2603 Bob Bullock LoopLaredo, TX 78045

Property Details for 2603 Bob Bullock Loop

Year built

2012

Lot size

1.40 AC

Property size (Sq ft)

8,724 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

989-49001-030

APU

98949001030

Description

This exceptional retail property, located at 2603 Bob Bullock Loop in Laredo, Texas (zip code 78045), offers a prime opportunity for businesses seeking high visibility and strong foot traffic. Situated on a busy outer loop, directly in front of a Walmart, this center is strategically positioned within a thriving retail corridor, benefiting from its proximity to a dense residential area and convenient access for commuters using Bob Bullock Loop. The property is classified as both retail and restaurant space, offering multiple tenancy options. The total building size is 8,696 square feet, with a minimum divisible space of 2,376 square feet and a maximum contiguous space of 3,000 square feet. Currently, there are 5,376 square feet of vacant space available, presenting a unique chance for expansion or new business establishment. This location provides access to a significant customer base, including both local residents and commuters, making it an ideal setting for a variety of retail and restaurant concepts. The property is located in Webb County, Texas, and offers excellent visibility and accessibility, ensuring a strong return on investment. This is a rare opportunity to secure a prominent retail space in a high-demand area of Laredo.

• CAP approach

  CAP return

  Valuation

  6%

  $1,999,696

  6.5%

  $1,845,874

  7%

  $1,714,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,134,310

  Geo Method

  $4,996,413

• Alternative Use

  Use

  Valuation

  Residential

  $1,557,063

  Hospitality

  $1,426,262

  Educational

  $1,186,633

  Medical

  $1,227,443

  Retail

  $1,845,874

Location Insight

City

Laredo

County

Webb

State

Texas

Latitude

27.612

Longitude

-99.4648

CBSA code

29700

CBSA name

LAREDO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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