Flex Space with Fenced
For Sale
$875,000
13004 N Navarro, Victoria, TX 77904
CommercialSale, Victoria, TX
Property Size5,012 SF
Lot Size2.00 Acres
Price / SF$174.58
Days on Market1473
Property Features for 13004 N Navarro
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Attic, PermanentAtticStairs
Subdivision
Easley Properties SUBD
Lot features
One To Three Acres, City Lot
Directions
North on Navarro, 1/4 miles north of Walmart, on the right. There are two vacant lots on each side of the drive-way.
Standard status
Active
APN
45506
Size
5,012 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
EASLEY PROPERTIES SUBD LOT 2 BLOCK 1
Legal Description
EASLEY PROPERTIES SUBD LOT 2 BLOCK 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Brick, Carpet
Building materials
BrickVeneer, Frame
Roof type
Composition, Shingle
Listing Agency:
Woolson Real Estate Inc
(361) 578-3623
Listed By:
Nancy Garner · License #0319521
(361) 571-0161
Added: Aug 12, 2022
Changed: Aug 20
Last Checked: Aug 23 at 10:06PM
MLS# 477142
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 5,012-square-foot flex property combines office accommodations with a substantial shop component. The front office includes a reception area, receptionist office, work area with built-in cabinets and counters, four private offices, a kitchen, and two restrooms. The shop measures approximately 75 by 45 feet and includes four roll-up doors, a pedestrian door to the yard, a sink, and fluorescent lighting. Brick veneer and frame construction, central electric heating, public water and sewer, and a composition shingle roof serve the building.
The property is positioned along N. Navarro/Hwy 77 with driveway frontage, while the building and yard are set back from the road. Concrete parking is provided at the office, with two additional spaces outside the fenced area and more concrete in front of the shop doors. A fenced gravel yard encompasses approximately .75 acres. Additional Hwy frontage land is also available in separate parcels of 1.034 acres and .0735 acres.
The property is positioned along N. Navarro/Hwy 77 with driveway frontage, while the building and yard are set back from the road. Concrete parking is provided at the office, with two additional spaces outside the fenced area and more concrete in front of the shop doors. A fenced gravel yard encompasses approximately .75 acres. Additional Hwy frontage land is also available in separate parcels of 1.034 acres and .0735 acres.
Key Highlights
- 5,012 SF flex property with office and shop components
- Office layout includes reception, four private offices, kitchen, work area, and two restrooms
- Approximately 75 x 45‑foot shop with four roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,680
$703.7K
Cap Rate 7%
$502,629
$502.6K
Cap Rate 9%
$390,933
$390.9K
Market Conditions
NOI Build-Up for 5,012 SF
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.
Gross rent
$60.1K $12.00/SF
− Vacancy
−$6.0K −$1.20/SF
EGI
$54.1K $10.80/SF
− OpEx
−$18.9K −$3.78/SF
NOI
$35.2K $7.02/SF
Area
Victoria County, TX
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,680
Cap Rate 7%
$502,629
Cap Rate 9%
$390,933
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,836 @ 7.0% cap · market cap 9.58%
Second Best
Flex RnD
$502.6K
$439.8K – $586.4K
NOI $35,184 @ 7.0% cap · market cap 4.02%
Theoretical Best
Multifamily LT 5
$55.06M
$48.18M – $64.24M
NOI $3,854,344 @ 7.0% cap · market cap 440.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and shop areas are arranged for versatile commercial operations with dedicated work areas and secured outdoor storage.
Where is this flex space located?
The property is located at 13004 N Navarro Victoria, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 5,012 SF flex property with office and shop components; Office layout includes reception, four private offices, kitchen, work area, and two restrooms; Approximately 75 x 45‑foot shop with four roll‑up doors
