Renovated Mixed-Use
114 N Main Street, Victoria, TX 77901
For Sale
Contact for pricing
Multiple commercial spaces combine renovated office and retail areas with an upstairs floor ready for custom build-out.
Property Size2,600 SF
Price / SF$1.75
Days on Market101
Property Features for 114 N Main Street
General Information
Standard status
Size
Building Details
Year Renovated
Buildings
Tenancy
Listing Agency:
The Ron Brown Company
(361) 575-1446
Listed By:
Kelsey Hughes · License TX #0807326
(361) 433-5747
Source:
Cornerstone-properties
Added: Aug 5
Changed: Nov 11
Last Checked: Nov 12 at 7:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Ron Brown Company
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Investment Insights
Based on property information with market context.
This mixed-use property combines three distinct commercial spaces within a historic downtown building constructed in 1918. The 114 N Main space contains approximately 2,600 square feet of renovated professional office space arranged into 7 private offices. At 110 N Main, approximately 5,000 square feet of renovated street-level retail space features exposed ducts and high visibility. The upstairs 112 N Main space offers an open layout, new flooring, and a clean interior for a custom build-out.
The property is located directly on the square in downtown Victoria, with the three spaces addressing N Main St. A new TPO roof was installed in 2024. The property also has a Walk Score of 59 and a Bike Score of 48, classified as Somewhat Walkable and Somewhat Bikeable, respectively.
The property is located directly on the square in downtown Victoria, with the three spaces addressing N Main St. A new TPO roof was installed in 2024. The property also has a Walk Score of 59 and a Bike Score of 48, classified as Somewhat Walkable and Somewhat Bikeable, respectively.
Key Highlights
- Approximately 2,600 square feet of renovated office space at 114 N Main
- Office layout includes 7 private offices
- Approximately 5,000 square feet of renovated street‑level retail at 110 N Main
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,675
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,500
$353.5K
Cap Rate 7%
$252,500
$252.5K
Cap Rate 9%
$196,389
$196.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$32.1K $12.36/SF
− Vacancy
−$3.9K −$1.48/SF
EGI
$28.3K $10.88/SF
− OpEx
−$10.6K −$4.08/SF
NOI
$17.7K $6.80/SF
Area
Victoria County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,500
Cap Rate 7%
$252,500
Cap Rate 9%
$196,389
Alternative Uses
Best Use
Office B
$621.3K
$543.6K – $724.8K
NOI $43,490 @ 7.0% cap
Second Best
Retail
$536.7K
$469.6K – $626.2K
NOI $37,569 @ 7.0% cap
Theoretical Best
Office A
$914.6K
$800.3K – $1.07M
NOI $64,022 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
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Business Placement
Demographics for 77901, TX
40,062
Population
17,438
Households
2.3
Avg Household Size
35
Median Age
15%
College-Educated
76%
High-School Grad
18.1 sq mi
ZIP Area
2,213
Density / Sq Mi
$57,728
Median Household Income
$33,127
Median Earnings
$1,105
Median Rent
$133,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple commercial spaces combine renovated office and retail areas with an upstairs floor ready for custom build-out.
Where is this mixed-use property located?
The property is located at 114 N Main Street Victoria, TX.
What are key features of this property?
This property features: Approximately 2,600 square feet of renovated office space at 114 N Main; Office layout includes 7 private offices; Approximately 5,000 square feet of renovated street‑level retail at 110 N Main
