Manufacturing Facility with
For Sale
$2,000,000
400 Warehouse Road, Victoria, TX 77905
CommercialSale, Victoria, TX
Property Size14,046 SF
Lot Size5.01 Acres
Price / SF$142.39
Days on Market686
Property Features for 400 Warehouse Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway, Special Needs
Security features
Security
Interior features
Storage
Exterior features
Lighting, Storage
Lot features
Five To Ten Acres
Directions
Leaving Victoria take business 59S for 6 miles. Turn right onto Warehouse Road. After .7 miles turn left on Turkey Lane. Lawrence Furniture Company is on the righ after 100 feet.
Standard status
Active
APN
92929
Size
14,046 SF
Lot size
5.01 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
01280 M ZEPEDA ABST 128, TRACT 311, ACRES 5.01
Legal Description
01280 M ZEPEDA ABST 128, TRACT 311, ACRES 5.01
Building Details
Year built
2005
Floors in Building
1
Flooring type
Carpet, Concrete
Building materials
BattsInsulation, MetalFrame, SteelFrame
Additional Structures
Storage
Listing Agency:
Keller Williams Brazos West - VAAR · Keller Williams Realty
(817) 279-6996
Listed By:
Tracy Post Gore · License #0589069
(361) 550-1965
Added: Oct 8, 2024
Changed: Aug 20
Last Checked: Aug 24 at 12:06AM
MLS# 559330
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 14,046-square-foot manufacturing facility occupies 5.01 fenced acres and includes multiple buildings, office areas, and storage space. Constructed in 2005 with a steel frame and slab foundation, the property has concrete flooring throughout, carpeted areas, handicap accessibility, lighting, and security systems. Equipment, vehicles, machinery, and inventory are included in the sale.
The property is located at 400 Warehouse Road in Victoria, Texas, just off Business 59. On-site parking includes 16+ spaces, with driveway and special-needs parking features. The building configuration and existing improvements support manufacturing or warehouse operations, with space arranged for production, storage, office functions, and controlled access.
The property is located at 400 Warehouse Road in Victoria, Texas, just off Business 59. On-site parking includes 16+ spaces, with driveway and special-needs parking features. The building configuration and existing improvements support manufacturing or warehouse operations, with space arranged for production, storage, office functions, and controlled access.
Key Highlights
- 14,046 square feet of improved manufacturing and warehouse space
- 5.01 fenced acres with multiple buildings and office areas
- Equipment, vehicles, machinery, and inventory included
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
$87,831
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
4.39%
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%
$1,756,620
$1.8M
Cap Rate 7%
$1,254,729
$1.3M
Cap Rate 9%
$975,900
$975.9K
Market Conditions
NOI Build-Up for 14,046 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
$112.9K $8.04/SF
− Vacancy
−$9.6K −$0.68/SF
EGI
$103.3K $7.36/SF
− OpEx
−$15.5K −$1.10/SF
NOI
$87.8K $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%
$1,756,620
Cap Rate 7%
$1,254,729
Cap Rate 9%
$975,900
Alternative Uses
Best Use
Warehouse
$1.25M
$1.10M – $1.46M
NOI $87,831 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$1.03M
$904.2K – $1.21M
NOI $72,332 @ 7.0% cap · market cap 3.62%
Theoretical Best
Multifamily LT 5
$154.31M
$135.02M – $180.03M
NOI $10,801,700 @ 7.0% cap · market cap 540.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
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?
Manufacturing property - Steel-frame facility offers offices, storage, concrete flooring, and included operational equipment.
Where is this manufacturing property located?
The property is located at 400 Warehouse Road Victoria, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 14,046 square feet of improved manufacturing and warehouse space; 5.01 fenced acres with multiple buildings and office areas; Equipment, vehicles, machinery, and inventory included
