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

    703 E Rio Grande Street Victoria, TX 77901

    View on Map
    Claim this Listing
    For Lease
    $979 /Mo

    COMMERCIAL - Victoria, TX

    Property size:
    1,152 SF
    Lot size:
    0.47 Acres
    Added:
    Apr 22, 2025
    Days on Market:
    356
    Last Refresh:
    Apr 12 at 5:06 am

    Property Features for 703 E Rio Grande Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    20
    Standard status
    Active
    APN
    57126
    Size
    1,152 SF
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Description
    OLIVER, BLOCK 14, LOT 1 & 2, ACRES .4688

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Brick, Masonry
    Roof type
    Flat

    We can help!

    Listing Contact
    Allison Vinson-Shepard

    Listing agent Allison Vinson-Shepard License #705812

    Listing office Woolson Real Estate Inc 2715 Houston Highway, Victoria, TX

    Listing date Apr 22, 2025

    MLS# 576995

    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.

    Overview

    Retail/Office Space in Victoria, TX

    This 1,152 square foot commercial space is located in a thriving commercial corridor in Victoria, TX. Suited for salon, retail, or office use, the layout features a large, window showcase ideal for product displays. A semi-private room provides ample space for inventory or back-end operations. The property includes 1 private restroom with the possibility to add a second. The location benefits from high foot and vehicle traffic, excellent signage opportunities, and ample on-site parking. It is ideal for retail, specialty stores, or service-based businesses. The lot size is 0.4688 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sweet Spot Bakery Bakery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.996869
    Latitude
    28.805548

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Property in Victoria

      10,040 SF flex property on 1.54 acres for lease.
      13102 N Navarro, Victoria, TX 77904
      View Details
    • Contact for pricing

      Victoria Retail and Office Space

      Prime retail/office space with high visibility and traffic.
      4104 Houston Highway unit: 500, Victoria, TX 77901
      View Details
    • Contact for pricing

      Victoria Office Suite For Lease

      Centrally located office suite with climate-controlled storage in Victoria, TX.
      1304 E Rio Grande Street unit: A, Victoria, TX 77901
      View Details
    • Contact for pricing

      Main Street Commercial Building

      Highly visible commercial building suitable for retail, office, or medical use.
      4002 N Main Street unit: 620, Victoria, TX 77901
      View Details
    • Contact for pricing

      Prime Downtown Victoria Office Space

      Modern offices with utilities included in Victoria, Texas.
      207 1/2 E Constitution Street unit: 4, Victoria, TX 77901
      View Details
    • Contact for pricing

      Prime Commercial Space on US-59

      Spacious commercial property with high visibility on US-59 Business Rd.
      305 Sam Houston Drive unit: B & C, Victoria, TX 77901
      View Details
    • Contact for pricing

      Renovated Office Space Downtown

      Charming, newly renovated office space near Main Street.
      208 W Goodwin Avenue, Victoria, TX 77901
      View Details
    • $17/mo

      Leary Lane Office Suites Available

      Remodeled office suites for lease on Victoria's north side.
      2208 Leary Lane unit: 200, Victoria, TX 77904
      View Details
    • Contact for pricing

      Downtown Victoria Office Space Available

      Prime downtown office space with modern amenities for lease.
      207 1/2 E Constitution Street unit: 8, Victoria, TX 77901
      View Details
    • Contact for pricing

      Commercial Property with Acreage

      Commercial property featuring office space and acreage for lease.
      24 Rios Road, Victoria, TX 77905
      View Details
    • Contact for pricing

      Remodeled Commercial Space on Navarro

      Newly remodeled commercial space with high traffic exposure.
      3706 N Navarro Street unit: 800, Victoria, TX 77901
      View Details
    • Contact for pricing

      Victoria Mixed-Use Commercial Property

      Prime commercial property with retail, office, and warehouse space.
      3011 Houston Highway, Victoria, TX 77901
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile 1,152 sq ft space ideal for retail or office.
    Where is this retail space located?
    The property is located at 703 E Rio Grande Street Victoria, TX.
    What is the lease rate?
    The lease rate is $979 /Mo.
    What are key features of this property?
    This property features: High foot and vehicle traffic location in a thriving commercial corridor.; 1,152 sq. ft. space suitable for salon, retail, or office use.; Large window showcase ideal for product displays.
    (361) 676-2502
    We can help!
    Listing Contact
    Allison Vinson-Shepard
    Real Estate License ID: 705812
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!