Flex Space with Secured
For Sale
$499,900
3305 US Highway 59, Victoria, TX 77905
CommercialSale, Victoria, TX
Property Size8,160 SF
Lot Size0.88 Acres
Price / SF$61.26
Days on Market56
Property Features for 3305 US Highway 59
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Carport
Lot features
City Lot, Level, Open Lot, Half To One Acre Lot
Directions
From Navarro, take Highway 87 South towards Port Lavaca. Right on US Highway 59 frontage road at Big Vic's store and property will be on the right.
Standard status
Active
APN
38765
Size
8,160 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALLEN & CAMERON INC SUBD LOT 4 BLOCK 1
Tax Annual Amount
4664
Legal Description
ALLEN & CAMERON INC SUBD LOT 4 BLOCK 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Amenities
break room
bathroom with shower
electric gate
Building Details
Year built
1978
Floors in Building
1
Building materials
Brick, MetalSiding
Roof type
Metal
Listing Agency:
Coldwell Banker D'Ann Harper
(210) 483-7000
Listed By:
The Zaplac Group
(361) 541-4100
Added: Jun 29
Changed: Aug 20
Last Checked: Aug 23 at 5:06PM
MLS# 617940
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 8,160-square-foot flex facility includes approximately 1,160 square feet of office space and approximately 7,300 square feet dedicated to warehouse and shop operations. The office component provides four private offices, while the main work area includes a 1-ton overhead crane, break room, and bathroom with shower. A covered exterior work area has a separate crane system, and the rear shop adds three overhead doors, an office, and another bathroom.
The 0.88-acre property features a fenced concrete yard with an electric gate and truck access. Built in 1978, the building has brick and metal siding, a metal roof, central heating, window-unit and central air cooling, public water, and public sewer. A carport is also included. The property is located at 3305 US Highway 59 in Victoria, Texas.
The 0.88-acre property features a fenced concrete yard with an electric gate and truck access. Built in 1978, the building has brick and metal siding, a metal roof, central heating, window-unit and central air cooling, public water, and public sewer. A carport is also included. The property is located at 3305 US Highway 59 in Victoria, Texas.
Key Highlights
- 8,160‑square‑foot flex facility on 0.88 acres
- Approximately 1,160 square feet of office space with four private offices
- Approximately 7,300‑square‑foot warehouse and shop area
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
$42,021
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
8.41%
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%
$840,420
$840.4K
Cap Rate 7%
$600,300
$600.3K
Cap Rate 9%
$466,900
$466.9K
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
−$18.0K −$2.21/SF
NOI
$42.0K $5.15/SF
Area
Victoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$840,420
Cap Rate 7%
$600,300
Cap Rate 9%
$466,900
Alternative Uses
Best Use
Flex RnD
$818.3K
$716.0K – $954.7K
NOI $57,283 @ 7.0% cap · market cap 11.46%
Second Best
Warehouse
$728.9K
$637.8K – $850.4K
NOI $51,025 @ 7.0% cap · market cap 10.21%
Theoretical Best
Multifamily LT 5
$89.65M
$78.44M – $104.59M
NOI $6,275,229 @ 7.0% cap · market cap 1,255.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility combines office, shop, crane, and secure yard functionality.
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 $499,900.
What are key features of this property?
This property features: 8,160‑square‑foot flex facility on 0.88 acres; Approximately 1,160 square feet of office space with four private offices; Approximately 7,300‑square‑foot warehouse and shop area
