Mixed-Use Commercial
401 Stewart St, Laredo, TX 78040
For Sale
Contact for pricing
B-1 zoning and existing food-service infrastructure support a range of commercial configurations.
Property Size1,960 SF
Lot Size0.28 Acres
Price / SF$237.24
Days on Market38
Property Features for 401 Stewart St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Buildings
Listing Agency:
Immobilier Commercial
Listed By:
Jorge Ramos · License TX #691388
Source:
Crexi
Added: Oct 7
Changed: Nov 12
Last Checked: Nov 12 at 8:27AM
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 Immobilier Commercial
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Investment Insights
Based on property information with market context.
The property contains 1,960 square feet of rentable area on a 12,404-square-foot lot. Its interior has an open layout, and existing infrastructure is suited to food service. The space was previously configured for restaurant use and may also accommodate retail, a church, or a party venue.
The building is near Clark Blvd in central Laredo, with access to surrounding streets and established business districts. Nearby uses include retail, services, restaurants, automotive businesses, offices, and residential neighborhoods.
The building is near Clark Blvd in central Laredo, with access to surrounding streets and established business districts. Nearby uses include retail, services, restaurants, automotive businesses, offices, and residential neighborhoods.
Key Highlights
- 1,960 square feet of rentable area
- 12,404‑square‑foot lot
- B‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,337
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,740
$406.7K
Cap Rate 7%
$290,529
$290.5K
Cap Rate 9%
$225,967
$226.0K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$31.8K $16.20/SF
− Vacancy
−$2.7K −$1.38/SF
EGI
$29.1K $14.82/SF
− OpEx
−$8.7K −$4.45/SF
NOI
$20.3K $10.38/SF
Area
Laredo, TX
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,740
Cap Rate 7%
$290,529
Cap Rate 9%
$225,967
Alternative Uses
Best Use
Retail
$290.5K
$254.2K – $339.0K
NOI $20,337 @ 7.0% cap · market cap 4.37%
Second Best
Mixed Use
$275.6K
$241.1K – $321.5K
NOI $19,290 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$482.6K
$422.2K – $563.0K
NOI $33,779 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-1 zoning and existing food-service infrastructure support a range of commercial configurations.
Where is this mixed-use property located?
The property is located at 401 Stewart St Laredo, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,960 square feet of rentable area; 12,404‑square‑foot lot; B‑1 zoning
