Highway Frontage Commercial
For Sale
$250,000
11760 Nursery Drive, Victoria, TX 77904
1.4-acre commercial property with 2,160 sq. ft. building.
Property Size2,160 SF
Lot Size1.40 Acres
Price / SF$115.74
Days on Market211
Property Features for 11760 Nursery Drive
General Information
Standard status
Active
Size
2,160 SF
Lot size
1.40 Acres
Property subtype
CommercialSale
Listing Agency:
Shaw Realty
(361) 579-7429
Listed By:
Kari Weiser · License #0681267
(361) 649-9797
Source:
Cornerstone-properties
Added: Mar 11
Changed: Sep 11
Last Checked: Oct 7 at 12:12PM
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 Shaw Realty
Investment Insights
Based on property information with market context.
This 1.4-acre commercial property is located right off a major highway, offering visibility and access. The property includes a 2,160 sq. ft. building suitable for various uses such as a bar, event venue, retail space, or warehouse. The property also features an established fireworks stand lease, providing additional income potential. Ample parking area and open land are available, offering room for future expansion or outdoor operations. The location provides high traffic exposure and versatile use options.
Key Highlights
- Prime commercial property with highway frontage for maximum visibility and easy access.
- 1.4‑acre lot with ample parking and open land for future expansion.
- 2,160 sq. ft. building suitable for various uses: bar, event venue, retail, or warehouse.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,507
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,140
$270.1K
Cap Rate 7%
$192,957
$193.0K
Cap Rate 9%
$150,078
$150.1K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$17.4K $8.04/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$15.9K $7.36/SF
− OpEx
−$2.4K −$1.10/SF
NOI
$13.5K $6.25/SF
Area
Victoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,140
Cap Rate 7%
$192,957
Cap Rate 9%
$150,078
Alternative Uses
Best Use
Specialty Retail
$548.8K
$480.2K – $640.2K
NOI $38,413 @ 7.0% cap · market cap 15.37%
Second Best
Retail
$445.9K
$390.1K – $520.2K
NOI $31,211 @ 7.0% cap · market cap 12.48%
Theoretical Best
Multifamily LT 5
$23.73M
$20.76M – $27.68M
NOI $1,661,090 @ 7.0% cap · market cap 664.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 77904, TX
29,646
Population
12,822
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
270
Density / Sq Mi
$86,821
Median Household Income
$44,632
Median Earnings
$1,272
Median Rent
$237,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - 1.4-acre commercial property with 2,160 sq. ft. building.
Where is this commercial land located?
The property is located at 11760 Nursery Drive Victoria, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime commercial property with highway frontage for maximum visibility and easy access.; 1.4‑acre lot with ample parking and open land for future expansion.; 2,160 sq. ft. building suitable for various uses: bar, event venue, retail, or warehouse.**
