Boutique Executive Office
For Sale
$340,000
204 N Liberty St, Victoria, TX 77901
Flexible downtown workspace with private offices, reception, conference, and support areas.
Property Size1,561 SF
Price / SF$217.81
Days on Market29
Property Features for 204 N Liberty St
General Information
Standard status
Active
Size
1,561 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
high ceilings
embossed metal ceiling details
slate tile
hand-scraped wood flooring
carpeted private offices
custom stained-glass
antique-style brass mail drop
decorative details
iron and wood spiral staircase
reception/foyer
conference room
break room/kitchenette
storage/file room
two half baths
upper loft
Building Details
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Stephanie Ferguson · License #0761380
(361) 550-6200
Source:
Exprealty
Added: Sep 9
Changed: Oct 5
Last Checked: Oct 5 at 10:46PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Located at 204 N Liberty St in downtown Victoria, this 1950 office building combines a professional layout with distinctive architectural finishes. The interior includes four private offices arranged in two connected groupings, along with a reception and foyer, conference room, break room and kitchenette, storage and file room, and two half baths. An elevated loft overlooks the foyer and provides additional workspace and storage potential.
Interior details include high ceilings, embossed metal ceiling treatments, slate tile, hand-scraped wood flooring, carpeted offices, stained glass, decorative door elements, and an iron-and-wood spiral staircase. Electrical and plumbing were professionally completed during the office build-out. The HVAC condenser was recently replaced, and the roof was repaired in 2024. The property is two blocks from the Victoria County Courthouse, one block off the downtown square, and provides street parking with rear alley access.
Interior details include high ceilings, embossed metal ceiling treatments, slate tile, hand-scraped wood flooring, carpeted offices, stained glass, decorative door elements, and an iron-and-wood spiral staircase. Electrical and plumbing were professionally completed during the office build-out. The HVAC condenser was recently replaced, and the roof was repaired in 2024. The property is two blocks from the Victoria County Courthouse, one block off the downtown square, and provides street parking with rear alley access.
Key Highlights
- Four private offices configured as two interconnected office groupings
- Elevated loft overlooking the foyer with additional workspace and storage potential
- High ceilings, embossed metal ceiling details, slate tile, and hand‑scraped wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,111
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,220
$522.2K
Cap Rate 7%
$373,014
$373.0K
Cap Rate 9%
$290,122
$290.1K
Market Conditions
NOI Build-Up for 1,561 SF
Gross rent
$48.0K $30.72/SF
− Vacancy
−$13.1K −$8.42/SF
EGI
$34.8K $22.30/SF
− OpEx
−$8.7K −$5.58/SF
NOI
$26.1K $16.73/SF
Area
Victoria County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,220
Cap Rate 7%
$373,014
Cap Rate 9%
$290,122
Alternative Uses
Best Use
Office B
$373.0K
$326.4K – $435.2K
NOI $26,111 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.15M
$15.01M – $20.01M
NOI $1,200,445 @ 7.0% cap · market cap 353.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,159
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
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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?
Office building - Flexible downtown workspace with private offices, reception, conference, and support areas.
Where is this office building located?
The property is located at 204 N Liberty St Victoria, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Four private offices configured as two interconnected office groupings; Elevated loft overlooking the foyer with additional workspace and storage potential; High ceilings, embossed metal ceiling details, slate tile, and hand‑scraped wood flooring
