Industrial Flex Fueling
12104 US-59 Victoria, TX 77905
For Sale
$3,750,000
Versatile industrial flex property with highway frontage, drive-in doors, offices, and a specialized on-site fueling system.
Property Size18,300 SF
Lot Size8.14 Acres
Price / SF$204.92
Days on Market113
Property Features for 12104 US-59
General Information
- Standard status
- Active
- Size
- 18,300 SF
- Lot size
- 8.14 Acres
- Property subtype
- Vacant-User
Building Details
- Year Built
- 2018
Listing Agency:
Houston Office
(713) 452-4303
Listed By:
Watt Harrison · License #TX: 621361
(713) 452-4303
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 22
Last Checked: Jul 24 at 4:34AM
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 Houston Office
Investment Insights
Based on property information with market context.
12104–12312 US Highway 59 N is an 8.14-acre industrial flex and distribution property totaling 18,300 square feet, built between 2017 and 2018. The facility is improved for industrial and logistics operations with 18-foot clear height and multiple drive-in doors, including three overhead doors in the main building and two each in barn structures one and three. Office space includes six offices plus a conference room, kitchen/breakroom, and multiple restrooms.
The site provides 436 feet of highway frontage for visibility and access. It also features a specialized fueling facility with three 12,000-gallon UL142 double-wall tanks installed in 2017, along with electronic manifold capability, overfill prevention alarms, explosion-proof electrical conduit, high-capacity dispensing equipment, and a PetroVend 2000 fuel management system with card reader or pin pad for inventory control.
The site provides 436 feet of highway frontage for visibility and access. It also features a specialized fueling facility with three 12,000-gallon UL142 double-wall tanks installed in 2017, along with electronic manifold capability, overfill prevention alarms, explosion-proof electrical conduit, high-capacity dispensing equipment, and a PetroVend 2000 fuel management system with card reader or pin pad for inventory control.
Key Highlights
- 8.14‑acre industrial/commercial property built in 2017–2018 with 18,300 SF gross leasable area
- 436 ft of US Highway 59 N frontage for visibility and straightforward site access
- 18‑ft clear height plus multiple drive‑in doors: 3 overhead doors in the main building and 2 overhead doors each in barn structures 1 and 3
Financial Insights For Flex RnD
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 | $219.6k | $12.00 |
| − Vacancy | −$22.0k | −$1.20 |
| EGI | $197.6k | $10.80 |
| − OpEx | −$69.2k | −$3.78 |
| NOI | $128.5k | $7.02 |
18,300 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.14M
NOI $128,466 @ 7.0% cap · market cap 3.43%
Second Best
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,432 @ 7.0% cap · market cap 3.05%
Theoretical Best
Multifamily LT 5
$201.04M
$175.91M – $234.55M
NOI $14,073,124 @ 7.0% cap · market cap 375.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Versatile industrial flex property with highway frontage, drive-in doors, offices, and a specialized on-site fueling system.
Where is this flex space located?
The property is located at 12104 US-59 Victoria, TX.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 8.14‑acre industrial/commercial property built in 2017–2018 with 18,300 SF gross leasable area; 436 ft of US Highway 59 N frontage for visibility and straightforward site access; 18‑ft clear height plus multiple drive‑in doors: 3 overhead doors in the main building and 2 overhead doors each in barn structures 1 and 3
