Multi-Tenant Retail Strip
New
For Sale
$5,995,000
8617 N Navarro Street, Victoria, TX 77904
CommercialSale, Victoria, TX
Property Size16,501 SF
Lot Size1.82 Acres
Price / SF$363.31
Days on Market6
Property Features for 8617 N Navarro Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Northcrest Estates Resubd 4
Lot features
City Lot, Half To One Acre Lot
Directions
Drive north on Navarro. Pass Loop 463 and continue north. Turn left on Glascow and left again on Bingham. Entrance is first left.
Standard status
Active
APN
55608
Size
16,501 SF
Lot size
1.82 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
NORTHCREST ESTATES RESUBD NO 4, BLOCK 1 PT OF, LOT 1
Tax Annual Amount
29721
Legal Description
NORTHCREST ESTATES RESUBD NO 4, BLOCK 1 PT OF, LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Isabel Martinez · License #0654879
(361) 652-6734
Added: Oct 28
Changed: Oct 29
Last Checked: Nov 2 at 10:06AM
MLS# 628885
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center contains 16,501 square feet on a 1.8172-acre parcel. Brick construction, vinyl flooring, central heating, and central air conditioning are among its physical features. The property was built in 1965 and is served by public water and public sewer.
Situated at 8617 N Navarro Street in Victoria, the center is near Walmart, Lowe's, Hobby Lobby, Victoria Mall, Popeyes, and Academy Sports + Outdoors. The existing tenancy and rental income are part of the property's current operation.
Situated at 8617 N Navarro Street in Victoria, the center is near Walmart, Lowe's, Hobby Lobby, Victoria Mall, Popeyes, and Academy Sports + Outdoors. The existing tenancy and rental income are part of the property's current operation.
Key Highlights
- 16,501‑square‑foot retail center on 1.8172 acres
- Built in 1965 with brick construction
- Central heating and central air conditioning
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
Multifamily LT 5
$181.28M
$158.62M – $211.49M
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Public water and sewer serve this established retail property with central heating and air conditioning.
Where is this strip mall located?
The property is located at 8617 N Navarro Street 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 center on 1.8172 acres; Built in 1965 with brick construction; Central heating and central air conditioning
