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    Former WellMed Medical Office Space Title is generated by Realmo AI

    4502 N Laurent St, Victoria, TX 77901

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    Medical office in central Victoria, ideal for owner-user.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 5 at 8:48 pm

    Property Features for 4502 N Laurent St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    William Nicholas

    Listing agent William Nicholas License #CalDRE #02271914

    Listing office CP Partners

    Listing date Mar 6, 2026

    Source Cppcre

    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 CP Partners

    HighLights

    • Ideal owner‑user opportunity with recent interior renovation (summer 2024).
    • Located in a medical office node surrounded by 11 medical practices and clinics.
    • Former WellMed site in central Victoria, Texas.
    • Victoria is the primary healthcare and retail hub for a 50‑mile radius.
    • High concentration of hospital beds (506) compared to the national average.
    • Over 300 hospitals and health services in Victoria.

    Overview

    The property is a former WellMed location in central Victoria, Texas, situated within a medical office area near major national retailers on North Navarro Street. The site is an ideal owner-user opportunity, with an interior renovation completed in the summer of 2024. It is surrounded by 11 medical practices and clinics. Victoria, Texas, serves as the primary healthcare and retail hub for the surrounding area within a 50-mile radius. The two major hospitals in Victoria have a total of 506 beds. There are over 300 hospitals and health services, including large public and private hospitals, rural and regional health services, and medical specialists in Victoria. The former WellMed site is scheduled to be vacated January 31, 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas Internal Medicine ... Medical Clinic Kishan Chand, MD Pediatrician Verma Omesh MD Physician WellMed at Victoria Station Medical Clinic Mr. Kurt D. ... Association / Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cochran Sandra L DVM — Victoria, TX 77901

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9927
    Latitude
    28.8353

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    FAQs

    What type of property is this?
    Medical Office Space - Medical office in central Victoria, ideal for owner-user.
    Where is this medical office space located?
    The property is located at 4502 N Laurent St Victoria, TX.
    What are key features of this property?
    This property features: Ideal owner‑user opportunity with recent interior renovation (summer 2024).; Located in a medical office node surrounded by 11 medical practices and clinics.; Former WellMed site in central Victoria, Texas.
    (628) 400-6467
    We can help!
    Listing Contact
    William Nicholas
    Real Estate License ID: CalDRE #02271914
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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