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

    2602 Arkansas Ave Laredo, TX 78043-2257

    • Strip malls
    • 6,696 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Apr 12, 2022
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3103796
    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

    • DLC FASTax / Tax Preparation Service
    • Real Cantera Party Place / Party Planner
    • De La Cruz Insurance / Auto Insurance Agency
    • Fit Squad Bootcamp / Physical Fitness Program
    • DigiLaredo / Marketing Agency / Service Establishment

    Property Details for 2602 Arkansas Ave

    Year built
    2012
    Lot size
    0.59 lot acres
    Property size
    6,696 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    557-01657-070
    APU
    55701657070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $250,000
      Market price range: $215k - $486k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $325,000
      Current use
      MEDICAL BUILDING
      $370,000
      Change: +14% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $285,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.4684
    Latitude
    27.5198
    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
    $222,543
    $327,457
    $550,000
    -
    $222,543
    $327,457
    $550,000

    Comparable in this City

    • Value Estimation
      $260,000
      1,440 SF

      2718 Jaime Zapata Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 1,440 SF
      2718 Jaime Zapata Memorial Hwy, Laredo, TX 78043
      View Details
    • Value Estimation
      $1,605,000
      46,177 SF

      4205 Jaime Zapata Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 46,177 SF
      4205 Jaime Zapata Memorial Hwy, Laredo, TX 78043-4790
      View Details
    • Value Estimation
      $400,000
      16,848 SF

      3911 Jaime Zapata Memorial Hwy

      SHOPPING CENTER, STRIP CENTER • 16,848 SF
      3911 Jaime Zapata Memorial Hwy, Laredo, TX 78043-4709
      View Details
    • Value Estimation
      $285,000
      4,200 SF

      3806 State Hwy 359

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      3806 State Hwy 359, Laredo, TX 78043
      View Details
    • Value Estimation
      $495,000
      12,616 SF

      2302 Guadalupe St

      SHOPPING CENTER, STRIP CENTER • 12,616 SF
      2302 Guadalupe St, Laredo, TX 78043-3434
      View Details
    • Value Estimation
      $290,000
      3,968 SF

      2719 Mier St

      SHOPPING CENTER, STRIP CENTER • 3,968 SF
      2719 Mier St, Laredo, TX 78043-3061
      View Details

    Similar Nearby for Sale

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      6,502 SF

      Retail Pad Site For Sale

      Retail property with strong tenancy in a high-traffic location.
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      Retail property available for sale in Laredo, Texas.
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      Laredo Retail Space: Prime Location

      High-traffic retail space, excellent investment.
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      Retail Property in Laredo, TX

      Retail property available for sale in Laredo, Texas.
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    • $200,000

      Retail Property in Laredo, TX

      Retail property for sale in Laredo, Texas.
      2604 Guatemozin St, Laredo, TX 78043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,250 SF

      Retail/Office Center For Lease

      8,250 SF retail/office center available for lease.
      2301 Diaz St, Laredo, TX 78043
      View Details
    • $15 SF/Yr

      Land for Lease

      Land available for lease at 208 Bob Bullock Loop.
      208 Bob Bullock Loop, Laredo, TX 78043
      View Details
    • Contact for pricing
      108,248 SF

      Laredo Warehouse: 108,248 SF

      Spacious Laredo warehouse, ideal for lease or sale.
      1820 Aguila Azteca Dr, Laredo, TX 78043
      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 78043
      View Details
    • $16 SF/Yr
      1,856 SF

      Renovated Office Space Available

      Move-in ready office suites with ample parking and high visibility.
      4151 Jaime Zapata Memorial Hwy, Laredo, TX 78043
      View Details
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    2602 Arkansas Ave
    Laredo, TX 78043-2257
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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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