1407 N Wheeler St Victoria, TX 77901
Commercial property on 0.30-acre lot with versatile layout.
Property Features for 1407 N Wheeler St
General Information
- Standard status
- Active
- Size
- 2,420 SF
- Lot size
- 0.30 Acres
- Property subtype
- Retail, Office, Hospitality, Mixed Use, Special Purpose
Building Details
- Year Built
- 1945
Listing office Cornerstone Properties (361) 333-2002
Listing date Nov 6, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Cornerstone Properties
Investment Insights
Based on property information with market context.
Key Highlights
- Prime 0.30‑acre corner lot location near downtown Victoria.
- High‑traffic location between North Navarro and North Main Street.
- Ample parking for clients and staff.
Local Financial Insights For Mixed Use
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 | $29.9k | $12.36 |
| − Vacancy | −$3.6k | −$1.48 |
| EGI | $26.3k | $10.88 |
| − OpEx | −$9.9k | −$4.08 |
| NOI | $16.5k | $6.80 |
