Updated Office
For Sale
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4405 Lilac Ln, Victoria, TX 77901
A 2,784-square-foot office offers a shared sitting area, with utilities and internet covered by the landlord.
Property Size2,784 SF
Price / SF$0.22
Days on Market10
Property Features for 4405 Lilac Ln
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
common sitting area
Building Details
Year Built
1981
Listing Agency:
Woolson Real Estate Inc
(361) 578-3623
Listed By:
Homecity Real Estate
(254) 939-3585
Source:
Homecity
Added: Oct 23
Changed: Oct 31
Last Checked: Nov 1 at 6:02AM
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 Woolson Real Estate Inc
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Investment Insights
Based on property information with market context.
This 2,784-square-foot office property was built in 1981 and has an updated interior with fresh paint. A shared sitting area provides space for visitors, while the office layout is described as suitable for counseling services.
The property is in central Victoria, just off Navarro and Mockingbird. Utilities and internet are covered by the landlord.
The property is in central Victoria, just off Navarro and Mockingbird. Utilities and internet are covered by the landlord.
Key Highlights
- 2,784 square feet of office space
- Shared common sitting area
- Utilities and internet covered by the landlord
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,568
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,360
$931.4K
Cap Rate 7%
$665,257
$665.3K
Cap Rate 9%
$517,422
$517.4K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$85.5K $30.72/SF
− Vacancy
−$23.4K −$8.42/SF
EGI
$62.1K $22.30/SF
− OpEx
−$15.5K −$5.58/SF
NOI
$46.6K $16.73/SF
Area
Victoria County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,360
Cap Rate 7%
$665,257
Cap Rate 9%
$517,422
Alternative Uses
Best Use
Office B
$665.3K
$582.1K – $776.1K
NOI $46,568 @ 7.0% cap · market cap 7,761.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$30.59M
$26.76M – $35.68M
NOI $2,140,961 @ 7.0% cap · market cap 356,826.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Balanced
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 Office in South region
Similar Off Market Nearby
- Powered On Tech Solutions — 1507 E Crestwood Dr, Victoria, TX 77901
- Crossroads Smart Phone Repair — 1211 E Mockingbird Ln, Victoria, TX 77904
- Office Depot Tech Services — 5106 N Navarro St, Victoria, TX 77904
Frequently Asked Questions
What type of property is this?
Office space - A 2,784-square-foot office offers a shared sitting area, with utilities and internet covered by the landlord.
Where is this office space located?
The property is located at 4405 Lilac Ln Victoria, TX.
What are key features of this property?
This property features: 2,784 square feet of office space; Shared common sitting area; Utilities and internet covered by the landlord
