Houston Highway Commercial
For Sale
$950,000
3208 Houston Highway, Victoria, TX 77901
1.6-acre commercial property with retail, warehouse, and office space.
Property Size10,000 SF
Lot Size1.60 Acres
Price / SF$95
Days on Market212
Property Features for 3208 Houston Highway
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.60 Acres
Property subtype
CommercialSale
Listing Agency:
CrossRoads Realty
(361) 218-8601
Listed By:
Robert D Rivera · License #0243200
(361) 573-4609
Source:
Cornerstone-properties
Added: Mar 10
Changed: Oct 6
Last Checked: Oct 7 at 12:13PM
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 CrossRoads Realty
Investment Insights
Based on property information with market context.
Located on Houston Highway (US Business 59), this commercial property features a building of approximately 10,000 square feet with an attached 2,000-square-foot warehouse. The property has both front access from Houston Highway and rear access from Red River Street. Currently used as a retail rent-to-own business and a smoke shop, the building includes 4 to 6 offices and 3 bathrooms. The back area of the 1.602-acre property features a 3-bay metal shop, a metal building for scaffold storage, and a metal 4-car garage. The location is near shopping marts, fast food restaurants, hospitals, medical offices, and The University of Houston and dormitories. This property is suitable for retail, a strip center, medical or dental offices, dining, oil field-related businesses, or mixed-use development.
Key Highlights
- Prime commercial location on Houston Highway (US Business 59) with high visibility and traffic volume.
- Large 1.602‑acre property suitable for various developments.
- Approximately 10,000 SF building with an attached 2,000 SF warehouse.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,980
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,359,600
$1.4M
Cap Rate 7%
$971,143
$971.1K
Cap Rate 9%
$755,333
$755.3K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$123.6K $12.36/SF
− Vacancy
−$14.8K −$1.48/SF
EGI
$108.8K $10.88/SF
− OpEx
−$40.8K −$4.08/SF
NOI
$68.0K $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%
$1,359,600
Cap Rate 7%
$971,143
Cap Rate 9%
$755,333
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,270 @ 7.0% cap · market cap 17.61%
Second Best
Retail
$2.06M
$1.81M – $2.41M
NOI $144,497 @ 7.0% cap · market cap 15.21%
Theoretical Best
Multifamily LT 5
$109.86M
$96.13M – $128.17M
NOI $7,690,232 @ 7.0% cap · market cap 809.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
716
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 1.6-acre commercial property with retail, warehouse, and office space.
Where is this retail space located?
The property is located at 3208 Houston Highway Victoria, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime commercial location on Houston Highway (US Business 59) with high visibility and traffic volume.; Large 1.602‑acre property suitable for various developments.; Approximately 10,000 SF building with an attached 2,000 SF warehouse.
