409 Logistic Dr, Laredo, TX 78045 – Commercial Improved Land

CommercialYear Built 2016Total Assessed Value $1,380,000County Webb

Property Details

The Commercial property 409 Logistic Dr, Laredo, TX 78045 is located in Webb County. The specific property type is Commercial Improved Land. The total assessed value of this property is $1,380,000.

The gross building area is 0 square feet and the land area is 121,097 square feet for this Commercial Improved Land built in 2016.

Legal description: Laredo Distribution Center, Block 3, Lot 3

$1,692,101

Market Value

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Cap Rate

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NOI

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Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area0

Land Size121,097

Land Value$1,023,268

Improved Value$668,833

Total Assessed Value$1,380,000

Year Built2016

County NameWebb

Account Number264668

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space73

HeatingNone

Type ConstructionOther

Garage TypeParking lot

Sales History

8/28/2015

Arms-lengthNot Disclosed

Buyer

Four O Nine Llc

Seller

Dima Properties Llc

Book Number

1242838

Recording Date

8/28/2015

Transaction Details

Four O Nine Llc acquired the property from Dima Properties Llc through a Arms-length transaction on 8/28/2015 for .

8/17/2011

OtherNot Disclosed

Buyer

Four O Nine Llc

Seller

Dima Properties Lc

Book Number

Recording Date

8/17/2011

Transaction Details

Four O Nine Llc acquired the property from Dima Properties Lc through a Other transaction on 8/17/2011 for .

6/30/2011

Arms-length$360,000

Buyer

Dima Properties Lc

Seller

Pardasani Karan B

Book Number

1106166

Recording Date

6/30/2011

Transaction Details

Dima Properties Lc acquired the property from Pardasani Karan B through a Arms-length transaction on 6/30/2011 for $360,000.

Property constructed in 2016

YSale Price (USD) byXSales Year

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Mortgage History

7/11/2025

Arms length residential transactions purchase or resales$3,840,000

Borrower

Four O Nine Llc

Lender

Commerce Bank

Book Number

2025.1563402

Recording Date

7/11/2025

Transaction Details

Four O Nine Llc borrowed the property from Commerce Bank through a Arms length residential transactions purchase or resales transaction on 7/11/2025 for $3,840,000.

10/22/2015

Helocs both purchase money and non purchase money helocs$550,500

Borrower

Four O Nine Llc

Lender

Commerce Bank

Book Number

2015.1248189

Recording Date

10/22/2015

Transaction Details

Four O Nine Llc borrowed the property from Commerce Bank through a Helocs both purchase money and non purchase money helocs transaction on 10/22/2015 for $550,500.

Property constructed in 2016

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$1,023,268	$668,833	$1,380,000	$1,692,101	Four O Nine Llc	405 Logistic Dr	Laredo Distribution ...	IP NORTH	S98403	121,097	-
2025	$800,000	$350,000	$1,150,000	$1,150,000	Four O Nine Llc	405 Logistic Dr	Laredo Distribution ...	Ip North	S98403	121,097	-
2024	$721,737	$578,100	$1,299,837	$1,299,837	Four O Nine Llc	405 Logistic Dr	Laredo Distribution ...	Ip North	S98403	121,097	-
2023	$626,070	$588,469	$1,214,539	$1,214,539	Four O Nine Llc	405 Logistic Dr	Laredo Distribution ...	IP NORTH	S98403	121,097	-
2022	$547,358	$550,404	$1,097,762	$1,097,762	Four O Nine Llc	405 Logistic Dr	Laredo Distribution ...	IP05	S98403	121,097	-
2021	$222,818	$452,713	$675,531	$675,531	Four O Nine Llc	405 Logistic Dr	Laredo Distribution ...	IP05	S98403	121,097	-
2020	$222,820	$457,480	$680,300	$680,300	Four O Nine Llc	405 Logistic Dr	Laredo Distribution ...	IP05	S98403	121,097	-
2019	$222,820	$457,480	$680,300	$680,300	Four O Nine Llc	7305 San Dario Ave S...	Laredo Distribution ...	IP05	S98403	121,097	-
2018	$222,820	$471,780	$694,600	$694,600	Four O Nine Llc	7305 San Dario Ave S...	LAREDO DISTRIBUTION ...	IP05	S98403	121,097	-
2017	$222,820	$247,690	$470,510	$470,510	Four O Nine Llc	7305 San Dario Ave S...	LAREDO DISTRIBUTION ...	IP05	S98403	121,097	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	409 Logistic Dr, Laredo, TX 78045	—	-	121,097	2016	-	$ 1,380,000	$ 1,023,268	-
Commerce Bank	18502 W Peak Dr, Laredo, TX 78045	08/29/2025	$ 929,250	237,746	0	-	$ 1,629,036	$ 2,008,955	-
Firstcitizens Bank & Trust Co	7610 Rocio Dr, Laredo, TX 78041	07/22/2025	$ 2,447,650	31,307	0	-	$ 481,827	$ 461,168	7612 Rocio Llc
Commerce Bank	409 Logistic Dr, Laredo, TX 78045	07/11/2025	$ 3,840,000	121,097	2016	-	$ 1,150,000	$ 800,000	Four O Nine Llc
Commerce Bank	409 Logistic Dr, Laredo, TX 78045	07/11/2025	$ 3,840,000	121,097	2016	-	$ 1,150,000	$ 800,000	Four O Nine Llc
Commerce Bank	405 Logistic Dr, Laredo, TX 78045	07/11/2025	$ 3,840,000	120,792	2015	44,043	$ 3,050,000	$ 1,065,384	Four O Five Llc
First Convenience Bank	103 Ross Khaledi Rd, Laredo, TX 78045	05/27/2025	$ 7,500,000	248,728	0	-	$ 1,488,727	$ 2,101,748	Detcen Holdings Iii Llc
Texas Community Bank	315 Union Pacific Blvd, Laredo, TX 78045	04/23/2025	$ 1,500,000	111,514	0	-	$ 630,000	$ 630,000
Texas Community Bank	403 Union Pacific Blvd, Laredo, TX 78045	04/23/2025	$ 1,500,000	111,514	2013	400	$ 630,000	$ 630,000	Ferma Realty Llc Series Union
Commerce Bank	1620 Vidal Cantu Rd, Laredo, TX 78045	04/18/2025	$ 5,116,371	245,191	0	-	$ 1,380,000	$ 1,917,773	Fm1472 Investments Inc
Commerce Bank	1620 Vidal Cantu Rd, Laredo, TX 78045	01/31/2025	$ 21,914,707	245,191	0	-	$ 1,380,000	$ 1,917,773	Fm1472 Investments Inc

Mean$ 5,581,272

Median$ 2,890,325.0

Loan Amount Range$ 45,178 - $ 28,639,440

Showing 1 to 10 of 26 entries

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