Renovated Mixed-Use
New
For Sale
$1,250,000
114 N Main Street, Victoria, TX 77901
COMMERCIAL - Victoria, TX
Property Size15,724 SF
Lot Size0.06 Acres
Price / SF$79.50
Days on Market2
Property Features for 114 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
PullDownAtticStairs
Subdivision
Victoria
Lot features
Alley, City Lot, Views
Directions
On Main Street facing the middle of DeLeon Plaza.
Standard status
Active
APN
63258
Size
15,724 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VICTORIA TIF 59610 LOT 7 BLOCK 128 1/2
Tax Annual Amount
6488
Legal Description
VICTORIA TIF 59610 LOT 7 BLOCK 128 1/2
Utilities
Water source
Public
Building Details
Year built
1918
Floors in Building
2
Flooring type
Concrete, Wood
Building materials
BrickVeneer
Listing Agency:
The Ron Brown Company
(361) 575-1446
Listed By:
Kelsey Hughes · License #0807326
(361) 433-5747
Added: Aug 3
Last Checked: Aug 4 at 4:06AM
MLS# 621434
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.
Investment Insights
Based on property information with market context.
This 15,724-square-foot mixed-use property at 114 N Main Street combines professional office, retail, and adaptable upper-level space. The 114 N Main component contains approximately 2,600 square feet of renovated office area arranged as 7 private offices. At 110 N Main, approximately 5,000 square feet of street-level retail space includes exposed ductwork and recent improvements. The upstairs 112 N Main area offers an open layout with new flooring, providing a clean starting point for a customized build-out.
The property sits directly on the downtown square in Victoria, with multiple storefront-oriented spaces across its Main Street addresses. A new TPO roof was installed in 2024. Additional physical features include brick veneer construction, concrete and wood flooring, pull-down attic stairs, and public water service. The building dates to 1918 and occupies a 0.064-acre lot.
The property sits directly on the downtown square in Victoria, with multiple storefront-oriented spaces across its Main Street addresses. A new TPO roof was installed in 2024. Additional physical features include brick veneer construction, concrete and wood flooring, pull-down attic stairs, and public water service. The building dates to 1918 and occupies a 0.064-acre lot.
Key Highlights
- 15,724‑square‑foot mixed‑use property across 110, 112, and 114 N Main Street
- Approximately 2,600 square feet of renovated office space with 7 private offices
- Approximately 5,000 square feet of renovated street‑level retail space
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.3k | $12.36 |
| − Vacancy | −$23.3k | −$1.48 |
| EGI | $171.0k | $10.88 |
| − OpEx | −$64.1k | −$4.08 |
| NOI | $106.9k | $6.80 |
15,724 SF · lease $12.36/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$3.76M
$3.29M – $4.38M
NOI $263,016 @ 7.0% cap · market cap 21.04%
Second Best
Retail
$3.25M
$2.84M – $3.79M
NOI $227,207 @ 7.0% cap · market cap 18.18%
Theoretical Best
Multifamily LT 5
$172.74M
$151.15M – $201.54M
NOI $12,092,121 @ 7.0% cap · market cap 967.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
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
Market
Properties on Market for Mixed-use properties in Victoria
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple updated spaces accommodate professional office use, retail activity, and a flexible upstairs build-out.
Where is this mixed-use property located?
The property is located at 114 N Main Street Victoria, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 15,724‑square‑foot mixed‑use property across 110, 112, and 114 N Main Street; Approximately 2,600 square feet of renovated office space with 7 private offices; Approximately 5,000 square feet of renovated street‑level retail space
