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$499,328

NAL Estimated Property Value

1402 Rodd Field, Corpus Christi, TX, 78412

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths4,545 Sq Ft
IndustrialIndustrial
price_per_sqft$396.04 / sqft
Year BuiltBuilt in 1978

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size24,916 sqft

Building Information

Year Built1978
Roof Type172

Land Information

APN3830-0001-0016
Lot Number1
SubdivisionJoslin Tract
Land UseCommercial
Legal DescriptionJOSLIN TRACT LT 1-D BK A
Census Tract002707
Assessed Land Value$119,520
Assessed Improvement Value$379,808
Assessment Year2025

About this property

Introducing an incredible investment opportunity, the well-established and beloved neighborhood bar, "The Tavern". This thriving hotspot sits on half an acre of prime commercial land with a 4,545 sq ft building that’s been thoughtfully improved and maintained, offering both charm and potential for continued growth. Known for its laid-back atmosphere and loyal local following, The Tavern boasts high ratings and glowing reviews from patrons who rave about the friendly staff, cold drinks, and welcoming vibe. Customers describe it as their favorite place to unwind, with highlights like a great jukebox, pool tables, and an unbeatable community feel.The building includes a newly added enclosed patio deck that expands seating and entertainment options, a secure liquor storage room, a large private office, and a functional kitchen space currently used for pizza service. It also features a walk-in freezer, supporting high-volume operations or expanded food offerings. One unique bonus is the back apartment with a full tub and shower, ideal for an on-site manager or extra rental income. With its strong brand recognition, turn-key functionality, and versatile layout, this property is perfect for investors looking to step into an established business or reposition the space for a fresh concept. Whether you continue the legacy of The Tavern or take it in a new direction, the bones are here for something special. Opportunities like this in such a prime location don’t come often. Ready to invest in one of Corpus Christi's neighborhood favorites? *****DO NOT UNDER ANY CIRCUMSTANCES DISRUPT BUSINESS OR BUSINESS OWNER ******

Investor Tools

Property Icon
$499,328
Estimated Property Value
$609,082Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,800 /month
Positive
Cash Flow Estimate:
$3,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,113/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,858
$499,328
2025
$119,520
$379,808
$499,328
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,858
$499,328

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Estate Of Bobby L Morris
Purchase Money Mortgage
$620,000
No
First
Apr 8, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$609,082
N/A
0%
122%
$3,718/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Corpus Christi

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1402 Rodd Field | Property Details | No Agent List