TX 78414-2407
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    • Value Estimation by Request
      5,400 SF

      5802 Wooldridge Rd

      WAREHOUSE, STORAGE • 5,400 SF
      5802 Wooldridge Rd, Corpus Christi, TX 78414-2402
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    • Value Estimation by Request
      17,696 SF

      5638 Wooldridge Rd

      MINI-WAREHOUSE, STORAGE • 17,696 SF
      5638 Wooldridge Rd, Corpus Christi, TX 78414
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    • Value Estimation by Request
      6,688 SF

      2810 Airline Rd

      WAREHOUSE, STORAGE • 6,688 SF
      2810 Airline Rd, Corpus Christi, TX 78414-3307
      View Details
    • Value Estimation
      $935,000
      32,099 SF

      6000 Yorktown Blvd

      WAREHOUSE, STORAGE • 32,099 SF
      6000 Yorktown Blvd, Corpus Christi, TX 78414-5803
      View Details

    Similar Nearby for Sale

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      Commercial Land in Corpus Christi

      Commercial land for office or retail in a growing area.
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    • $85,000
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      Residential Lot in Corpus Christi

      Southside lot ready for new construction, city utilities available.
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    • $995,000
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      Prime Land in Corpus Christi

      3.9 acres of commercial land in a rapidly growing area.
      3701 Airline Rd, Corpus Christi, TX 78414
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    • $2,900,000
      11.16 Acres

      Prime Commercial Land Available

      11.16 acres on Airline Rd, Corpus Christi.
      3538 Airline Rd, Corpus Christi, TX 78414
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    • Contact for pricing

      Commercial Lot Near Medical Complex

      Commercial land for sale near Corpus Christi Southside Medical Complex.
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      Prime Commercial Land For Sale

      3.01-acre commercial land in high-traffic Corpus Christi location.
      2448 Airline Rd, Corpus Christi, TX 78414
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    Similar Nearby for Lease

    • Contact for pricing
      32,099 SF

      Southside Industrial Warehouse For Lease

      Tilt wall industrial warehouse with large yard in Corpus Christi.
      6000 Yorktown Blvd, Corpus Christi, TX 78414
      View Details
    • Contact for pricing

      New Retail Space Available

      Modern design retail center with excellent sign exposure.
      5902 Yorktown Blvd, Corpus Christi, TX 78414
      View Details
    • Contact for pricing
      1,009 SF

      Retail Space at Saratoga Station

      Retail space available in a busy Corpus Christi location.
      5625 Saratoga Blvd, Corpus Christi, TX 78414
      View Details
    • New
      $10,500 /Mo
      8,410 SF

      New Event Center For Lease

      8,410 sq ft event center in prime Corpus Christi location.
      6606 Jefferson Rd, Corpus Christi, TX 78414
      View Details
    • $5,687 /Mo
      2,275 SF

      Retail Space in Corpus Christi

      Modern retail center in a high-traffic Corpus Christi location.
      5902 Yorktown Blvd, Corpus Christi, TX 78414
      View Details
    • Contact for pricing

      Retail Space Near Del Mar Campus

      First generation retail space with tenant buildout allowance.
      7001 Yorktown Blvd, Corpus Christi, TX 78414
      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.

    More about this property
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