Property profile

1505 E Rio Grande St Victoria, TX 77901

FOR LEASE
Grocery and convenience stores
Property ID
US82-6042524
88,038 SF 15.91 ac lot Built 2006
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 1505 E Rio Grande St in Victoria, Texas, 77901, offers a total of 88,000 square feet of leasable space in a multi-tenant building. Currently, a 2,625 square foot space is available, formerly occupied by Advance Vision Care and situated as an end cap unit. The property benefits significantly from its prime location within Victoria County, enjoying high visibility and accessibility. A key advantage is its proximity to a major anchor tenant, HEB Grocery, which drives substantial foot traffic and enhances the overall desirability of the location for prospective tenants. This presents a unique opportunity for businesses seeking a well-established retail space in a thriving area. The property's size and configuration make it suitable for a variety of retail uses, offering excellent potential for growth and profitability. The address is easily accessible from major roadways, ensuring convenient access for customers and employees alike. This is an ideal location for businesses seeking high visibility and a strong customer base. The available 2,625 square foot space offers a versatile layout adaptable to various retail needs. Serious inquiries are encouraged to explore this exceptional retail opportunity.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2006
Construction FRAME
Total area 88,038 SF
Lot 15.91 ac (692,822 SF)
APN 35047-001-00100
UPID US82-6042524

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm Crypto Atm
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy

Location

1505 E Rio Grande St Victoria, TX 77901
Victoria metro Census 201 VICTORIA, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.97M
Blend (final) Blend
$10.21M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $10.9M +26.0%
Commercial (general) $10.5M +21.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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