Corner Storefront with Grease
New
For Sale
$328,000
6801 N Navarro Street, Victoria, TX 77904
CommercialSale, Victoria, TX
Property Size1,104 SF
Lot Size0.14 Acres
Price / SF$297.10
Days on Market6
Property Features for 6801 N Navarro Street
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Lot features
City Lot, Less Than Quarter Acre
Directions
Heading north on North Navarro, turn left onto Kelly Drive which is the entrance to Country Club Village and turn right into the parking lot just past the light/crossing.
Standard status
Active
APN
64359
Size
1,104 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
VICTORIA OPTICAL SUBD LOT 2 BLOCK 1
Tax Annual Amount
5482
Legal Description
VICTORIA OPTICAL SUBD LOT 2 BLOCK 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
grease trap
Building Details
Year built
1986
Floors in Building
2
Flooring type
Tile
Building materials
MetalSiding
Listing Agency:
Cornerstone Properties
(361) 576-2353
Listed By:
Brandi Jackson · License #0577155
(361) 655-7083
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 23 at 4:06PM
MLS# 623023
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 1,104-square-foot storefront property was built in 1986 and includes tile flooring, central heating, central air, and an accessible approach with ramp. A functioning grease trap expands the space’s suitability for restaurant, café, and other food-service operations. Public water and public sewer serve the property, while metal siding provides the exterior construction material.
The property occupies the signalized intersection of North Navarro Street and Kelly Drive in Victoria, directly across from Green Bros. Jewelers and Victoria ER. Starbucks and Target are identified nearby, with convenient access and ample parking noted in the property information. The space is offered for sale and is also available for lease.
The property occupies the signalized intersection of North Navarro Street and Kelly Drive in Victoria, directly across from Green Bros. Jewelers and Victoria ER. Starbucks and Target are identified nearby, with convenient access and ample parking noted in the property information. The space is offered for sale and is also available for lease.
Key Highlights
- 1,104 SF storefront property on a signalized corner
- Functional grease trap supports restaurant and food‑service uses
- Tile flooring with central heating and central air
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
$15,952
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
4.86%
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%
$319,040
$319.0K
Cap Rate 7%
$227,886
$227.9K
Cap Rate 9%
$177,244
$177.2K
Market Conditions
NOI Build-Up for 1,104 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
$24.2K $21.96/SF
− Vacancy
−$1.5K −$1.32/SF
EGI
$22.8K $20.64/SF
− OpEx
−$6.8K −$6.19/SF
NOI
$16.0K $14.45/SF
Area
Victoria County, TX
Vacancy
6.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$319,040
Cap Rate 7%
$227,886
Cap Rate 9%
$177,244
Alternative Uses
Best Use
Retail
$227.9K
$199.4K – $265.9K
NOI $15,952 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.13M
$10.61M – $14.15M
NOI $849,002 @ 7.0% cap · market cap 258.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
337k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Superstores 24%
Shops & Services 19%
Apparel 10%
Target
Superstores
79,921 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
36,559 visits/mo
0.3 miles
Ross Dress for Less
Apparel
32,339 visits/mo
0.4 miles
Starbucks
Dining
29,491 visits/mo
0.1 miles
Olive Garden
Dining
25,847 visits/mo
0.2 miles
Demographics for 77904, TX
29,646
Population
12,822
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
270
Density / Sq Mi
$86,821
Median Household Income
$44,632
Median Earnings
$1,272
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Petal Express — 6605 N Navarro St B, Victoria, TX 77904
Frequently Asked Questions
What type of property is this?
Storefront property - Signalized-corner retail space with tile flooring, central HVAC, and a functional grease trap for food-service use.
Where is this storefront property located?
The property is located at 6801 N Navarro Street Victoria, TX.
What is the asking price?
The asking price for this property is $328,000.
What are key features of this property?
This property features: 1,104 SF storefront property on a signalized corner; Functional grease trap supports restaurant and food‑service uses; Tile flooring with central heating and central air
