Restaurant Property on Large
For Sale
$1,300,000
3402 Houston Hwy, Victoria, TX 77901
Restaurant building with room for dining, entertainment, and events on a substantial commercial site.
Property Size5,128 SF
Lot Size1.50 Acres
Days on Market48
Property Features for 3402 Houston Hwy
General Information
Standard status
Active
Size
5,128 SF
Lot size
1.50 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
5,128 SF
Year Built
1985
Stories
1
Listing Agency:
All Star Properties
Listed By:
Bobby Bankhead · License #0815042
(361) 652-2310
Source:
Elliman
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 7:54AM
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 All Star Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property includes a spacious building on nearly 1.5 acres and was constructed in 1985. The interior can accommodate dining, entertainment, and event-oriented operations, with additional usable space for other business concepts. On-site parking, access from Houston Hwy, and placement along a busy thoroughfare support customer-oriented operations.
Located at 3402 Houston Hwy in Victoria, the property records a Walk Score of 36 and a Bike Score of 28, classified as Car-Dependent and Somewhat Bikeable. Pool tables, an air hockey table, a claw/stuffed animal machine, and items stored in the storage building do not convey with the property.
Located at 3402 Houston Hwy in Victoria, the property records a Walk Score of 36 and a Bike Score of 28, classified as Car-Dependent and Somewhat Bikeable. Pool tables, an air hockey table, a claw/stuffed animal machine, and items stored in the storage building do not convey with the property.
Key Highlights
- Nearly 1.5‑acre restaurant property
- Spacious building constructed in 1985
- Located along Houston Hwy in Victoria, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,196
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,823,920
$1.8M
Cap Rate 7%
$1,302,800
$1.3M
Cap Rate 9%
$1,013,289
$1.0M
Market Conditions
NOI Build-Up for 5,128 SF
Gross rent
$128.0K $24.96/SF
− Vacancy
−$6.4K −$1.25/SF
EGI
$121.6K $23.71/SF
− OpEx
−$30.4K −$5.93/SF
NOI
$91.2K $17.78/SF
Area
Victoria County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,823,920
Cap Rate 7%
$1,302,800
Cap Rate 9%
$1,013,289
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,196 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$56.34M
$49.29M – $65.73M
NOI $3,943,551 @ 7.0% cap · market cap 303.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 35%
Hotels & Casinos 1%
Electronics 1%
Whataburger
Dining
22,424 visits/mo
0.3 miles
McDonald's
Dining
21,276 visits/mo
0.5 miles
Murphy USA
Shops & Services
17,339 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,729 visits/mo
0.4 miles
SONIC Drive In
Dining
9,327 visits/mo
0.2 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building with room for dining, entertainment, and events on a substantial commercial site.
Where is this conventional restaurant located?
The property is located at 3402 Houston Hwy Victoria, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Nearly 1.5‑acre restaurant property; Spacious building constructed in 1985; Located along Houston Hwy in Victoria, TX
