Office Suite with Five
104 DEL CT, Laredo, TX 78041
For Sale
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The suite is leased through October 31, 2026, with a defined lease end date for an owner evaluating future occupancy.
Property Size2,513 SF
Price / SF$256.67
Days on Market29
Property Features for 104 DEL CT
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Lula Morales Realty
Listed By:
Lula Morales · License TX #396494
(956) 206-9094
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 3:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lula Morales Realty
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Investment Insights
Based on property information with market context.
Built in 1999, this 2,513-square-foot office suite includes a reception area, five offices, two bathrooms, a general office area, a utility room, and a coffee room. The suite is leased through October 31, 2026.
Key Highlights
- 2,513‑square‑foot office suite
- Five offices, reception area, and general office area
- Two bathrooms, utility room, and coffee room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,376
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,520
$647.5K
Cap Rate 7%
$462,514
$462.5K
Cap Rate 9%
$359,733
$359.7K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$52.8K $21.00/SF
− Vacancy
−$9.6K −$3.82/SF
EGI
$43.2K $17.18/SF
− OpEx
−$10.8K −$4.29/SF
NOI
$32.4K $12.88/SF
Area
Laredo, TX
Vacancy
18.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,520
Cap Rate 7%
$462,514
Cap Rate 9%
$359,733
Alternative Uses
Best Use
Office B
$462.5K
$404.7K – $539.6K
NOI $32,376 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$618.7K
$541.4K – $721.8K
NOI $43,310 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
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Business Placement
Demographics for 78041, TX
48,491
Population
16,760
Households
2.9
Avg Household Size
34
Median Age
28%
College-Educated
75%
High-School Grad
17.4 sq mi
ZIP Area
2,787
Density / Sq Mi
$61,007
Median Household Income
$29,739
Median Earnings
$956
Median Rent
$216,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite is leased through October 31, 2026, with a defined lease end date for an owner evaluating future occupancy.
Where is this office unit located?
The property is located at 104 DEL CT Laredo, TX.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 2,513‑square‑foot office suite; Five offices, reception area, and general office area; Two bathrooms, utility room, and coffee room
