High-Visibility Commercial Property on
For Sale
$4,790,000
4705 N Navarro St, Victoria, TX 77904
Turn-key commercial property with high visibility and ample parking.
Property Size12,760 SF
Lot Size2.00 Acres
Days on Market279
Property Features for 4705 N Navarro St
General Information
Standard status
Active
Size
12,760 SF
Lot size
2.00 Acres
Property subtype
Commercial
Building Details
Building Size
12,760 SF
Year Built
1988
Listing Agency:
RE/MAX Land & Homes
Listed By:
Jamie Powell · License #0660061
(361) 703-7777
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 24
Last Checked: Sep 1 at 7:54PM
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 RE/MAX Land & Homes
Investment Insights
Based on property information with market context.
This commercial property, situated on Navarro Street, offers a versatile space spanning approximately 12,760 square feet. The property is located at a four-way traffic light, providing exceptional exposure and accessibility. A large on-site parking lot offers convenience for customers and staff. This location offers space, visibility, and traffic flow.
Key Highlights
- Highly visible commercial property on Navarro Street, a high‑traffic corridor.
- Turn‑key condition, ready for immediate business operations.
- Approximately 12,760 square feet of versatile space.
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
$184,378
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
3.85%
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%
$3,687,560
$3.7M
Cap Rate 7%
$2,633,971
$2.6M
Cap Rate 9%
$2,048,644
$2.0M
Market Conditions
NOI Build-Up for 12,760 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
$280.2K $21.96/SF
− Vacancy
−$16.8K −$1.32/SF
EGI
$263.4K $20.64/SF
− OpEx
−$79.0K −$6.19/SF
NOI
$184.4K $14.45/SF
Area
Victoria County, TX
Vacancy
6.00%
Lease Rate
$21.96 /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%
$3,687,560
Cap Rate 7%
$2,633,971
Cap Rate 9%
$2,048,644
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $184,378 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$140.18M
$122.66M – $163.55M
NOI $9,812,736 @ 7.0% cap · market cap 204.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
194k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 14%
Groceries 12%
Home Improvements & Furnishings 7%
Texas Roadhouse
Dining
32,506 visits/mo
0.2 miles
Spec's
Groceries
23,623 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
19,154 visits/mo
0.3 miles
Whataburger
Dining
16,956 visits/mo
0.3 miles
Golden Corral
Dining
15,065 visits/mo
0.3 miles
Demographics for 77904, TX
29,646
Population
12,822
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
270
Density / Sq Mi
$86,821
Median Household Income
$44,632
Median Earnings
$1,272
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Expressions Floral & Gifts — 3809 N Main St, Victoria, TX 77901
- Victoria Flower Co. — 4705 N Navarro St #200, Victoria, TX 77904
- Catoosa Flowers — 5213 N Navarro St, Victoria, TX 77904
Frequently Asked Questions
What type of property is this?
Storefront property - Turn-key commercial property with high visibility and ample parking.
Where is this storefront property located?
The property is located at 4705 N Navarro St Victoria, TX.
What is the asking price?
The asking price for this property is $4,790,000.
What are key features of this property?
This property features: Highly visible commercial property on Navarro Street, a high‑traffic corridor.; Turn‑key condition, ready for immediate business operations.; Approximately 12,760 square feet of versatile space.
