Building Details

Year Built 2013

Stories 1

Units 1

Listing Agency: RE/MAX Grand

Listed By: ADEL HAZIM · License #TX 484450 Show Phone

Source: Crexi

Added: Apr 29 Changed: Oct 6 Last Checked: Oct 16 at 8:38AM

Report an Issue

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 Grand

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 2013, the 4,850-square-foot flex property combines approximately 750 square feet of office area with a larger shop component. The office portion includes a dedicated office, reception area, and restroom, while the surrounding 0.9-acre site is enclosed with fencing and accessed through a gate.

The property is located at 512 Hartman Rd in Victoria, Texas, with visibility from Highway 69. Its building-and-yard configuration provides a combination of administrative space, shop area, and secured outdoor storage or operational space.

Key Highlights

• 4,850‑square‑foot building constructed in 2013
• Approximately 750 square feet of office space with office, reception area, and restroom
• 0.9‑acre fenced lot with gate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,047

Cap Rate

6.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$680,940 $680.9K

Cap Rate 7%

$486,386 $486.4K

Cap Rate 9%

$378,300 $378.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,850 SF

Gross rent

$58.2K $12.00/SF

− Vacancy

−$5.8K −$1.20/SF

EGI

$52.4K $10.80/SF

− OpEx

−$18.3K −$3.78/SF

NOI

$34.0K $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 Rate 5%

$680,940

Cap Rate 7%

$486,386

Cap Rate 9%

$378,300

Alternative Uses

Best Use

Flex RnD

$486.4K

$425.6K – $567.5K (±1% cap)

NOI $34,047 @ 7.0% cap · market cap 6.88%

Second Best

Warehouse

$433.3K

$379.1K – $505.5K (±1% cap)

NOI $30,328 @ 7.0% cap · market cap 6.13%

Theoretical Best

Multifamily LT 5

$53.28M

$46.62M – $62.16M (±1% cap)

NOI $3,729,762 @ 7.0% cap · market cap 753.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Computer & Electronic Repair Building Supply Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 77905, TX

15,282

Population

6,854

Households

2.2

Avg Household Size

43

Median Age

17%

College-Educated

89%

High-School Grad

428.7 sq mi

ZIP Area

36

Density / Sq Mi

$81,925

Median Household Income

$43,522

Median Earnings

$1,094

Median Rent

$208,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Auto Shop with Paint Booth

3107 E Red River Street, Victoria, TX 77901

$449,900

4,550 SF

View details

Flex Space with Climate-Controlled Warehouse

506 E Rosebud Avenue, Victoria, TX 77901

$479,900

5,477 SF

View details

Flex Space with Oversized Doors

207 S Moody Street, Victoria, TX 77901

$450,000

5,600 SF

View details

Flex Space with Office and Warehouse

104 Cozzi Circle, Victoria, TX 77901

$309,900

4,600 SF

View details

Flex Space with Fenced Yard

13004 N Navarro, Victoria, TX 77904

$875,000

5,012 SF

View details

Flex Space with Secured Yard

3305 US Highway 59, Victoria, TX 77905

$499,900

8,160 SF

View details

Miniature Golf Property with Building

3102 Sam Houston Drive, Victoria, TX 77904

$449,900

3,000 SF

View details

Flex Space with Through Access

3304 Houston Highway, Victoria, TX 77901

$289,900

6,444 SF

View details

Multi-Section Auto Shop

4107 Port Lavaca Drive, Victoria, TX 77901

$290,000

6,666 SF

View details

Multi-Building Flex and Warehouse

3505 Houston Highway, Victoria, TX 77901

$495,000

10,646 SF

View details

Highway Commercial Property With Warehouse

3011 Houston Highway, Victoria, TX 77901

$439,000

9,480 SF

View details

Corner Automotive Shop Property

607 E Crestwood Drive, Victoria, TX 77901

$287,500

7,240 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Office, reception, restroom, shop, and gated fenced yard support mixed office and operational functions.

Where is this flex space located?

The property is located at 512 HARTMAN RD Victoria, TX.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: 4,850‑square‑foot building constructed in 2013; Approximately 750 square feet of office space with office, reception area, and restroom; 0.9‑acre fenced lot with gate