Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Del Mar Blvd. & Mcpherson Ave Laredo, TX 78045
    Back to Search
    Property profile & analytics

    Del Mar Blvd. & Mcpherson Ave, Laredo, TX 78045

    View on Map
    • Retail properties & Spaces
    • 137,177 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Del Mar Blvd. & Mcpherson Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Plantation Centre offers exceptional executive office space in Laredo, Texas, within a vibrant retail environment. This multi-tenant building boasts a total of 137,177 square feet, with 9,863 square feet currently available for lease. Individual suites range from a minimum of 750 square feet to a maximum contiguous space of 4,503 square feet, providing flexibility for businesses of various sizes. The property features a total of four suites. Its strategic location at the intersection of Del Mar Boulevard and McPherson Road ensures high visibility and accessibility, benefiting from the significant draw of the adjacent HEB grocery store, a leading retailer in Laredo. This location is ideally situated to serve the growing, affluent neighborhoods in northern Laredo. Ample parking is available with 767 spaces provided for tenants and customers. The property is located in Webb County. The attractive exterior design complements the center's prime location, making it an excellent opportunity for businesses seeking a high-profile presence in a thriving retail area. Interested parties are encouraged to explore the available space and its potential to contribute to their business success. A virtual tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.4726
    Latitude
    27.5751

    Comparable in this City

    • Value Estimation by Request
      240,491 SF

      San Dario Ave. & Del Mar Blvd

      Shopping centers
      0 San Dario Ave. & Del Mar Blvd, Laredo, TX 78045
      View Details
    • Value Estimation
      $1,000,000
      32,395 SF

      7807 San Dario Ave

      RETAIL STORES (PERSONAL SERVICES)
      7807 San Dario Ave, Laredo, TX 78045-7275
      View Details
    • Value Estimation by Request
      8,400 SF

      9816 Mines Rd

      RETAIL STORES (PERSONAL SERVICES)
      9816 Mines Rd, Laredo, TX 78045
      View Details
    • Value Estimation by Request
      12,328 SF

      10810 International Blvd

      RETAIL STORES (PERSONAL SERVICES)
      10810 International Blvd, Laredo, TX 78045-6624
      View Details
    • Value Estimation
      $660,000
      25,200 SF

      7605 San Dario Ave

      RETAIL STORES (PERSONAL SERVICES)
      7605 San Dario Ave, Laredo, TX 78045-7273
      View Details
    • Value Estimation by Request
      17,495 SF

      920 Pellegrino Ct

      RETAIL STORES (PERSONAL SERVICES)
      920 Pellegrino Ct, Laredo, TX 78045-8457
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,884 SF

      Versatile Commercial Space Available

      Adaptable commercial space with high-traffic location and finish-out allowance.
      12602 Mines Rd, Laredo, TX 78045
      View Details
    • Contact for pricing
      20,350 SF

      Retail Property on San Dario

      Retail property available for sale on San Dario Avenue.
      8919 San Dario Ave, Laredo, TX 78045
      View Details
    • Contact for pricing

      Industrial Land with Office

      Industrial land for sale with office under construction.
      22324 Sulfur Mine Rd, Laredo, TX 78045
      View Details
    • Contact for pricing
      8,005 SF

      Office Buildings Portfolio For Sale

      Three office buildings in Las Canteras Business Park.
      10410 Medical Loop, Laredo, TX 78045
      View Details
    • Contact for pricing
      28,643 SF

      Laredo Office Buildings Portfolio

      Three office buildings for sale in Laredo, Texas.
      2439 Monarch Dr, Laredo, TX 78045
      View Details
    • Contact for pricing
      6,000 SF

      North Laredo Office Space Available

      Office space for sale in north Laredo, Texas.
      10410 Medical Lp, Laredo, TX 78045
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,011 SF

      Retail Space on Shiloh Drive

      Move-in ready retail space with frontage on Shiloh Drive.
      2101 Shiloh Dr, Laredo, TX 78045
      View Details
    • Contact for pricing
      2,453 SF

      Retail Space in Plantation Centre

      Retail space available in a shopping center anchored by HEB.
      7807-7811 Mcpherson Rd, Laredo, TX 78045
      View Details
    • Contact for pricing
      1,794 SF

      Retail Space on Bob Bullock

      Retail spaces available in high-growth area near Loop 20.
      2119 Shiloh Dr, Laredo, TX 78045
      View Details
    • Contact for pricing
      1,825 SF

      Retail Space in Plantation Centre

      Retail space available in a shopping center anchored by HEB.
      7815 Mcpherson Rd, Laredo, TX 78045
      View Details
    • Contact for pricing
      1,215 SF

      Retail Space Near Mall del Norte

      Retail space in a dominant Laredo power center.
      7309 E Del Mar Blvd, Laredo, TX 78045
      View Details
    • Contact for pricing

      Retail/Office Space Near Industrial Parks

      Retail and office units available for lease near IH 35.
      12602 Mines Rd, Laredo, TX 78045
      View Details
    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.
    Del Mar Blvd. & Mcpherson Ave
    Laredo, TX 78045
    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
    Del Mar Blvd. & Mcpherson Ave, Laredo, TX, 78045
    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!