Multi-Tenant Retail
8607-8617 N Navarro St, Victoria, TX 77904
For Sale
$5,995,000
Established tenants generate rental income at this North Navarro property.
Property Size16,501 SF
Price / SF$363.31
Days on Market16
Property Features for 8607-8617 N Navarro St
General Information
Standard status
Size
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Isabel Martinez · License TX #0654879
(361) 652-6734
Source:
Exprealty
Added: Oct 29
Changed: Nov 12
Last Checked: Nov 12 at 2:13PM
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 eXp Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 16,501-square-foot retail center at 8607-8617 N Navarro St in Victoria is occupied by established, long-term tenants and produces rental income.
Nearby shopping and dining destinations include Walmart, Lowe’s, Hobby Lobby, Victoria Mall, Popeyes, and Academy Sports + Outdoors.
Nearby shopping and dining destinations include Walmart, Lowe’s, Hobby Lobby, Victoria Mall, Popeyes, and Academy Sports + Outdoors.
Key Highlights
- 16,501‑square‑foot retail property
- Established long‑term tenants and rental income
- Located at 8607‑8617 N Navarro St in Victoria
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,434
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,768,680
$4.8M
Cap Rate 7%
$3,406,200
$3.4M
Cap Rate 9%
$2,649,267
$2.6M
Market Conditions
NOI Build-Up for 16,501 SF
Gross rent
$362.4K $21.96/SF
− Vacancy
−$21.7K −$1.32/SF
EGI
$340.6K $20.64/SF
− OpEx
−$102.2K −$6.19/SF
NOI
$238.4K $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%
$4,768,680
Cap Rate 7%
$3,406,200
Cap Rate 9%
$2,649,267
Alternative Uses
Best Use
Retail
$3.41M
$2.98M – $3.97M
NOI $238,434 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.80M
$5.08M – $6.77M
NOI $406,321 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
559k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Apparel 32%
Shops & Services 19%
Home Improvements & Furnishings 8%
Academy Sports + Outdoors
Apparel
68,118 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
41,991 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
41,652 visits/mo
0.3 miles
Kohl's
Apparel
36,659 visits/mo
0.3 miles
McDonald's
Dining
36,198 visits/mo
0.4 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
Frequently Asked Questions
What type of property is this?
Strip mall - Established tenants generate rental income at this North Navarro property.
Where is this strip mall located?
The property is located at 8607-8617 N Navarro St Victoria, TX.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: 16,501‑square‑foot retail property; Established long‑term tenants and rental income; Located at 8607‑8617 N Navarro St in Victoria
