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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Pappas St Laredo, TX 78041-1701

    • Medical offices
    • 35,829 SF
    • 14.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8595235
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lara Irma / Nurse Practitioner
    • Creager Gregory B MD / Psychiatrist
    • Ogechi Ohakwe / Nurse Practitioner
    • Dr. Myrna B. Tucker, MD / Psychiatrist
    • Dr. Marco Amadeo, MD / Geriatrician

    Property Details for 1500 Pappas St

    Year built
    1997
    Lot size
    14.23 lot acres
    Property size
    35,829 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    900-07801-030
    APU
    90007801030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,563,000
      Market price range: $1.19M - $2.56M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,865,000
      Current use
      RESTAURANT
      $3,120,000
      Change: +67% Conversion: Difficult
      RETAIL STORES
      $2,770,000
      Change: +48% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,520,000
      Change: +35% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.4772
    Latitude
    27.5376
    CBSA code
    29700
    CBSA name
    LAREDO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $1,072,658
    $10,296,215
    $11,368,873
    -
    $1,072,658
    $10,296,215
    $11,368,873

    Comparable in this City

    • Value Estimation
      $5,615,000
      66,567 SF

      1515 Pappas St

      MEDICAL BUILDING • 66,567 SF
      1515 Pappas St, Laredo, TX 78041-1705
      View Details
    • Value Estimation
      $1,155,000
      30,893 SF

      7105 Bartlett Aveext

      MEDICAL BUILDING • 30,893 SF
      7105 Bartlett Aveext, Laredo, TX 78041-6465
      View Details
    • Value Estimation by Request
      3,268 SF

      220 Hillside Rd Ste, Unit 5

      MEDICAL BUILDING • 3,268 SF
      220 Hillside Rd Ste, Laredo, TX 78041-6903
      View Details
    • Value Estimation
      $635,000
      11,706 SF

      1300 Saunders St

      MEDICAL BUILDING • 11,706 SF
      1300 Saunders St, Laredo, TX 78041-5832
      View Details
    • Value Estimation by Request
      6,552 SF

      6416 Polaris Dr

      MEDICAL BUILDING • 6,552 SF
      6416 Polaris Dr, Laredo, TX 78041-2088
      View Details
    • Value Estimation by Request
      7,995 SF

      6419 Polaris Dr

      MEDICAL BUILDING • 7,995 SF
      6419 Polaris Dr, Laredo, TX 78041-2090
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Laredo Executive Office Suite

      Turnkey Office Space, Shared Amenities
      107 Calle Del Norte, Laredo, TX 78041
      View Details
    • $730,000
      1.52 Acres

      Commercial Land on Highway 59

      High-visibility commercial land suitable for various business uses.
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      O'Reilly Auto Parts For Sale

      Corporate O’Reilly lease with a new 15-year term.
      302 W Calton Rd, Laredo, TX 78041
      View Details
    • $3,500,000
      4.42 Acres

      Commercial Land in LAREDO, TX

      4.416 acres of commercial land for sale in LAREDO.
      5508 E Saunders St, Laredo, TX 78041
      View Details
    • Contact for pricing

      Single Tenant Retail Opportunity

      Freestanding single tenant retail building for sale on McPherson Road.
      7515 Mcpherson Rd, Laredo, TX 78041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,013 SF

      Laredo Office Space: 3 Suites Available

      Prime Laredo location, multiple office suites.
      5700 Springfield Ave, Laredo, TX 78041
      View Details
    • $6,000 /Mo

      Commercial Space For Lease

      Commercial space with open floor plan in established corridor.
      2311 Saturn Dr, Laredo, TX 78041
      View Details
    • $875 /Mo

      Executive Office Space Available

      Executive office space for rent in North Laredo.
      107 Suite-2, Laredo, TX 78041
      View Details
    • Contact for pricing
      3,393 SF

      Laredo Office Space For Rent

      Office space available in central Laredo near Mall del Norte.
      6547 Star Ct, Laredo, TX 78041
      View Details
    • Contact for pricing
      4,549 SF

      McPherson Plaza Executive Suites

      Laredo Office Space: 4,549 sq ft Available
      5711 Mcpherson Rd, Laredo, TX 78041
      View Details
    • Contact for pricing
      156,962 SF

      Laredo Warehouse: 156,962 SF

      Class A Warehouse, Laredo, TX
      7842 Bob Bullock Loop, Laredo, TX 78041
      View Details
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    1500 Pappas St
    Laredo, TX 78041-1701
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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.

    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
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