Versatile Industrial Facility on Large
For Sale
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3202 Miori Lane, Victoria, TX 77901
13,734 SF industrial facility on 3.15 acres for sale.
Property Size13,734 SF
Lot Size3.15 Acres
Price / SF$109.15
Days on Market804
Property Features for 3202 Miori Lane
General Information
Standard status
Active
Size
13,734 SF
Lot size
3.15 Acres
Property subtype
Industrial
Building Details
Year Built
2017
Listing Agency:
Coldwell Banker Commercial Alamo City
Listed By:
Jimmy Zaplac · License #524317
(361) 550-7322
Source:
Crexi
Added: Aug 22, 2024
Changed: Oct 29
Last Checked: Nov 1 at 5:58AM
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 Coldwell Banker Commercial Alamo City
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Investment Insights
Based on property information with market context.
This 13,734 square foot industrial facility is situated on 3.15 acres. The property features two expansive suites and a large warehouse/shop area. Suite 100 includes a reception area, a break room with a fully equipped kitchen, and four oversized offices. Suite 200 consists of three offices and a spacious retail area with a full-service counter and a large flex area in the rear. Each suite has approximately 2000 square feet of storage space above. The warehouse/shop space is well insulated and features two 14'x16' overhead shop doors and one 12'x14' overhead shop door. The building has ample parking in front and some covered parking in the rear. A loading dock is on site.
Key Highlights
- Centrally located with easy access to main thoroughfares.
- 13,734 square foot industrial facility on 3.15 acres.
- Consists of 2 expansive suites and large warehouse/shop area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,413
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,928,260
$1.9M
Cap Rate 7%
$1,377,329
$1.4M
Cap Rate 9%
$1,071,256
$1.1M
Market Conditions
NOI Build-Up for 13,734 SF
Gross rent
$164.8K $12.00/SF
− Vacancy
−$16.5K −$1.20/SF
EGI
$148.3K $10.80/SF
− OpEx
−$51.9K −$3.78/SF
NOI
$96.4K $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 Rate 5%
$1,928,260
Cap Rate 7%
$1,377,329
Cap Rate 9%
$1,071,256
Alternative Uses
Best Use
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,413 @ 7.0% cap · market cap 6.43%
Second Best
Industrial
$1.01M
$884.1K – $1.18M
NOI $70,725 @ 7.0% cap · market cap 4.72%
Theoretical Best
Multifamily LT 5
$150.88M
$132.02M – $176.03M
NOI $10,561,765 @ 7.0% cap · market cap 704.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
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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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 13,734 SF industrial facility on 3.15 acres for sale.
Where is this flex space located?
The property is located at 3202 Miori Lane Victoria, TX.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Centrally located with easy access to main thoroughfares.; 13,734 square foot industrial facility on 3.15 acres.; Consists of 2 expansive suites and large warehouse/shop area.
