Retail Outparcel Near Victoria
For Sale
Contact for pricing
7306 NE Zac Lentz Pkwy, Victoria, TX 77904
New construction retail space near Victoria Mall available for sale.
Property Size5,775 SF
Price / SF$496.97
Days on Market225
Property Features for 7306 NE Zac Lentz Pkwy
General Information
Standard status
Active
Size
5,775 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$155,000
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
Anne Perrault · License #OK
Source:
Crexi
Added: Mar 2
Changed: Oct 3
Last Checked: Oct 12 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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of a retail space with a size of 5775 square feet. The property is a new construction outparcel to Victoria Mall. The property is under a corporate lease.
Key Highlights
- Corporate Lease in place
- New Construction property
- Year Built: 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,447
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,940
$1.7M
Cap Rate 7%
$1,192,100
$1.2M
Cap Rate 9%
$927,189
$927.2K
Market Conditions
NOI Build-Up for 5,775 SF
Gross rent
$126.8K $21.96/SF
− Vacancy
−$7.6K −$1.32/SF
EGI
$119.2K $20.64/SF
− OpEx
−$35.8K −$6.19/SF
NOI
$83.4K $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 Rate 5%
$1,668,940
Cap Rate 7%
$1,192,100
Cap Rate 9%
$927,189
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,447 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$63.44M
$55.51M – $74.02M
NOI $4,441,109 @ 7.0% cap · market cap 154.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
535k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Superstores 20%
Shops & Services 19%
Apparel 15%
Target
Superstores
79,921 visits/mo
0.2 miles
McDonald's
Dining
36,198 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
36,147 visits/mo
0.4 miles
Ross Dress for Less
Apparel
32,339 visits/mo
0.2 miles
Cinemark Victoria
Leisure
29,542 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - New construction retail space near Victoria Mall available for sale.
Where is this retail space located?
The property is located at 7306 NE Zac Lentz Pkwy Victoria, TX.
What is the asking price?
The asking price for this property is $2,870,000.
What are key features of this property?
This property features: Corporate Lease in place; New Construction property; Year Built: 2024
