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    Property profile & analytics

    6909 Springfield Ave Laredo, TX 78041-2324

    • Office buildings
    • 39,219 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0651128
    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

    • Altus Hospice- Laredo / Hospice
    • JHS Architect Inc / Architect
    • Sunset Detox / Mental Health Service
    • JHS Architect / Architect
    • Gilberto Castillo / Dentist / Prosthodontist

    Property Details for 6909 Springfield Ave

    Year built
    2007
    Lot size
    1.91 lot acres
    Property size
    39,219 SF
    Property type
    Office buildings
    APN
    976-10006-020
    APU
    97610006020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,095,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.4975
    Latitude
    27.5652
    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
    $25,080
    $691,527
    $3,008,473
    $3,700,000
    -
    $691,527
    $3,008,473
    $3,700,000

    Comparable in this City

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      7418 Country Clb Dr

      OFFICE BUILDING • 2,702 SF
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    • Value Estimation
      $635,000
      1,145 SF

      7268 Saunders St

      OFFICE BUILDING • 1,145 SF
      7268 Saunders St, Laredo, TX 78041
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    • Value Estimation
      $1,240,000
      67,288 SF

      5810 San Bernardo Ave

      OFFICE BUILDING • 67,288 SF
      5810 San Bernardo Ave, Laredo, TX 78041-2932
      View Details
    • Value Estimation
      $1,420,000
      5,616 SF

      1601 Jacaman Rd

      OFFICE BUILDING • 5,616 SF
      1601 Jacaman Rd, Laredo, TX 78041-6270
      View Details
    • Value Estimation
      $720,000
      22,634 SF

      2416 Jacaman Rd

      OFFICE BUILDING • 22,634 SF
      2416 Jacaman Rd, Laredo, TX 78041-6196
      View Details
    • Value Estimation
      $465,000
      1,024 SF

      7300 Cpl Rd

      OFFICE BUILDING • 1,024 SF
      7300 Cpl Rd, Laredo, TX 78041-2531
      View Details

    Similar Nearby for Sale

    • $875,000

      Office Building in Busy Area

      Office property in a high-traffic location suitable for various businesses.
      3713 San Bernardo Ave, Laredo, TX 78041
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    • Contact for pricing

      Laredo Executive Office Suite

      Turnkey Office Space, Shared Amenities
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    • $945,000
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      Commercial Land in Encino Plaza

      Commercial lot for sale in Laredo, Texas.
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    • $1,350,000

      Retail Opportunity in Laredo, TX

      Retail property for sale in Laredo, Texas.
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    • $65,000
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      Unimproved Land in Laredo, Texas

      Unique lot between railroad tracks, suitable for specific buyer.
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    • $4,440,500

      Commercial Land Available

      Commercial land for sale.
      20788 Us Highway 83, Laredo, TX 78041
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    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
    • Contact for pricing
      2,940 SF

      Central Laredo Office Space Available

      Office space for rent in central Laredo, Texas.
      5701-5711 Springfield Ave, Laredo, TX 78041
      View Details
    • New
      $6,000 /Mo

      Commercial Space For Lease

      Commercial space with open floor plan in established corridor.
      2311 Saturn Dr, 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
    • $875 /Mo

      Executive Office Space Available

      Executive office space for rent in North Laredo.
      107 Suite-2, Laredo, TX 78041
      View Details
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    6909 Springfield Ave
    Laredo, TX 78041-2324
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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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