Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2110 Lomas Del Sur Blvd Laredo, TX 78046
    Property profile & analytics

    2110 Lomas Del Sur Blvd, Laredo, TX 78046

    View on Map
    • Day care centers
    • 55,660 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 2110 Lomas Del Sur Blvd

    Year built
    2010
    Property type
    Day care centers
    Property subtype
    Lifestyle centers

    Description

    South Gate Plaza, a prominent two-story retail center in Laredo, Texas, presents a compelling investment opportunity. This 55,660 square foot property, situated on a 105,850 square foot lot at 2110 Lomas Del Sur Boulevard (zip code 78046), boasts a diverse tenant mix of 29 businesses across 46 units, including medical offices, a pharmacy, daycare, and various retail establishments. The center enjoys a 63% occupancy rate, reflecting its strong appeal within the community. Built in 2010, the single building features convenient amenities such as a sprinkler system, an elevator, and three stairways, ensuring accessibility and safety for tenants and patrons. Recent upgrades include a new roof, enhancing the property's longevity and curb appeal. Strategically located near Highway 83 (Zapata Highway) and Loop 20, South Gate Plaza benefits from excellent visibility and accessibility. The property is zoned B-3 and offers 150 parking spaces for ample customer convenience. The surrounding area is experiencing significant residential growth, promising increased foot traffic and future business opportunities. This well-established center represents a strong investment in a dynamic and expanding market.

    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
    -99.4745
    Latitude
    27.4635

    Comparable in this City

    • Value Estimation by Request
      27,167 SF

      2316 Zapata Hwy

      Neighborhood centers
      2316 Zapata Hwy, Laredo, TX 78046
      View Details
    • Value Estimation
      $1,350,000
      29,960 SF

      2402 Zapata Hwy

      SHOPPING CENTER, STRIP CENTER
      2402 Zapata Hwy, Laredo, TX 78046
      View Details
    • Value Estimation
      $590,000
      15,336 SF

      4415 Zapata Hwy

      SHOPPING CENTER, STRIP CENTER
      4415 Zapata Hwy, Laredo, TX 78046-8658
      View Details
    • Value Estimation by Request
      4,795 SF

      1920 Thurman St

      SHOPPING CENTER, STRIP CENTER
      1920 Thurman St, Laredo, TX 78046-8181
      View Details
    • Value Estimation by Request
      4,500 SF

      Us Hwy 83

      SHOPPING CENTER, STRIP CENTER
      Us Hwy 83, Laredo, TX 78046
      View Details
    • Value Estimation
      $510,000
      8,064 SF

      4910 Zapata Hwy

      SHOPPING CENTER, STRIP CENTER
      4910 Zapata Hwy, Laredo, TX 78046-8670
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,985 SF

      Freestanding Restaurant in High-Traffic Area

      Freestanding 4,985 SF restaurant on 0.89 AC for sale.
      1701 Norton St, Laredo, TX 78046
      View Details
    • $400,000

      609 Rancho Viejo Drive Laredo, TX 78046

      Commercial land
      609 Rancho Viejo Dr, Laredo, TX 78046
      View Details
    • Contact for pricing

      Land Ready for Development

      Land with utilities, driveway access, suitable for retail.
      and Cielito Lindo Cuatro Vientos Loop, Laredo, TX 78046
      View Details
    • Contact for pricing
      Pending

      Land Lots for Retail Development

      Platted lots ideal for retail and multi-family development.
      5391 Us Highway 83, Laredo, TX 78046
      View Details
    • $180,000
      4,464 SF

      Two-Unit Duplex Investment

      Two 2-bedroom, 1-bath units with washer/dryer connections and newer roof, with tenants paying electricity.
      104 Segovia Dr, Laredo, TX 78046
      View Details
    • $480,000

      Commercial Lot for Sale

      Large B-3 zoned commercial lot suitable for various developments.
      3510 South Urbahn Ave, Laredo, TX 78046
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      HEB-Anchored Shopping Center For Rent

      Retail space in Laredo's growing sector, near US-Mexico border.
      2316 S Zapata Hwy, Laredo, TX 78046
      View Details
    • Contact for pricing
      1,974 SF

      Renovated Office Space Available

      Move-in ready office suites with ample parking and high visibility.
      4151 Jaime Zapata Memorial Hwy, Laredo, TX 78046
      View Details
    • Contact for pricing
      1,479 SF

      Office/Retail Space For Lease

      Office/retail space available for lease in a high traffic area.
      3919 Jaime Zapata Memorial Hwy, Laredo, TX 78046
      View Details
    • Contact for pricing
      9,000 SF

      Warehouse and Office Space Available

      9,000 SF warehouse with office space for lease.
      214 Ranch Rd, Laredo, TX 78046
      View Details
    • Contact for pricing

      Commercial Pads for Lease

      Commercial pads available for various uses in Laredo, TX.
      Cuatro Vientos Rd, Laredo, TX 78046
      View Details
    • Contact for pricing

      Commercial Pads Available For Rent

      Pads available for QSR, auto, gas station, and medical uses.
      TX-20 Loop, Laredo, TX 78046
      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.
    2110 Lomas Del Sur Blvd
    Laredo, TX 78046
    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
    2110 Lomas Del Sur Blvd, Laredo, TX, 78046
    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!