Flex Combination Property with
For Sale
$899,000
205 Profit Drive, Victoria, TX 77901
Includes office reception, 20+ offices, air-conditioned storage, bay doors, 5-ton crane, and paved entrances with laydown yard.
Property Size12,838 SF
Price / SF$70.03
Days on Market180
Property Features for 205 Profit Drive
General Information
Standard status
Active
Size
12,838 SF
Listing Agency:
Manning Real Estate Group
(361) 571-1851
Listed By:
Lena Manning · License #0774055
(361) 208-3302
Source:
Cornerstone-properties
Added: Apr 24
Changed: Oct 11
Last Checked: Oct 19 at 6:38AM
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 Manning Real Estate Group
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Investment Insights
Based on property information with market context.
This flex/combination property offers office space and warehouse/shop functionality in one facility. The office area includes a reception area, 20+ offices, conference rooms, drafting rooms, layout tables, and design rooms, along with air-conditioned storage for files or product. Offices may be remodeled to create larger spaces depending on business needs. Upstairs provides additional storage with an option for living quarters. The shop component includes additional spaces with bay doors and a 5-ton crane that can also support warehouse storage.
The property includes approximately 1+ acres of laydown yard or parking. Trucks can access the site via two paved entrances, with room to add a third entrance. Located in the Crossroads area of Victoria, the remarks note the property is centrally located between Houston, Corpus Christi, San Antonio, and Austin.
The property includes approximately 1+ acres of laydown yard or parking. Trucks can access the site via two paved entrances, with room to add a third entrance. Located in the Crossroads area of Victoria, the remarks note the property is centrally located between Houston, Corpus Christi, San Antonio, and Austin.
Key Highlights
- 1968 flex/commercial property with office reception, 20+ offices, conference rooms, and drafting/design rooms
- Air‑conditioned storage for files or product plus upstairs additional storage with option of living quarters
- Additional shop spaces with bay doors and a 5‑ton crane for shop or warehouse storage use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,277
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,605,540
$1.6M
Cap Rate 7%
$1,146,814
$1.1M
Cap Rate 9%
$891,967
$892.0K
Market Conditions
NOI Build-Up for 12,838 SF
Gross rent
$103.2K $8.04/SF
− Vacancy
−$8.8K −$0.68/SF
EGI
$94.4K $7.36/SF
− OpEx
−$14.2K −$1.10/SF
NOI
$80.3K $6.25/SF
Area
Victoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,605,540
Cap Rate 7%
$1,146,814
Cap Rate 9%
$891,967
Alternative Uses
Best Use
Office B
$3.07M
$2.68M – $3.58M
NOI $214,742 @ 7.0% cap · market cap 23.89%
Second Best
Flex RnD
$1.29M
$1.13M – $1.50M
NOI $90,123 @ 7.0% cap · market cap 10.02%
Theoretical Best
Multifamily LT 5
$141.04M
$123.41M – $164.55M
NOI $9,872,720 @ 7.0% cap · market cap 1,098.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Under-served
Demand for This Use
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Includes office reception, 20+ offices, air-conditioned storage, bay doors, 5-ton crane, and paved entrances with laydown yard.
Where is this flex space located?
The property is located at 205 Profit Drive Victoria, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1968 flex/commercial property with office reception, 20+ offices, conference rooms, and drafting/design rooms; Air‑conditioned storage for files or product plus upstairs additional storage with option of living quarters; Additional shop spaces with bay doors and a 5‑ton crane for shop or warehouse storage use
