1001 San Rio Blvd, Laredo, TX 78046 – Office Building Low Rise 1 - 4 stories

OfficeYear Built 2007Total Assessed Value $56,627,192County Webb

Property Details

The Office property 1001 San Rio Blvd, Laredo, TX 78046 is located in Webb County. The specific property type is Office Building Low Rise 1 - 4 stories. The total assessed value of this property is $56,627,192.

The gross building area is 259,238 square feet and the land area is 6,533,999 square feet for this Office Building Low Rise 1 - 4 stories built in 2007.

Legal description: San Rafael, Block 1, Lot 1, Phase 1

$59,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 1001 San Rio Blvd, Laredo, TX 78046, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building Low Rise 1 - 4 stories

Building Area259,238

Land Size6,533,999

Land Value$3,375,000

Improved Value$55,625,000

Total Assessed Value$56,627,192

Year Built2007

County NameWebb

Account Number365739

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space17

HeatingNone

Type ConstructionOther

Sales History

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Mortgage History

9/10/2024

Arms length residential transactions purchase or resales$650,000,000

Borrower

Correctional Services Corporat

Lender

Ankura Trust Company Llc

Book Number

2024.539325

Recording Date

9/10/2024

Transaction Details

Correctional Services Corporat borrowed the property from Ankura Trust Company Llc through a Arms length residential transactions purchase or resales transaction on 9/10/2024 for $650,000,000.

2/10/2023

Arms length residential transactions purchase or resales$286,521

Borrower

Correctional Services Corporat

Lender

Alter Domus Products Corp

Book Number

2023.1491836

Recording Date

2/10/2023

Transaction Details

Correctional Services Corporat borrowed the property from Alter Domus Products Corp through a Arms length residential transactions purchase or resales transaction on 2/10/2023 for $286,521.

12/2/2010

Non arms length transactions with valid title company name no accomodations$350,000,000

Borrower

The Geo Group Inc

Lender

Book Number

2010.88331

Recording Date

12/2/2010

Transaction Details

The Geo Group Inc borrowed the property from through a Non arms length transactions with valid title company name no accomodations transaction on 12/2/2010 for $350,000,000.

Property constructed in 2007

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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	$3,375,000	$55,625,000	$56,627,192	$59,000,000	The Geo Group Inc	4955 Technology Way	San Rafael, Block 1,...	CD ZAPATAH	S93110	6,533,999	259,238
2025	$3,375,000	$55,625,000	$56,627,192	$59,000,000	The Geo Group Inc	4955 Technology Way	San Rafael, Block 1,...	Cd Zapatah	S93110	6,534,000	259,238
2024	$3,375,000	$57,468,439	$58,469,574	$60,843,439	The Geo Group Inc	4955 Technology Way	San Rafael, Block 1,...	Cd Zapatah	S93110	6,534,000	259,238
2023	$3,375,000	$57,468,439	$58,469,574	$60,843,439	The Geo Group Inc	4955 Technology Way	San Rafael, Block 1,...	CD ZAPATAH	S93110	6,534,000	259,238
2022	$3,375,000	$58,327,159	$59,328,400	$59,328,400	The Geo Group Inc	4955 Technology Way	San Rafael, Block 1,...	CD33	S93110	6,534,000	259,238
2021	$3,375,000	$56,625,000	$57,625,924	$57,625,924	The Geo Group Inc	4955 Technology Way	San Rafael, Block 1,...	CD33	S93110	2,335,077	259,238
2020	$2,851,640	$56,148,360	$57,371,340	$59,000,000	The Geo Group Inc	4955 Technology Way	San Rafael, Block 1,...	CD33	S93110	6,534,000	259,238
2019	$2,851,640	$56,148,360	$57,371,340	$59,000,000	The Geo Group Inc	One Park Place Ste 7...	San Rafael, Block 1,...	CD33	S93110	6,534,000	259,238
2018	$2,851,640	$55,500,000	$56,722,760	$58,351,640	The Geo Group Inc	One Park Place Ste 7...	SAN RAFAEL, BLOCK 1,...	CD33	S93110	6,534,000	273,898
2017	$2,851,640	$51,959,020	$53,181,680	$54,810,660	The Geo Group Inc	One Park Place Ste 7...	SAN RAFAEL, BLOCK 1,...	CD33	S93110	6,534,000	252,683

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1001 San Rio Blvd, Laredo, TX 78046	365739	Office	Office Building Low Rise 1 - 4 stories	The Geo Group Inc	Webb	-	-	-	-	2007	259,238	-
8200 W Interstate 10, San Antonio, TX 78230	1061301	Office	Office Building Low Rise 1 - 4 stories	Sm Fountainhead Towner Office Building Ltd	Bexar	159.2	$ 17,556,000	2025-01-10	$ 44.39	1985	395,490	3
8620 N New Braunfels Ave, San Antonio, TX 78217	603877	Office	Office Building Low Rise 1 - 4 stories	Lomar Properties Llc Series Energy	Bexar	161.6	$ 19,950,000	2024-03-21	$ 167.91	1982	118,812	8
9601 N Us Hwy 281, San Antonio, TX 78216	496222	Office	Office Building Low Rise 1 - 4 stories	Sv Mcallister Llc & Mulberry Ranch Holdings Ltd	Bexar	161.5	$ 23,650,000	2023-12-14	$ 70.17	1982	337,026	5
7330 San Pedro Ave, San Antonio, TX 78216	497312	Office	Office Building Low Rise 1 - 4 stories	Dw Spp Llc	Bexar	160.5	$ 18,700,000	2024-04-17	$ 61.98	1985	301,704	3
800 E Sonterra Blvd, San Antonio, TX 78258	734846	Office	Office Building Low Rise 1 - 4 stories	800 Sonterra Office Ltd	Bexar	167.1	$ 19,950,000	2025-01-15	$ 151.93	1999	131,310	4
6200 Nw Pkwy, San Antonio, TX 78249	657127	Office	Office Building Low Rise 1 - 4 stories	Bexar County Hospital District	Bexar	160.5	$ 28,000,000	2024-06-05	$ 189.99	2000	147,376	5
11826 Tech Com Rd, San Antonio, TX 78233	598713	Office	Office Building Low Rise 1 - 4 stories	Bmc Cwb Llc	Bexar	165.3	$ 16,558,500	2023-05-03	$ 176.51	1999	93,809	3
140 Heimer Rd, San Antonio, TX 78232	498652	Office	Office Building Low Rise 1 - 4 stories	Icp Fuller Northbrook Llc	Bexar	164.0	$ 14,000,000	2023-03-03	$ 131.03	1986	106,843	9
8610 N New Braunfels Ave, San Antonio, TX 78217	603876	Office	Office Building Low Rise 1 - 4 stories	Lomar Properties Llc Series Energy	Bexar	161.6	$ 19,950,000	2024-03-27	$ 115.97	1982	172,032	5
6100 Bandera Rd, Leon Valley, TX 78238	447662	Office	Office Building Low Rise 1 - 4 stories	Proton Prc Ltd	Bexar	156.0	$ 6,083,875	2023-11-20	$ 41.07	1983	148,146	4

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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 ↕
—	1001 San Rio Blvd, Laredo, TX 78046	—	-	6,533,999	2007	259,238	$ 56,627,192	$ 3,375,000	-
Texas Community Bank	1819 San Agustin, Laredo, TX 78040	08/22/2025	$ 70,000	7,331	1969	1,020	$ 117,262	$ 74,766
Texas Community Bank	1406 Jacaman Rd, Laredo, TX 78041	07/03/2025	$ 1,000,000	235,089	2019	69,071	$ 10,780,776	$ 2,362,665	Merlin Jacaman Investments Llc
Falcon International Bank	8221 San Dario Ave, Laredo, TX 78045	06/25/2025	$ 944,833	143,657	2001	2,648	$ 3,120,000	$ 3,148,940
Hardy Realty Epsp Llc	6502 N Bartlett, Laredo, TX 78041	04/30/2025	$ 1,115,000	37,967	2003	2,673	$ 1,201,285	$ 545,584
Texas Community Bank	2710 Zacatecas St, Laredo, TX 78046	02/27/2025	$ 200,000	6,386	1977	2,698	$ 319,645	$ 57,465
Texas Community Bank	806 Riverhill Dr, Laredo, TX 78046	02/04/2025	$ 1,640,000	9,135	2004	1,617	$ 224,112	$ 84,754	Laredo Riverhill Investments L
Texas Community Bank	806 Riverhill Dr, Laredo, TX 78046	02/04/2025	$ 1,640,000	6,090	2004	1,078	$ 149,408	$ 56,506	Laredo Riverhill Investments L
Frost Bank	102 Blue Ridge Pkwy, Laredo, TX 78045	01/28/2025	$ 5,000,000	435,600	2024	57,257	$ 14,044,444	$ 3,463,020	Sttc Real Estate Holdings Llc
Rlcf Properties Llc	18702 Metropolitan Rd, Laredo, TX 78045	12/19/2024	$ 70,800,000	488,068	2000	5,739	$ 5,572,362	$ 3,758,119
Midwest Regional Bank	1202 Welby Ct, Laredo, TX 78041	12/18/2024	$ 2,903,000	62,221	1999	20,602	$ 3,507,734	$ 848,681	Kbu Llc

Mean$ 30,668,571

Median$ 856,416.5

Loan Amount Range$ 70,000 - $ 650,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1001 SAN RIO BLVD, LAREDO, TX 78046-8838	RIO GRANDE DETENTION	9567950771	FACILITIES SUPPORT SERVICES
1001 SAN RIO BLVD, LAREDO, TX 78046-8838	RIO GRANDE DETENTION	9567184700	CORRECTIONAL INSTITUTIONS-PRIVATE

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License Details

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