Building Details

Tenancy Multi

Listing Agency: eXp Realty LLC Show Phone

Listed By: Isabel Martinez · License #0654879 Show Phone

Source: Cornerstone-properties

Added: Oct 30 Last Checked: Nov 1 at 5:05AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This strip mall in Victoria has established tenants and generates rental income. Its address is 8617 N Navarro Street, with an additional address listed as 8607.

Nearby destinations include Walmart, Lowe’s, Hobby Lobby, Victoria Mall, Popeyes, and Academy Sports + Outdoors. The property is situated on North Navarro Street in the city’s north side area.

Key Highlights

• Established tenants and existing rental income
• North Navarro Street location in Victoria, Texas
• Nearby destinations include Walmart, Lowe’s, Hobby Lobby, Victoria Mall, Popeyes, and Academy Sports + Outdoors

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

Is this asking price fair?

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 (±1% cap)

NOI $238,434 @ 7.0% cap · market cap 3.98%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$181.28M

$158.62M – $211.49M (±1% cap)

NOI $12,689,652 @ 7.0% cap · market cap 211.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

T-Mobile Mobile Phone Store

Suggested Use

Top Pick Law Firm Hair Salon Kitchen & Bath Showroom HVAC Service Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - Current tenants provide rental income at a North Navarro Street retail location near shopping and dining destinations.

Where is this strip mall located?

The property is located at 8617 N Navarro Street 8607 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: Established tenants and existing rental income; North Navarro Street location in Victoria, Texas; Nearby destinations include Walmart, Lowe’s, Hobby Lobby, Victoria Mall, Popeyes, and Academy Sports + Outdoors