Retail Flex Building with Overhead
6602 N Navarro St Victoria, TX 77904
6602 N Navarro St, Victoria, TX, 77904
$950,000
For Sale
$950,000
Renovated 7,400 sf masonry flex building includes three pedestrian entrances and a 10x10 overhead door.
Property Size7,400 SF
Lot Size1.35 Acres
Price / SF$128.38
Days on Market406
Property Features for 6602 N Navarro St
General Information
- Standard status
- Active
- Size
- 7,400 SF
- Lot size
- 1.35 Acres
Listing agency
Woolson Real Estate Inc
(361) 578-3623
Listed by
Nancy J Garner · License #0319521
(361) 578-3623
Source
Exprealty
Added: Jun 11, 2025 Updated: Jul 20 at 4:38PM Checked: Jul 20 at 4:38PM
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 Woolson Real Estate Inc
Investment Insights
Based on property information with market context.
This retail flex building offers a mix of storefront-ready entry points and warehouse functionality. The property was built in 1978 and renovated in 2022. Improvements include three pedestrian entrances and one 10 x 10 overhead door, with masonry and rock construction on three sides and metal on the remainder. An awning at the entrance provides additional covered space, and the roof is built-up. Interior systems include three split HVAC systems, supporting multiple tenant configurations.
The site includes asphalt parking area of approximately 23,225 sf and approximately 800 sf of concrete, within an irregular-shaped parcel. Public remarks note a latest daily traffic count of 36,000.
Prior to renovation, the building was divided into a showroom and warehouse. The owner will consider a NNN lease at $12 annually.
The site includes asphalt parking area of approximately 23,225 sf and approximately 800 sf of concrete, within an irregular-shaped parcel. Public remarks note a latest daily traffic count of 36,000.
Prior to renovation, the building was divided into a showroom and warehouse. The owner will consider a NNN lease at $12 annually.
Key Highlights
- Renovated 7,400 SF masonry flex retail building built in 1978
- Could accommodate 1–3 tenants and was previously divided into showroom and warehouse
- Three pedestrian entrances plus one 10x10 overhead door
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.8k | $12.00 |
| − Vacancy | −$8.9k | −$1.20 |
| EGI | $79.9k | $10.80 |
| − OpEx | −$28.0k | −$3.78 |
| NOI | $51.9k | $7.02 |
7,400 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,928 @ 7.0% cap · market cap 11.26%
Second Best
Flex RnD
$742.1K
$649.4K – $865.8K
NOI $51,948 @ 7.0% cap · market cap 5.47%
Theoretical Best
Multifamily LT 5
$81.30M
$71.13M – $94.85M
NOI $5,690,772 @ 7.0% cap · market cap 599.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mattress Furniture Depot
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Renovated 7,400 sf masonry flex building includes three pedestrian entrances and a 10x10 overhead door.
Where is this retail space located?
The property is located at 6602 N Navarro St Victoria, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Renovated 7,400 SF masonry flex retail building built in 1978; Could accommodate 1–3 tenants and was previously divided into showroom and warehouse; Three pedestrian entrances plus one 10x10 overhead door
