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    Flex Warehouse with Office Buildout Title is generated by Realmo AI

    102 S Ben Jordan Street, Victoria, TX 77901

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    Claim this Listing
    For Sale
    $1,140,000

    COMMERCIAL - Victoria, TX

    Property size:
    29,089 SF
    Lot size:
    13.70 Acres
    Price / SF:
    $39/SF
    Added:
    Mar 19, 2025
    Days on Market:
    445
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 102 S Ben Jordan Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, Carport, Oversize, Special Needs, Garage
    Interior features
    Storage
    Exterior features
    Lighting, Storage
    Standard status
    Active
    APN
    20402281, 20376051
    Size
    29,089 SF
    Lot size
    13.70 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    VICTORIA COUNTY ELECTRIC CO-OP SUBD NO 1 RESUBD NO 1, BLOCK 1, LOT 1R, ACRES 13.702, BUILDINGS @ 102 SW BEN JORDAN WAS ON R144802

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Flooring type
    Tile, Concrete, Carpet
    Building materials
    Brick, Frame, MetalFrame
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Homer Escalante

    Listing agent Homer Escalante License #0745316

    Listing office eXp Realty LLC 15950 Dallas Pkwy, Suite 400, Austin, TX

    Listing date Mar 19, 2025

    MLS# 573553

    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.

    HighLights

    • Almost 30,000 interior SF building built in 1970 with central heating and central air
    • Approximately 13 offices plus 2 conference rooms and a large auditorium
    • Two kitchens and 3 storage rooms, with interior and exterior storage features
    • Circular drive up to a payment window, security fencing, covered outdoor loading dock, wash bay, and mechanic shop
    • Parking includes driveway, carport, oversize parking, special needs parking, and a garage
    • Accessible via main entrance on S Ben Jordan or an easement off Juan Linn St; public water and public sewer

    Overview

    This for-sale flex warehouse features a substantial interior office buildout and operational support areas within one building. The current layout includes approximately 13 offices, two conference rooms, a large auditorium, and multiple storage rooms, along with two kitchens. For hands-on work and workflow, the exterior includes a covered outdoor loading dock, a wash bay, a mechanic shop, three exterior offices with a restroom, a large storage area, and multiple work bays. A circular drive provides direct vehicular flow toward a payment window, and the site is enclosed with security fencing.

    The property sits on a 13+ acre lot and offers access through a main entrance on S Ben Jordan or via an easement off Juan Linn St. Additional site features include security fencing all around, which can support controlled access for service, repair, or light industrial operations.

    With both office and work-ready components, the building can fit a range of tenants or owner-operators needing administrative space alongside shop, storage, and loading capabilities. The mix of conference and auditorium space can also support internal training, meetings, or multi-use program needs, while the warehouse and bays support day-to-day logistics and maintenance activities. Contact us to schedule a showing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.98106
    Latitude
    28.789754

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    FAQs

    What type of property is this?
    Flex space - Large flex warehouse with extensive office, conference, and production-support areas plus covered loading and a wash bay.
    Where is this flex space located?
    The property is located at 102 S Ben Jordan Street Victoria, TX.
    What is the asking price?
    The asking price for this property is $1,140,000.
    What are key features of this property?
    This property features: Almost 30,000 interior SF building built in 1970 with central heating and central air; Approximately 13 offices plus 2 conference rooms and a large auditorium; Two kitchens and 3 storage rooms, with interior and exterior storage features
    (361) 237-0573
    We can help!
    Listing Contact
    Homer Escalante
    Real Estate License ID: 0745316
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    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.

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