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    1209 Iturbide St Laredo, TX 78040

    Sponsored
    For Sale
    Contact for pricing

    Income-producing retail space, expansion potential.

    Property size:
    5,286 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Laredo, Texas commercial property at 1209 Iturbide St, offers a unique investment opportunity. The 5,286 square foot property is zoned for retail use and currently features two ground-floor retail stores. An additional upstairs unit, offering one bedroom and one and a half bathrooms, provides separate income potential with its private entrance. The property also includes substantial warehouse space, ideal for storage or conversion into an additional rental unit, significantly increasing revenue streams. Its strategic location, just one block from Bridge I and half a block from Convent, ensures high visibility and accessibility, attracting a substantial customer base. This prime location in Webb County, Texas, zip code 78040, presents a rare chance to acquire a versatile commercial property with immediate income generation and significant upside potential for expansion and diversification. The property's existing infrastructure and ample space offer flexibility for various business ventures. This is an excellent opportunity for investors seeking a strong return on investment in a thriving Texas market. The asking price is to be determined.

    Property Features for 1209 Iturbide St

    General Information

    Property type
    Land
    Square Feet
    5,286 SF

    HighLights

    • 5,286 square foot retail property in Laredo, Texas.
    • Features two ground‑floor retail stores and a one‑bedroom, 1.5‑bathroom upstairs unit with a separate entrance.
    • Includes substantial warehouse space.
    • Prime location one block from Bridge I and half a block from Convent in Webb County, TX (78040).
    • Offers immediate income and significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Cell Phone Store Cricket Wireless Authorized ... Cell Phone Store Royal Perfumes International Perfume Store HERBALIFE Nutrition Nutritionist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.5080409
    Latitude
    27.5033407

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    FAQs

    What type of property is this?
    Land - Income-producing retail space, expansion potential.
    Where is this land located?
    The property is located at 1209 Iturbide St Laredo, TX.
    What are key features of this property?
    This property features: 5,286 square foot retail property in Laredo, Texas.; Features two ground-floor retail stores and a one-bedroom, 1.5-bathroom upstairs unit with a separate entrance.; Includes substantial warehouse space.
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    1209 Iturbide St Laredo, TX 78040
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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.

    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
    1209 Iturbide St Laredo, TX 78040
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