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

    917 Farragut St Laredo, TX 78040

    • Office buildings
    • 6,720 SF
    • 0.35 lot acres
    For Lease
    View listing
    Value Estimations
    $505,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2150569
    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

    • Office buildings

    Property Details for 917 Farragut St

    Year built
    1991
    Lot size
    0.35 lot acres
    Property size
    6,720 SF
    Property type
    Office buildings
    APN
    101-00045-100
    APU
    10100045100

    Description

    This exceptional 6,698-square-foot retail space presents a unique investment opportunity in Laredo, Texas. Previously a bank branch, this single-tenant property boasts a highly desirable infill location within a bustling commercial area of Webb County. The 0.36-acre lot ensures ample space for potential expansion or outdoor amenities. The building's prime position benefits from consistent daytime foot traffic and strong neighboring businesses, creating a robust and supportive commercial environment. The property's vacant status allows for immediate occupancy and customization to suit a wide range of retail ventures. Its central Laredo location offers easy access to major thoroughfares and a dense residential population, guaranteeing high visibility and potential customer reach. The property's former use as a bank suggests a solid foundation and potentially desirable structural features. This is an ideal opportunity for businesses seeking a well-situated, sizable retail space in a thriving Texas market. The address is 917 Farragut St, Laredo, TX 78040.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $673,000
      Market price range: $410k - $1.15M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $775,000
      Current use
      RESTAURANT
      $835,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Laredo
    County
    Webb
    State
    Texas
    Longitude
    -99.5054
    Latitude
    27.5055
    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
    $3,864
    $308,660
    $341,340
    $650,000
    -
    $308,660
    $341,340
    $650,000

    Comparable in this City

    • Value Estimation by Request
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      1419 Hendricks Ave

      OFFICE BUILDING • 2,809 SF
      1419 Hendricks Ave, Laredo, TX 78040-4613
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      801 Flores Ave

      OFFICE BUILDING • 1,134 SF
      801 Flores Ave, Laredo, TX 78040-5834
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    • Value Estimation by Request
      1,732 SF

      2500 Gonzalez St

      OFFICE BUILDING • 1,732 SF
      2500 Gonzalez St, Laredo, TX 78040-4740
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    • Value Estimation by Request
      1,237 SF

      1820 San Bernardo Ave

      OFFICE BUILDING • 1,237 SF
      1820 San Bernardo Ave, Laredo, TX 78040-4838
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    • Value Estimation by Request
      4,830 SF

      1219 Victoria St

      OFFICE BUILDING • 4,830 SF
      1219 Victoria St, Laredo, TX 78040-8011
      View Details

    Similar Nearby for Sale

    • $1,700,000
      6,720 SF

      6,720 SF Former Bank Building For Sale

      6,720 SF Former Bank Building For Sale
      917 Farragut Street, Laredo, TX 78040
      View Details
    • $650,000
      3,347 SF

      Laredo Office Space For Sale

      Office space available in Laredo, Texas, with 3347 square feet.
      1402 Corpus Christi St, Laredo, TX 78040
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    • $1,700,000

      Laredo Office Building - Prime Location

      Executive Office Space, High Visibility, 12,990 SF Lot
      917 Farragut St, Laredo, TX 78040
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    • $1,700,000
      6,720 SF

      Laredo Office Building: Prime Location

      6,720 SF Vacant Office Building, $1.7M
      917 Farragut St, Laredo, TX 78040
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    • $1,390,000
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      Laredo Office & Land Investment

      Prime Laredo Commercial Property, 77,098 SF
      1900 Springfield Ave, Laredo, TX 78040
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      Prime Laredo Commercial Land

      11,871 SF Downtown Laredo Lot
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    Similar Nearby for Lease

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      Downtown Laredo Office Space

      Move-in-ready office space in prime downtown location.
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      10,926 SF

      Downtown Laredo Retail/Office Space

      Two-story building in downtown Laredo, suitable for office or retail.
      1103 Grant St, Laredo, TX 78040
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      2,938 SF

      Downtown Laredo Retail/Office Space

      Downtown Laredo property suitable for restaurant, office, or entertainment.
      820 Lincoln St, Laredo, TX 78040
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    • Contact for pricing
      3,044 SF

      Downtown Laredo Office/Retail Space

      Downtown Laredo property available for lease as office or retail.
      215 Salinas Ave, Laredo, TX 78040
      View Details
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    Laredo, TX 78040
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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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