Duplex
For Sale
Contact for pricing
801 OKANE ST, Laredo, TX 78040
Duplex building in central Laredo with easy access to IH-35 and Loop 20, near major schools, dining, and shopping.
Property Size3,691 SF
Price / SF$115.14
Days on Market54
Property Features for 801 OKANE ST
General Information
Standard status
Active
Size
3,691 SF
Class
C
Property subtype
Multifamily
Zoning
R-2
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$36,576
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
ReMax Commercial
Listed By:
Hector Alaniz · License #TX 0682988
(956) 286-0030
Source:
Crexi
Added: Jul 23
Changed: Sep 11
Last Checked: Sep 14 at 7:51AM
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 ReMax Commercial
Investment Insights
Based on property information with market context.
Duplex building at 801 Okane St in Laredo, TX, built in 1989. The property is approximately 3,691 SF and is positioned for practical day-to-day access to area amenities.
The location offers easy access to IH-35 and Loop 20. It is also close to multiple elementary schools, with Martin High School and Nixon High School nearby. Residents and tenants benefit from proximity to restaurants and shopping centers in the surrounding area.
With a duplex layout and established construction dating to 1989, this property may be well suited for buyers seeking a residential income asset in a connected, amenity-oriented part of Laredo.
The location offers easy access to IH-35 and Loop 20. It is also close to multiple elementary schools, with Martin High School and Nixon High School nearby. Residents and tenants benefit from proximity to restaurants and shopping centers in the surrounding area.
With a duplex layout and established construction dating to 1989, this property may be well suited for buyers seeking a residential income asset in a connected, amenity-oriented part of Laredo.
Key Highlights
- Built in 1989
- Approximately 3,691 SF duplex building
- Easy access to IH‑35
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,981
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,620
$659.6K
Cap Rate 7%
$471,157
$471.2K
Cap Rate 9%
$366,456
$366.5K
Market Conditions
NOI Build-Up for 3,691 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.9K $13.80/SF
− Vacancy
−$3.8K −$1.04/SF
EGI
$47.1K $12.77/SF
− OpEx
−$14.1K −$3.83/SF
NOI
$33.0K $8.94/SF
Area
Laredo, TX
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$659,620
Cap Rate 7%
$471,157
Cap Rate 9%
$366,456
Alternative Uses
Best Use
Multifamily LT 5
$471.2K
$412.3K – $549.7K
NOI $32,981 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$415.2K
$363.3K – $484.4K
NOI $29,061 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$908.7K
$795.2K – $1.06M
NOI $63,612 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex building in central Laredo with easy access to IH-35 and Loop 20, near major schools, dining, and shopping.
Where is this duplex located?
The property is located at 801 OKANE ST Laredo, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Built in 1989; Approximately 3,691 SF duplex building; Easy access to IH‑35
