Laredo Office Space For
For Sale
Contact for pricing
1402 Corpus Christi St, Laredo, TX
Office space available in Laredo, Texas, with 3347 square feet.
Property Size3,347 SF
Lot Size0.29 Acres
Price / SF$194.20
Days on Market795
Property Features for 1402 Corpus Christi St
General Information
Standard status
Active
Size
3,347 SF
Lot size
0.29 Acres
Property subtype
OFFICE
Listing Agency:
Keller Williams Real Estate - Laredo
(956) 236-8598
Listed By:
James Villarreal · License #0706638
(956) 797-7670
Source:
Moodyscre
Added: Aug 13, 2024
Changed: Aug 14
Last Checked: Apr 11 at 6:37PM
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 Keller Williams Real Estate - Laredo
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property offers office space in Laredo, Texas. The building provides a total of 3347 square feet of space suitable for office use.
Key Highlights
- Office space available, perfect for your business needs.
- Located in Laredo, Texas.
- Offers 3347 square feet of space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,121
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,420
$862.4K
Cap Rate 7%
$616,014
$616.0K
Cap Rate 9%
$479,122
$479.1K
Market Conditions
NOI Build-Up for 3,347 SF
Gross rent
$70.3K $21.00/SF
− Vacancy
−$12.8K −$3.82/SF
EGI
$57.5K $17.18/SF
− OpEx
−$14.4K −$4.29/SF
NOI
$43.1K $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%
$862,420
Cap Rate 7%
$616,014
Cap Rate 9%
$479,122
Alternative Uses
Best Use
Office B
$616.0K
$539.0K – $718.7K
NOI $43,121 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$824.1K
$721.1K – $961.4K
NOI $57,684 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office space available in Laredo, Texas, with 3347 square feet.
Where is this office units located?
The property is located at 1402 Corpus Christi St Laredo, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Office space available, perfect for your business needs.; Located in Laredo, Texas.; Offers 3347 square feet of space.
