Industrial Flex Facility with
For Sale
Contact for pricing
3305 US Highway 59, Victoria, TX 77905
Industrial flex property with office space, warehouse shop areas, overhead crane capacity, and a fenced yard with electric gate.
Property Size8,160 SF
Price / SF$73.52
Days on Market54
Property Features for 3305 US Highway 59
General Information
Standard status
Active
Size
8,160 SF
Property subtype
Land
Additional Details
Fenced Yard
Yes
Drive-In Doors
3
Office Units
4
Building Details
Year Built
1978
Listing Agency:
Coldwell Banker Commercial Alamo City
(361) 550-7322
Listed By:
Jimmy Zaplac · License #524317
Source:
Crexi
Added: Jul 1
Changed: Aug 8
Last Checked: Jul 4 at 2:32AM
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
Investment Insights
Based on property information with market context.
The property is a versatile industrial flex facility designed to support a range of commercial, service, manufacturing, and contractor operations. The front office area includes four private offices and is sized for day-to-day administration and management. The warehouse/shop area offers a break room and a bathroom with shower, along with a 1-ton overhead crane to support material handling. An additional covered outdoor work area includes its own crane system for loading, staging, or processing larger equipment.
On-site operations are supported by a fenced concrete yard with an electric gate, providing secure storage and truck-friendly access. A second shop area in the rear adds further functionality, featuring three overhead doors, an office area, and an additional bathroom. This combination of indoor work zones, covered outdoor space, and secured yard area is intended to streamline moving materials and running multiple workflows.
For tenants or buyers needing integrated work and support space, the facility’s multiple shop areas, overhead door access, and crane capabilities can support equipment-intensive activities while maintaining on-site administrative and employee facilities. The covered outdoor work area and fenced yard are particularly useful for secure staging, larger material handling, or contractor-style operations that benefit from flexible space configuration.
On-site operations are supported by a fenced concrete yard with an electric gate, providing secure storage and truck-friendly access. A second shop area in the rear adds further functionality, featuring three overhead doors, an office area, and an additional bathroom. This combination of indoor work zones, covered outdoor space, and secured yard area is intended to streamline moving materials and running multiple workflows.
For tenants or buyers needing integrated work and support space, the facility’s multiple shop areas, overhead door access, and crane capabilities can support equipment-intensive activities while maintaining on-site administrative and employee facilities. The covered outdoor work area and fenced yard are particularly useful for secure staging, larger material handling, or contractor-style operations that benefit from flexible space configuration.
Key Highlights
- Built in 1978 industrial flex property with front office area and warehouse/shop spaces
- Front office offers approx. 1,160 SF with four private offices for administration and management
- Warehouse/shop includes approx. 7,300 SF plus a 1‑ton overhead crane, break room, and bathroom with shower
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
$51,025
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
8.51%
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%
$1,020,500
$1.0M
Cap Rate 7%
$728,929
$728.9K
Cap Rate 9%
$566,944
$566.9K
Market Conditions
NOI Build-Up for 8,160 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
$65.6K $8.04/SF
− Vacancy
−$5.6K −$0.68/SF
EGI
$60.0K $7.36/SF
− OpEx
−$9.0K −$1.10/SF
NOI
$51.0K $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 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%
$1,020,500
Cap Rate 7%
$728,929
Cap Rate 9%
$566,944
Alternative Uses
Best Use
Flex RnD
$818.3K
$716.0K – $954.7K
NOI $57,283 @ 7.0% cap · market cap 9.55%
Second Best
Warehouse
$728.9K
$637.8K – $850.4K
NOI $51,025 @ 7.0% cap · market cap 8.51%
Theoretical Best
Multifamily LT 5
$89.65M
$78.44M – $104.59M
NOI $6,275,229 @ 7.0% cap · market cap 1,046.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
4
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77905, TX
15,282
Population
6,854
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
428.7 sq mi
ZIP Area
36
Density / Sq Mi
$81,925
Median Household Income
$43,522
Median Earnings
$1,094
Median Rent
$208,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with office space, warehouse shop areas, overhead crane capacity, and a fenced yard with electric gate.
Where is this flex space located?
The property is located at 3305 US Highway 59 Victoria, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Built in 1978 industrial flex property with front office area and warehouse/shop spaces; Front office offers approx. 1,160 SF with four private offices for administration and management; Warehouse/shop includes approx. 7,300 SF plus a 1‑ton overhead crane, break room, and bathroom with shower
