Remodeled Flex Space with
For Sale
$499,900
506 Rosebud Avenue, Victoria, TX 77901
Updated commercial property combines office space with a climate-controlled warehouse.
Property Size5,477 SF
Price / SF$91.27
Days on Market59
Property Features for 506 Rosebud Avenue
General Information
Standard status
Active
Size
5,477 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Conditioned Warehouse
Yes
Amenities
Central Air
3
Concrete
Metal
Garage, Handicap Parking, No Parking.
City Road.
Building Details
Year Built
1955
Stories
1
Construction
metal frame
Listing Agency:
(361) 550-7878
Listed By:
The Ron Brown Company
(361) 550-7878
Source:
Xome
Added: Jun 26
Changed: Aug 21
Last Checked: Aug 23 at 3:42AM
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 The Ron Brown Company
Investment Insights
Based on property information with market context.
Built in 1955 and comprehensively remodeled, this 5,477-square-foot flex property combines finished office areas with an attached climate-controlled warehouse. The work included updated plumbing, electrical systems, spray foam insulation, a metal roof, metal siding, painted walls, flake epoxy flooring, and modern fixtures. The interior includes multiple offices and two bathrooms, including a full bath with a tiled shower.
The property is located directly off Navarro, also identified as Business Hwy 77, in Victoria. Access is supported by more than 20 parking spaces and two overhead doors. The adaptable configuration can accommodate office, retail, storage, and operational functions, with room to further customize the office layout. Its prior use by a graphic design firm and recently completed improvements provide a practical foundation for continued commercial occupancy.
The property is located directly off Navarro, also identified as Business Hwy 77, in Victoria. Access is supported by more than 20 parking spaces and two overhead doors. The adaptable configuration can accommodate office, retail, storage, and operational functions, with room to further customize the office layout. Its prior use by a graphic design firm and recently completed improvements provide a practical foundation for continued commercial occupancy.
Key Highlights
- 5,477 sq. ft. flex property with office areas and an attached climate‑controlled warehouse
- Comprehensively remodeled with updated plumbing, electrical, insulation, roofing, siding, flooring, and fixtures
- Multiple offices with two bathrooms, including a full bath with tiled shower
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial property combines office space with a climate-controlled warehouse.
Where is this flex space located?
The property is located at 506 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 sq. ft. flex property with office areas and an attached climate‑controlled warehouse; Comprehensively remodeled with updated plumbing, electrical, insulation, roofing, siding, flooring, and fixtures; Multiple offices with two bathrooms, including a full bath with tiled shower
