Retail Space with
For Sale
$4,790,000
4705 N Navarro Street, Victoria, TX 77904
CommercialSale, Victoria, TX
Property Size12,760 SF
Lot Size2.00 Acres
Price / SF$375.39
Days on Market500
Property Features for 4705 N Navarro Street
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Interior features
Storage
Exterior features
Lighting
Subdivision
T S C Industries Sub
Lot features
One To Three Acres
Elementary school district
Victoria ISD
Middle school district
Victoria ISD
High school district
Victoria ISD
Directions
From Zac Lentz Parkway head south on Navarro appx 1.8 miles. Property located on the right hand side at the light.
Standard status
Active
APN
76491
Size
12,760 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
T S C INDUSTRIES SUBD LOT 1 BLOCK 1
Tax Annual Amount
47087
Legal Description
T S C INDUSTRIES SUBD LOT 1 BLOCK 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
2
Flooring type
Carpet, Wood
Building materials
Brick, MetalFrame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
RE/MAX Land & Homes · RE/MAX International
(361) 573-0444
Listed By:
Jamie Powell · License #0660061
(361) 703-7777
Added: Apr 23, 2025
Changed: Aug 20
Last Checked: Sep 4 at 5:06AM
MLS# 575847
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 retail property provides 12,760 square feet within a 2.0002-acre site. The building dates to 1988 and combines brick and metal-frame construction with a metal roof. Interior features include storage, while carpet and wood flooring support a varied commercial layout. Central electric heating and central air conditioning serve the space.
Positioned at 4705 N Navarro Street in Victoria, the property sits at a four-way traffic light with a large on-site parking lot. Public water and public sewer serve the property. Exterior lighting is also in place, adding a practical feature for customer and staff access.
Positioned at 4705 N Navarro Street in Victoria, the property sits at a four-way traffic light with a large on-site parking lot. Public water and public sewer serve the property. Exterior lighting is also in place, adding a practical feature for customer and staff access.
Key Highlights
- 12,760‑square‑foot retail building on 2.0002 acres
- Located at a four‑way traffic light on 4705 N Navarro Street
- Large on‑site parking lot for customers and staff
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
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
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Frequently Asked Questions
What type of property is this?
Retail space - Brick-and-metal construction includes customer parking, storage, and on-site lighting.
Where is this retail space located?
The property is located at 4705 N Navarro Street 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: 12,760‑square‑foot retail building on 2.0002 acres; Located at a four‑way traffic light on 4705 N Navarro Street; Large on‑site parking lot for customers and staff
