Historic Mixed-Use
For Sale
$279,000
607 N Bridge, Victoria, TX 77901
Downtown Victoria property with original wood floors, generous ceiling height, and multiple flexible interior spaces.
Property Size1,129 SF
Price / SF$247.12
Days on Market41
Property Features for 607 N Bridge
General Information
Standard status
Active
Size
1,129 SF
Property subtype
CommercialSale
Amenities
original wood floors
high ceilings
spacious rooms
abundant natural light
welcoming front porch
enclosed sunroom
Listing Agency:
Keller Williams Brazos West - VAAR
(361) 550-1965
Listed By:
Tracy Post Gore · License #0589069
(361) 550-1965
Source:
Cornerstone-properties
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 29 at 9:19AM
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 Keller Williams Brazos West - VAAR
Investment Insights
Based on property information with market context.
This historic mixed-use property at 607 N Bridge in Victoria combines adaptable interior space with period character. Original wood floors, high ceilings, spacious rooms, and abundant natural light define the interior. A front porch and enclosed sunroom add additional usable areas and extend the property’s architectural appeal.
The downtown setting supports a range of potential applications identified for the property, including professional office use, a boutique business, short-term rental use, or a private residence. Ample off-street parking is also included, providing a practical feature for occupants and visitors.
The downtown setting supports a range of potential applications identified for the property, including professional office use, a boutique business, short-term rental use, or a private residence. Ample off-street parking is also included, providing a practical feature for occupants and visitors.
Key Highlights
- Historic property at 607 N Bridge in downtown Victoria, TX 77901
- Original wood floors and high ceilings
- Spacious rooms with abundant natural light
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
$18,885
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
6.77%
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%
$377,700
$377.7K
Cap Rate 7%
$269,786
$269.8K
Cap Rate 9%
$209,833
$209.8K
Market Conditions
NOI Build-Up for 1,129 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
$34.7K $30.72/SF
− Vacancy
−$9.5K −$8.42/SF
EGI
$25.2K $22.30/SF
− OpEx
−$6.3K −$5.58/SF
NOI
$18.9K $16.73/SF
Area
Victoria County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$377,700
Cap Rate 7%
$269,786
Cap Rate 9%
$209,833
Alternative Uses
Best Use
Apartment 5plus
$11.00M
$9.62M – $12.83M
NOI $769,950 @ 7.0% cap · market cap 275.97%
Second Best
Office B
$269.8K
$236.1K – $314.8K
NOI $18,885 @ 7.0% cap · market cap 6.77%
Theoretical Best
Multifamily LT 5
$12.40M
$10.85M – $14.47M
NOI $868,227 @ 7.0% cap · market cap 311.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Victoria property with original wood floors, generous ceiling height, and multiple flexible interior spaces.
Where is this mixed-use property located?
The property is located at 607 N Bridge Victoria, TX.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Historic property at 607 N Bridge in downtown Victoria, TX 77901; Original wood floors and high ceilings; Spacious rooms with abundant natural light
