Commercial Building For
For Sale
$1,390,000
1900 Springfield Ave, Laredo, TX 78040
Commercial building for sale, zoned B1.
Property Size5,229 SF
Days on Market218
Property Features for 1900 Springfield Ave
General Information
Standard status
Active
Size
5,229 SF
Property subtype
Office
Site & Location
Neighborhood
El Trompe
Building Details
Building Size
5,229 SF
Listing Agency:
Coldwell Banker Ana Ochoa & Company
Listed By:
Cindy E Cantu · License #0533143
(956) 235-7542
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 28 at 4:48AM
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 Ana Ochoa & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building is available for sale. The property is zoned B1.
Key Highlights
- Commercial Building for sale
- Zoned B1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,368
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,347,360
$1.3M
Cap Rate 7%
$962,400
$962.4K
Cap Rate 9%
$748,533
$748.5K
Market Conditions
NOI Build-Up for 5,229 SF
Gross rent
$109.8K $21.00/SF
− Vacancy
−$20.0K −$3.82/SF
EGI
$89.8K $17.18/SF
− OpEx
−$22.5K −$4.29/SF
NOI
$67.4K $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%
$1,347,360
Cap Rate 7%
$962,400
Cap Rate 9%
$748,533
Alternative Uses
Best Use
Office B
$962.4K
$842.1K – $1.12M
NOI $67,368 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,119 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 78040, TX
36,688
Population
13,567
Households
2.7
Avg Household Size
33
Median Age
9%
College-Educated
52%
High-School Grad
6.3 sq mi
ZIP Area
5,823
Density / Sq Mi
$35,742
Median Household Income
$24,729
Median Earnings
$881
Median Rent
$116,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial building for sale, zoned B1.
Where is this office building located?
The property is located at 1900 Springfield Ave Laredo, TX.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Commercial Building for sale; Zoned B1
