Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Central Laredo Corner Property Title is generated by Realmo AI

    1600 Clark Blvd, Laredo, TX 78043

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile property on 1.77 acres, ideal for redevelopment.

    Type:Retail
    Property size:
    18,998 SF
    Lot size:
    1.77 Acres
    Price / SF:
    $103/SF
    Added:
    Apr 20, 2024
    Days on Market:
    764
    Last Refresh:
    May 12 at 9:19 pm

    Property Features for 1600 Clark Blvd

    General Information

    Standard status
    Active
    Size
    18,998 SF
    Lot size
    1.77 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1995

    We can help!

    Listing Contact
    Vicky Pineda, CCIM

    Listing agent Vicky Pineda, CCIM License #TX

    Listing office Coldwell Banker Commercial International Gateway

    Listing date Apr 20, 2024

    Source Crexi

    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 Coldwell Banker Commercial International Gateway

    HighLights

    • 1.7709 acre property on an entire city block.
    • High visibility hard corner location in central Laredo.
    • Approximately 18,998 sq ft of buildings including classrooms, offices, and a converted school gym.
    • Suitable for business or multi‑family complex development.
    • Plenty of parking available.
    • Built in 1995.

    Overview

    Located on a hard corner spanning an entire city block in central Laredo, this property currently functions as a church and formerly operated as a school. The site includes classrooms, offices, a converted school gymnasium, and a large storage facility, complemented by ample parking space. The land area encompasses 1.7709 acres, with the buildings providing approximately 18,998 square feet of space. Benefiting from high-visibility traffic at the intersection, the location is positioned near a substantial residential customer base. This property presents an ideal opportunity for various business ventures or a multi-family complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.480075
    Latitude
    27.517055

    Nearby Similar for Sale

    • $300,000

      Warehouse with Office and Canopy

      Warehouse with office space and covered canopy in Laredo.
      2805 Salinas Ave, Laredo, TX 78040
      View Details
    • $300,000
      2,250 SF

      Laredo Retail Investment Opportunity

      Income-producing commercial unit in high-traffic Laredo corridor.
      620 W Calton Rd, Laredo, TX 78041
      View Details
    • $1,300,000

      Downtown Laredo Redevelopment Opportunity

      Redevelopment opportunity in Laredo's historic and cultural corridor.
      800 Juarez Ave, Laredo, TX 78040
      View Details
    • $345,000

      Prime Land on Mines Road

      11.75 acres ideal for industrial or investment use.
      Mines Rd, Laredo, TX 78045
      View Details
    • $700,000

      Mixed-Use Retail & Motel Investment

      Tenant-occupied mixed-use property with retail and residential units for sale.
      1402 Zaragoza St, Laredo, TX 78040
      View Details
    • $350,000

      Income Producing Multifamily Investment

      Multifamily 8-unit property in Laredo, TX, 100% tenant occupied.
      319 Hidalgo St, laredo, TX 78040
      View Details
    • $470,000

      Retail Space in Laredo, TX

      Retail space available for purchase in Laredo, Texas.
      2720 Zacatecas St, Laredo, TX 78046
      View Details
    • $472,000

      Ranch Land Near Loop 20

      55.44 acres of ranch land with outdoor activity potential.
      2397 Ranch Road 6092E, Laredo, TX 78046
      View Details
    • $480,000

      Laredo Commercial Land For Sale

      3 acres of commercial land with high visibility and access.
      993 Rancho Penitas Rd, LAREDO, TX 78045
      View Details
    • $1,100,000

      Laredo Industrial Land For Sale

      Industrial land in North Laredo, ideal for transportation/logistics.
      115 North America Rd., Laredo, TX 78045
      View Details
    • $1,200,000

      Warehouse on 10 Acres

      Warehouse on 10 acres in north Webb County, Texas.
      251 Garza Jones Ln., Lared, TX 78045
      View Details
    • $300,000

      Laredo Triplex with Gated Access

      One-story triplex with three units, gated access, and parking.
      2016 S India Ave, Laredo, TX 78046
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Versatile property on 1.77 acres, ideal for redevelopment.
    Where is this church & religious facility located?
    The property is located at 1600 Clark Blvd Laredo, TX.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: 1.7709 acre property on an entire city block.; High visibility hard corner location in central Laredo.; Approximately 18,998 sq ft of buildings including classrooms, offices, and a converted school gym.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Vicky Pineda, CCIM
    Real Estate License ID: TX
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1600 Clark Blvd, Laredo, TX 78043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!