Corner-Lot Mixed-Use
For Sale
$399,900
706 E Santa Rosa Street, Victoria, TX 77901
CommercialSale, Victoria, TX
Property Size3,476 SF
Lot Size0.45 Acres
Price / SF$115.05
Days on Market56
Property Features for 706 E Santa Rosa Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Victoria
Lot features
Corner Lot, City Lot, Quarter To Half Acre Lot
Directions
From Navarro heading South turn left onto Santa Rosa property is on the left side.
Standard status
Active
APN
63909
Size
3,476 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
VICTORIA, BLOCK 218, LOT 2
Tax Annual Amount
3749
Legal Description
VICTORIA, BLOCK 218, LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
large safe
kitchen area
multiple restrooms
Building Details
Year built
1900
Floors in Building
2
Flooring type
Linoleum, Carpet, Concrete, Wood
Building materials
Frame, MetalSiding
Roof type
Metal
Listing Agency:
Manning Real Estate Group
(361) 571-1851
Listed By:
Karen S Murray · License #0770935
(361) 649-9451
Added: Jun 29
Changed: Aug 20
Last Checked: Aug 23 at 9:06PM
MLS# 618289
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 mixed-use property contains 3,476 square feet on a 0.4456-acre corner lot in downtown Victoria. The interior includes spacious rooms, office areas, a kitchen, multiple restrooms, and a large safe. Existing finishes include linoleum, carpet, concrete, and wood, with frame construction, metal siding, and a metal roof. The building dates to 1900 and offers central air conditioning with electric heating.
Located at 706 E Santa Rosa Street, the property is served by public water and public sewer. Its prior commercial configuration included a lumber yard, resale shop, and offices, providing a varied physical layout for continued mixed-use occupancy.
Located at 706 E Santa Rosa Street, the property is served by public water and public sewer. Its prior commercial configuration included a lumber yard, resale shop, and offices, providing a varied physical layout for continued mixed-use occupancy.
Key Highlights
- 3,476‑square‑foot mixed‑use property on 0.4456 acres
- Corner‑lot location at 706 E Santa Rosa Street in downtown Victoria
- Interior includes spacious rooms, office areas, kitchen, multiple restrooms, and a large safe
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
$23,630
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
5.91%
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%
$472,600
$472.6K
Cap Rate 7%
$337,571
$337.6K
Cap Rate 9%
$262,556
$262.6K
Market Conditions
NOI Build-Up for 3,476 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
$43.0K $12.36/SF
− Vacancy
−$5.2K −$1.48/SF
EGI
$37.8K $10.88/SF
− OpEx
−$14.2K −$4.08/SF
NOI
$23.6K $6.80/SF
Area
Victoria County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
37.50%
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%
$472,600
Cap Rate 7%
$337,571
Cap Rate 9%
$262,556
Alternative Uses
Best Use
Retail
$717.5K
$627.8K – $837.1K
NOI $50,227 @ 7.0% cap · market cap 12.56%
Second Best
Mixed Use
$337.6K
$295.4K – $393.8K
NOI $23,630 @ 7.0% cap · market cap 5.91%
Theoretical Best
Multifamily LT 5
$38.19M
$33.41M – $44.55M
NOI $2,673,125 @ 7.0% cap · market cap 668.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
938
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Beauty & Spa 12%
Exxon
Shops & Services
5,476 visits/mo
0.5 miles
The Woodhouse Day Spa
Beauty & Spa
764 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible interior includes office rooms, a kitchen area, multiple restrooms, and a large safe.
Where is this mixed-use property located?
The property is located at 706 E Santa Rosa Street Victoria, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,476‑square‑foot mixed‑use property on 0.4456 acres; Corner‑lot location at 706 E Santa Rosa Street in downtown Victoria; Interior includes spacious rooms, office areas, kitchen, multiple restrooms, and a large safe
