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

    3502 N Laurent St, Unit A Victoria, TX 77901

    Sponsored
    For Sale
    $599,900

    COMMERCIAL - Victoria, TX

    Property size:
    2,801 SF
    Lot size:
    0.62 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 28 at 9:06 pm

    Property Features for 3502 N Laurent St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    144764
    Parking features
    Driveway
    Accessibility
    Accessible Approach with Ramp
    Size
    2,801 SF
    Lot size
    0.62 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1958
    Floors in Building
    1
    Flooring type
    Vinyl, Carpet, Concrete
    Building materials
    BrickVeneer, Frame, LapSiding

    We can help!

    Listing Contact
    Jake Truss

    Coldwell Banker - Ron Brown Co (361) 575-1446

    Listing agent Jake Truss (361) 575-1446 License #0730168

    Listing date Feb 26, 2026

    MLS# 605481

    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

    Victoria, TX NNN Pharmacy Investment

    This commercial property is a NNN leased pharmacy investment secured by Qualthera Health Corporation, operating as Central Drug. The lease extends through September 2034, with approximately 8 years of firm term remaining, and includes one three-year renewal option. The current rent structure incorporates a CPI-U inflation adjustment starting November 1, 2029, based on the Houston-The Woodlands-Sugar Land index. The lease structure is a zero-landlord-responsibility agreement, where the tenant covers all real property taxes, insurance, utilities, maintenance, repairs, roof, structure, parking lot, and capital expenditures, without rent abatement rights except as specified in the lease. The building, totaling 2,801 square feet, is situated on a 0.62-acre hard corner lot in Victoria, Texas. The location offers visibility, traffic exposure, parking, and a concrete parking lot. The property has been remodeled and is maintained. The tenant accepted the premises in "as-is" condition and bears full repair obligations throughout the lease term. The pharmacy use is restricted to retail compounding operations. This asset offers defensive, necessity-based retail income, a corporate lease structure, inflation-protected rent growth, and a landlord-favorable lease format, suitable for 1031 exchange or passive income buyers seeking predictable cash flow with minimal management exposure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Central Drug Pharmacy Wellness.Balance.You Gym & Fitness Center

    Suggested Use

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

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

    Similar Places Nearby

    Holcomb Chiropractic and Natural Health of Victoria, TX, Harding & Parker Drug Store, Walgreens Pharmacy, COVID-19 Drive-Thru Testing at Walgreens, CVS Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.992173
    Latitude
    28.825881

    Nearby Similar for Sale

    • $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
    • $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
    • $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
      $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
    • $450,000
      77,972 SF

      Versatile Commercial Property in Victoria

      1.79 acres with office and shop in Victoria, TX.
      1508 N Ben Jordan St, Victoria, TX 77901
      View Details
    • New
      $189,900
      3,200 SF

      Spacious Duplex in Victoria, TX

      Two mirror-image units with income potential and long-term value.
      2904 Pleasant Green Dr, Victoria, TX 77901
      View Details
    • $160,000
      2,112 SF

      Victoria, TX Duplex For Sale

      Duplex in Victoria, TX with income potential.
      1005 Macarthur St, Victoria, TX 77901
      View Details
    • $675,000
      1,300 SF

      Ranch Home with RV Park

      9+ acre property with home and income-producing RV park.
      52 N Old Bloomington Rd, Victoria, TX 77905
      View Details
    • $199,000
      9.22 Acres

      Unrestricted Land Near Victoria, TX

      9.221 acres of unrestricted land with fencing and a well.
      Crouch/Gregory St, Victoria, TX 77905
      View Details
    • $722,223
      10,000 SF

      Retail Property with National Tenant

      NNN leased investment opportunity with long-term national retailer.
      1606 N Navarro St, Victoria, TX 77901
      View Details
    • $383,000

      Two-Story Office Building For Sale

      Two-story office building in central Victoria location for sale.
      708 E Goodwin Ave, Victoria, TX 77901
      View Details

    FAQs

    What type of property is this?
    Drug store - NNN leased pharmacy investment with corporate healthcare tenant.
    Where is this drug store located?
    The property is located at 3502 N Laurent St, Unit A Victoria, TX.
    What is the asking price?
    The asking price for this property is $599,900.
    (361) 550-7878
    Request Owner's contact information
    3502 N Laurent St, Unit A 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.
    3502 N Laurent St, Unit A
    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
    3502 N Laurent St, Unit A 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
    Jake Truss
    Real Estate License ID: 0730168
    (361) 550-7878 (361) 575-1446 (361) 573-6191
    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!