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Property profile & analytics
OFF-MARKET Estimated value $1,930,000
Strip malls

5711 Mcpherson Rd Laredo, TX 78041-6837

60,645 SF 9.26 ac lot Built 1998
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2151060
Property summary
AI-generated overview

McPherson Plaza offers exceptional executive office space for lease in Laredo, Texas. This prime location boasts 4,549 square feet of immediately available space within a three-building complex. The single-story buildings are ideally suited for medical or professional practices, offering excellent visibility and accessibility. Situated on McPherson Road, just south of Gale Street, the property benefits from high traffic volume and proximity to a variety of amenities, including restaurants, retail establishments, and residential areas. The suite is part of a multi-tenant building, providing a collaborative and professional environment. While elevators are not present, the single-story design ensures convenient access to all areas. The minimum leasable space is 4,549 square feet, making it perfect for a larger practice or organization seeking a prominent Laredo address. This is a rare opportunity to secure a substantial, well-located office space in a thriving area of Laredo. The property's central location and high visibility make it an ideal choice for businesses seeking to establish or expand their presence in the Laredo market. The ample square footage provides flexibility for various office configurations to meet specific business needs.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 60,645 SF
Lot 9.26 ac (403,291 SF)
APN 948-30009-001
UPID US82-2151060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • New Way Medical Supply Production Facility
  • Casso Insurance Inc Insurance Agency
  • Progressive Insurance - Claims Office Insurance Agency
  • Ferguson Plumbing Supply Plumbing Service Building Supply
  • Mcpherson Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.93M
Owner & transaction history
Glen G Farley · 8 yrs held
Glen G Farley
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.2M +33.2%
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