Remodeled Flex
For Sale
$499,900
506 E Rosebud Avenue, Victoria, TX 77901
CommercialSale, Victoria, TX
Property Size5,477 SF
Lot Size0.30 Acres
Price / SF$91.27
Days on Market51
Property Features for 506 E Rosebud Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Special Needs, Garage
Accessibility
Accessible Approach with Ramp
Subdivision
Crestwood South Add
Lot features
City Lot, Quarter To Half Acre Lot
Directions
When headed north on Navarro, turn right onto Rosebud and property is immediately on the left
Standard status
Active
APN
20419394
Size
5,477 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CRESTWOOD SOUTH ADD RESUBD NO 6, BLOCK C, LOT 2R
Tax Annual Amount
1865
Legal Description
CRESTWOOD SOUTH ADD RESUBD NO 6, BLOCK C, LOT 2R
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Flooring type
Concrete
Building materials
MetalFrame, MetalSiding
Roof type
Metal
Listing Agency:
The Ron Brown Company
(361) 575-1446
Listed By:
Jake Truss · License #0730168
(361) 550-7878
Added: Jul 3
Changed: Aug 22
Last Checked: Aug 22 at 2:06AM
MLS# 618653
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 5,477-square-foot flex property sits on 0.3 acres and has undergone a comprehensive interior and exterior renovation. Improvements include updated plumbing and electrical systems, spray foam insulation, a metal roof, metal siding, painted walls, flake epoxy flooring, and contemporary fixtures. The building includes multiple offices, two bathrooms, and an attached climate-controlled warehouse that can support storage or operational needs. One bathroom includes a tiled shower.
Access features include more than 20 parking spaces, two overhead doors, and an accessible approach with ramp. The property is positioned directly off Navarro, also identified as Business Hwy 77, in Victoria. Public water and sewer serve the site, while central heating and central air provide building systems support. Originally constructed in 1955, the structure now presents a substantially refreshed commercial configuration.
Access features include more than 20 parking spaces, two overhead doors, and an accessible approach with ramp. The property is positioned directly off Navarro, also identified as Business Hwy 77, in Victoria. Public water and sewer serve the site, while central heating and central air provide building systems support. Originally constructed in 1955, the structure now presents a substantially refreshed commercial configuration.
Key Highlights
- 5,477‑square‑foot flex property on 0.3 acres
- Comprehensive renovation with updated plumbing, electrical, insulation, roof, siding, flooring, and fixtures
- Multiple offices plus an attached climate‑controlled warehouse
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
$38,449
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
7.69%
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%
$768,980
$769.0K
Cap Rate 7%
$549,271
$549.3K
Cap Rate 9%
$427,211
$427.2K
Market Conditions
NOI Build-Up for 5,477 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
$65.7K $12.00/SF
− Vacancy
−$6.6K −$1.20/SF
EGI
$59.2K $10.80/SF
− OpEx
−$20.7K −$3.78/SF
NOI
$38.4K $7.02/SF
Area
Victoria County, TX
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$768,980
Cap Rate 7%
$549,271
Cap Rate 9%
$427,211
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,614 @ 7.0% cap · market cap 18.33%
Second Best
Flex RnD
$549.3K
$480.6K – $640.8K
NOI $38,449 @ 7.0% cap · market cap 7.69%
Theoretical Best
Multifamily LT 5
$60.17M
$52.65M – $70.20M
NOI $4,211,940 @ 7.0% cap · market cap 842.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MAMA CHELA ANTOJITOS Y MAS — 1604 E Crestwood Dr, Victoria, TX 77901
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial layout combines finished offices with a climate-controlled warehouse and updated building systems.
Where is this flex space located?
The property is located at 506 E Rosebud Avenue Victoria, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 5,477‑square‑foot flex property on 0.3 acres; Comprehensive renovation with updated plumbing, electrical, insulation, roof, siding, flooring, and fixtures; Multiple offices plus an attached climate‑controlled warehouse
