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2212 Santa Ursula Ave 2,788 SF 100% Leased Retail Building Laredo, TX 78040 $1,979,530 CAD ($710.02 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$98,411
|
$35.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$98,411
|
$35.30
|
| Taxes |
$40,877
|
$14.66
|
| Operating Expenses |
$13,068
|
$4.69
|
| Total Expenses |
$53,945
|
$19.35
|
| Net Operating Income |
$44,466
|
$15.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $98,411 |
| Annual Per SF | $35.30 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $98,411 |
| Annual Per SF | $35.30 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,877 |
| Annual Per SF | $14.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,068 |
| Annual Per SF | $4.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,945 |
| Annual Per SF | $19.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $44,466 |
| Annual Per SF | $15.95 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,788 SF
Building Class
C
Year Built
1985
Price
$1,979,530 CAD
Price Per SF
$710.02 CAD
Cap Rate
2.25%
NOI
$44,466 CAD
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 offre des forfaits abordables, un excellent service à la clientèle et une tonne d'extras. Le tout sur leur réseau 5G rapide et fiable ! Cricket est un fournisseur de services sans fil qui offre des téléphones mobiles prépayés, des plans de couverture et une gamme d'accessoires. Ils aident les clients à moins stresser et à sourire davantage en offrant une expérience sans fil facile, de haute qualité et abordable.
- 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 | $1,494,374 CAD |
| Land Assessment | $1,032,542 CAD | Annual Taxes | $40,877 CAD ($14.66 CAD/SF) |
| Improvements Assessment | $461,832 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
163138
Land Assessment
$1,032,542 CAD
Improvements Assessment
$461,832 CAD
Total Assessment
$1,494,374 CAD
Annual Taxes
$40,877 CAD ($14.66 CAD/SF)
Tax Year
2025
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2212 Santa Ursula Ave
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