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    Mixed-Use Retail and Apartment Property Title is generated by Realmo AI

    1402 Zaragoza St, Laredo, TX 78040

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    For Sale
    $700,000

    SINGLE_FAMILY - Laredo, TX

    Type:Retail
    Property size:
    6,416 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $109/SF
    Added:
    Mar 11, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 1402 Zaragoza St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    01 Western Division - S o
    Parking features
    Offsite, Garage
    Standard status
    Active
    Size
    6,416 SF
    Lot size
    0.08 Acres

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Flooring type
    Concrete
    Building materials
    Block, Stucco

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    Listing Contact
    Elizabeth Urbina

    Listing agent Elizabeth Urbina License #0604644

    Listing office BDBG Real Estate Group 8765 Augusta Lp, Laredo, TX

    Listing date Mar 11, 2026

    MLS# 20261203

    Copyright © 2026 Laredo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 20‑unit tenant‑occupied mixed use property at 1402 Zaragoza St, Laredo, TX
    • Downstairs features 3 retail/storefront spaces with approx. 3,208 sq ft and a shared basement approx. 1,800 sq ft
    • Upstairs residential apartment dwellings include 17 units with approx. 3,208 sq ft
    • Property includes public water service; flooring is concrete
    • Construction materials include block and stucco; cooling is via window unit(s)
    • Parking includes a garage plus offsite parking

    Overview

    This for-sale property is a tenant-occupied mixed-use building with retail storefront space on the lower level and residential apartment units on the upper level. The retail portion includes three storefronts, and the building also has a basement area that supports additional usable space. The residential component consists of 17 apartment units.

    The property is located at 1402 Zaragoza St. in Laredo, Texas. It is across the street from the Outlett Shopps Of Laredo, placing the retail component in a center-facing context.

    For investors or owner-operators, the current configuration offers an income stream backed by long-term occupancy, with both ground-floor retail and upstairs residential units under one ownership structure. Buyers looking for a mixed-use setup may find the combined retail storefronts and multiple residential units useful for diversified tenanting, while tenants seeking access to retail-ready space and apartment living have compatible uses within the same property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gusgos Snack Bar & Pub Frutería El Mercadito Specialty Food Shop Farmer's Market Specialty Food Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Rialto Hotel-Laredo — 1219 Matamoros St, Laredo, TX 78040
    • Magnolia Reserved & Events — 904 Market St, Laredo, TX 78040
    • Splash Party Zone — 1220 Guatemozin St, Laredo, TX 78040
    • Salon de Eventos — 416 Iturbide St, Laredo, TX 78040
    • LaQuinta Inn & Suites — 1299-1201 Iturbide St, Laredo, TX 78040

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.509575
    Latitude
    27.502378

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    FAQs

    What type of property is this?
    Motel - Tenant-occupied mixed-use building with multiple retail storefronts and residential apartment units.
    Where is this motel located?
    The property is located at 1402 Zaragoza St Laredo, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 20‑unit tenant‑occupied mixed use property at 1402 Zaragoza St, Laredo, TX; Downstairs features 3 retail/storefront spaces with approx. 3,208 sq ft and a shared basement approx. 1,800 sq ft; Upstairs residential apartment dwellings include 17 units with approx. 3,208 sq ft
    (956) 645-8567
    We can help!
    Listing Contact
    Elizabeth Urbina
    Real Estate License ID: 0604644
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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.

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