Flex Space with Oversized
New
For Sale
$450,000
207 S Moody Street, Victoria, TX 77901
CommercialSale, Victoria, TX
Property Size5,600 SF
Lot Size0.44 Acres
Price / SF$80.36
Days on Market2
Property Features for 207 S Moody Street
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
BedroomOnMainLevel, FullBathOnMainLevel
Exterior features
Lighting
Subdivision
Victoria
Lot features
City Lot, Quarter To Half Acre Lot
Directions
From US-59 Business (N Main St), head south. Turn left onto W Rio Grande St, then right onto S Moody St. Property will be on the left.
Standard status
Active
APN
62866
Size
5,600 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VICTORIA LOT 1 BLOCK 66
Tax Annual Amount
5075
Legal Description
VICTORIA LOT 1 BLOCK 66
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Flooring type
Concrete, Laminate
Building materials
SteelFrame
Listing Agency:
Coldwell Banker D'Ann Harper
(210) 483-7000
Listed By:
Kaitlyn Espinosa · License #0759194
(361) 571-5283
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 5:06PM
MLS# 624923
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 5,600-square-foot flex space combines showroom, warehouse, and office components within a steel-frame commercial building constructed in 2006. The interior includes a showroom with a bathroom, a separate break room with a full bath, and a private upstairs office. Concrete and laminate flooring, central heating, and lighting support a practical operating environment. Two oversized garage doors provide direct access for loading and equipment movement.
The property occupies 0.4435 acres at 207 S Moody Street in Victoria, Texas 77901. Public water and public sewer serve the site. The configuration can accommodate showroom, retail, warehouse, light industrial, and trade-oriented operations, subject to applicable requirements.
The property occupies 0.4435 acres at 207 S Moody Street in Victoria, Texas 77901. Public water and public sewer serve the site. The configuration can accommodate showroom, retail, warehouse, light industrial, and trade-oriented operations, subject to applicable requirements.
Key Highlights
- 5,600‑square‑foot flex space on 0.4435 acres
- Two oversized garage doors for loading and equipment access
- Showroom with bathroom, separate break room with full bath, and private upstairs office
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
$39,312
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
8.74%
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%
$786,240
$786.2K
Cap Rate 7%
$561,600
$561.6K
Cap Rate 9%
$436,800
$436.8K
Market Conditions
NOI Build-Up for 5,600 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
$67.2K $12.00/SF
− Vacancy
−$6.7K −$1.20/SF
EGI
$60.5K $10.80/SF
− OpEx
−$21.2K −$3.78/SF
NOI
$39.3K $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%
$786,240
Cap Rate 7%
$561,600
Cap Rate 9%
$436,800
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $80,918 @ 7.0% cap · market cap 17.98%
Second Best
Flex RnD
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 8.74%
Theoretical Best
Multifamily LT 5
$61.52M
$53.83M – $71.78M
NOI $4,306,530 @ 7.0% cap · market cap 957.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Crawfish Cajun Catering — 302 W Rio Grande St, Victoria, TX 77901
- Country Catering & Bar-B-Que — Victoria, TX 77901
- ROOSTERS — 1506 N Liberty St Suite B, Victoria, TX 77901
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout with showroom, warehouse capacity, private office, break room, and two full bathrooms.
Where is this flex space located?
The property is located at 207 S Moody Street Victoria, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5,600‑square‑foot flex space on 0.4435 acres; Two oversized garage doors for loading and equipment access; Showroom with bathroom, separate break room with full bath, and private upstairs office
