Renovated Mixed-Use
For Sale
$1,250,000
3-114 N Main St, Victoria, TX 77901
Includes professional offices, street-level retail, and an upstairs area prepared for custom build-out.
Property Size15,724 SF
Price / SF$79.50
Days on Market67
Property Features for 3-114 N Main St
General Information
Standard status
Active
Size
15,724 SF
Building Details
Buildings
1
Listing Agency:
The Ron Brown Company
(361) 575-1446
Listed By:
Kelsey Hughes · License #0807326
(361) 433-5747
Source:
Exprealty
Added: Aug 3
Changed: Oct 3
Last Checked: Oct 7 at 3:22PM
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 The Ron Brown Company
Investment Insights
Based on property information with market context.
This 15,724-square-foot mixed-use building brings together several distinct commercial areas within a downtown Victoria property. The space at 114 N Main includes approximately 2,600 square feet of renovated professional office space arranged as 7 private offices. At 110 N Main, approximately 5,000 square feet of street-level retail space features exposed ducts and recent renovations. The upstairs area at 112 N Main has an open layout, new flooring, and a clean interior ready for custom build-out.
The property is positioned directly on the downtown square at 3-114 N Main St, placing multiple commercial spaces within a central Victoria setting. A new TPO roof was installed in 2024, adding a recent building improvement to the existing office, retail, and upstairs configurations.
The property is positioned directly on the downtown square at 3-114 N Main St, placing multiple commercial spaces within a central Victoria setting. A new TPO roof was installed in 2024, adding a recent building improvement to the existing office, retail, and upstairs configurations.
Key Highlights
- 15,724‑square‑foot mixed‑use property at 3‑114 N Main St, Victoria, TX
- 114 N Main includes approximately 2, 600 square feet of renovated office space
- Office area is configured into 7 private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,892
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,137,840
$2.1M
Cap Rate 7%
$1,527,029
$1.5M
Cap Rate 9%
$1,187,689
$1.2M
Market Conditions
NOI Build-Up for 15,724 SF
Gross rent
$194.3K $12.36/SF
− Vacancy
−$23.3K −$1.48/SF
EGI
$171.0K $10.88/SF
− OpEx
−$64.1K −$4.08/SF
NOI
$106.9K $6.80/SF
Area
Victoria County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,137,840
Cap Rate 7%
$1,527,029
Cap Rate 9%
$1,187,689
Alternative Uses
Best Use
Office B
$3.76M
$3.29M – $4.38M
NOI $263,016 @ 7.0% cap · market cap 21.04%
Second Best
Retail
$3.25M
$2.84M – $3.79M
NOI $227,207 @ 7.0% cap · market cap 18.18%
Theoretical Best
Multifamily LT 5
$172.74M
$151.15M – $201.54M
NOI $12,092,121 @ 7.0% cap · market cap 967.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,075
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes professional offices, street-level retail, and an upstairs area prepared for custom build-out.
Where is this mixed-use property located?
The property is located at 3-114 N Main St Victoria, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 15,724‑square‑foot mixed‑use property at 3‑114 N Main St, Victoria, TX; 114 N Main includes approximately 2, 600 square feet of renovated office space; Office area is configured into 7 private offices
