Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1302 E Crestwood Dr Victoria, TX 77901

    View on Map
    Sponsored
    For Sale
    $850,000

    COMMERCIAL - Victoria, TX

    Property size:
    21,408 SF
    Lot size:
    2.33 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 11 at 4:06 am

    Property Features for 1302 E Crestwood Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    40689,46370
    Parking features
    Driveway, Special Needs
    Interior features
    Storage
    Accessibility
    Accessible Approach with Ramp
    Size
    21,408 SF
    Lot size
    2.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Flooring type
    Concrete, Terrazzo
    Building materials
    FiberCement
    Roof type
    Flat
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Nancy J Garner
    Nancy J Garner

    Woolson Real Estate, Inc. (361) 578-3623

    Listing agent Nancy J Garner (361) 578-3623 License #0319521

    Listing date Mar 2, 2026

    MLS# 560563

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property in Victoria

    Located in Victoria, this commercial property features two parcels totaling 2.33 acres with city street access on all sides. The main building offers 21,408 square feet of space, including approximately 12,393 square feet in the main open area, 7,735 square feet in warehouse space (including a separate storage building), and 1,280 square feet of office space. A 360-square-foot freezer is present but not included in the total square footage. The building is constructed with 8-inch concrete walls and 4-inch concrete ceilings behind the drop ceiling, set on a slab foundation with a flat roof. The main area features terrazzo tile floors, while the remainder has concrete flooring. The asphalt parking lot covers approximately 54,000 square feet. The property has package A/C units and offers room for additional construction or expansion. It is suitable for various uses, including grocery, retail, light industrial, storage, meat processing, recreation, and restaurant businesses. The building is being sold "as is" and is asbestos-free. A Phase I Report and Survey are on file.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dick's Food Store Grocery & Convenience Store Watermill Express Big Box & Wholesale Store Western Union Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.992378
    Latitude
    28.829025

    Nearby Similar for Sale

    • New
      $599,900
      2,801 SF

      NNN Leased Pharmacy Investment Opportunity

      Absolute NNN leased pharmacy investment with corporate healthcare tenant.
      3502 N Laurent St, Victoria, TX 77901
      View Details
    • $379,000
      4,024 SF

      Open-Air Commercial Property in Victoria

      Commercial property with open-air structure, formerly The Wellhead Tavern.
      23404 Zac Lentz Pkwy, Victoria, TX 77905
      View Details
    • $375,000
      4,000 SF

      Multi-Tenant Office Building Investment

      Well-maintained office building with long-term tenants and stable income.
      109 Teakwood Dr, Victoria, TX 77901
      View Details
    • $449,900
      2,625 SF

      Versatile Medical Clinic on Acreage

      Former medical clinic on 2.93 acres with ample parking.
      8410 Fm 236, Victoria, TX 77905
      View Details
    • $899,000
      12,838 SF

      Versatile Commercial Property in Victoria, TX

      Flex/combination commercial property suitable for various business needs.
      205 Profit Dr, Victoria, TX 77901
      View Details
    • New
      $275,000
      4,913 SF

      Commercial Building in Victoria Business Area

      4,913 sq ft commercial building on 0.67 acres.
      104 Teakwood Dr, Victoria, TX 77901
      View Details
    • New
      $1,395,000
      10,040 SF

      Versatile Commercial Property in Victoria

      Renovated flex property with office, retail, and warehouse space.
      13102 N Navarro St, Victoria, TX 77904
      View Details
    • $370,000
      6,200 SF

      Renovated Church Building on Corner

      Renovated church building suitable for various uses.
      1508 N East St, Victoria, TX 77901
      View Details
    • New
      $1,499,900
      13,500 SF

      Victoria Commercial Property with Highway Frontage

      4+ acre commercial property with two buildings and highway frontage.
      13955 Us Highway 77, Victoria, TX 77904
      View Details
    • $650,000
      7,734 SF

      Downtown Victoria Commercial Building For Sale

      Spacious 7,700+ SF commercial building in downtown Victoria, TX.
      412 N Main St, Victoria, TX 77901
      View Details
    • New
      $100,000
      1,008 SF

      Victoria, TX Commercial Space

      1,008 sq ft commercial space, investor special.
      1513 E North St, Victoria, TX 77901
      View Details
    • $1,499,000
      13,734 SF

      Victoria Industrial Facility on 3.15 Acres

      13,734 SF industrial facility on 3.15 acres for sale.
      3202 Miori Ln, Victoria, TX 77901
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - 2.33 acres with a 21,408 sq ft building.
    Where is this grocery and convenience store located?
    The property is located at 1302 E Crestwood Dr Victoria, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 2. 33 acre lot in central Victoria with city street access on all sides.; - Boasting 21,408 sq. ft. building with open area, warehouse, and office space.; - Versatile zoning allows for grocery, retail, industrial, restaurant, and more.
    (361) 571-0161
    Request Owner's contact information
    1302 E Crestwood Dr Victoria, TX 77901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1302 E Crestwood Dr
    Victoria, TX 77901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1302 E Crestwood Dr Victoria, TX 77901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nancy J Garner
    Nancy J Garner
    Real Estate License ID: 0319521
    (361) 571-0161 (361) 578-3623
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!