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2212 Santa Ursula Ave 2,788 SF 100% Leased Retail Building Laredo, TX 78040 $1,400,000 ($502.15/SF) 2.25% Cap Rate
Investment Highlights
- Direct IH-35 South frontage offering strong regional connectivity and visibility.
- Large 0.68-acre parcel with potential for additional development to increase income.
- Centrally located within Laredo’s urban core near retail, dining, and local services.
- Fully leased building with a reliable tenant mix providing steady rental income.
- Zoned B-3 General Business, accommodating a variety of commercial uses.
- Close proximity to major highways and trade routes supporting cross-border commerce.
Executive Summary
This investment property features a freestanding retail building with direct frontage along IH-35 South, a major transportation corridor in Laredo. The site spans roughly 0.68 acres and currently includes a 2,788 SF building that is 100% occupied by two stable tenants, providing immediate in-place cash flow. Current NOI stands at approximately $31,448 with a cap rate of 2.25%.
The property’s B-3 General Business zoning and excess lot space present unique upside potential through additional development or expansion with another freestanding building. Laredo’s sustained commercial growth, fueled by its position as a key U.S.-Mexico trade hub, enhances long-term investment security. Positioned just minutes from downtown and in proximity to major retailers and services, this property offers the opportunity to acquire an income-generating asset with added value upside in a growing market.
The property’s B-3 General Business zoning and excess lot space present unique upside potential through additional development or expansion with another freestanding building. Laredo’s sustained commercial growth, fueled by its position as a key U.S.-Mexico trade hub, enhances long-term investment security. Positioned just minutes from downtown and in proximity to major retailers and services, this property offers the opportunity to acquire an income-generating asset with added value upside in a growing market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$69,600
|
$24.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,600
|
$24.96
|
| Taxes |
$28,910
|
$10.37
|
| Operating Expenses |
$9,242
|
$3.31
|
| Total Expenses |
$38,152
|
$13.68
|
| Net Operating Income |
$31,448
|
$11.28
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $24.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $24.96 |
| Taxes | |
|---|---|
| Annual | $28,910 |
| Annual Per SF | $10.37 |
| Operating Expenses | |
|---|---|
| Annual | $9,242 |
| Annual Per SF | $3.31 |
| Total Expenses | |
|---|---|
| Annual | $38,152 |
| Annual Per SF | $13.68 |
| Net Operating Income | |
|---|---|
| Annual | $31,448 |
| Annual Per SF | $11.28 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,788 SF
Building Class
C
Year Built
1985
Price
$1,400,000
Price Per SF
$502.15
Cap Rate
2.25%
NOI
$31,448
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.34 AC
Zoning
B-3 - General Business
Frontage
56’ on SANTA URSULA AVE
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Information
- -
- -
- -
Cricket Wireless began in 1999 as a prepaid wireless brand and later became part of AT&T after AT&T acquired Leap Wireless International. The company offers prepaid mobile plans, smartphones, and related wireless services, with support for online account management, billing, activation, and device help. Cricket Wireless serves customers through store locations and online sales, and its offerings include no-contract plans, 5G access, hotspot data on select plans, and device protection options. The company remains focused on straightforward wireless service for U.S. customers across a broad national footprint.
- Good Luck Business
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Information | - | - | - | ||
| Good Luck Business | Services | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 163138 | Total Assessment | $1,070,760 |
| Land Assessment | $739,845 | Annual Taxes | $28,910 ($10.37/SF) |
| Improvements Assessment | $330,915 | Tax Year | 2025 |
Property Taxes
Parcel Number
163138
Land Assessment
$739,845
Improvements Assessment
$330,915
Total Assessment
$1,070,760
Annual Taxes
$28,910 ($10.37/SF)
Tax Year
2025
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2212 Santa Ursula Ave