Goodyear Commercial Auto
New
For Sale
$2,900,000
9007 N US Hwy 59, Victoria, TX 77905
Commercial service facility with grade-level access and substantial outdoor operating area.
Property Size181,236 SF
Lot Size4.16 Acres
Price / SF$143.15
Days on Market4
Property Features for 9007 N US Hwy 59
General Information
Standard status
Active
Size
181,236 SF
Lot size
4.16 Acres
Property subtype
Commercial
Lease Term
±5 Years
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
10
Building Details
Building Size
181,236 SF
Buildings
1
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services
(310) 919-5790
Listed By:
Alexander Harrold · License #02009656 (CA)
(310) 919-5790
Source:
Matthews
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 3:51AM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This Goodyear Commercial Tire & Service Center contains approximately 20,258 square feet and is configured with ten grade-level doors. The facility occupies approximately 4.16 acres, with building coverage of 11%, providing outdoor space for equipment movement, storage, and service operations. The property serves commercial customers, including trucking fleets, logistics operators, construction firms, municipalities, and heavy equipment users.
The facility is located at 9007 N US Hwy 59 in Victoria, Texas, with direct positioning along U.S. Highway 59. The site is described as part of the future Interstate 69 corridor and is near the Port of Victoria. The lease includes annual rent increases equal to the greater of CPI or 3.00%.
The facility is located at 9007 N US Hwy 59 in Victoria, Texas, with direct positioning along U.S. Highway 59. The site is described as part of the future Interstate 69 corridor and is near the Port of Victoria. The lease includes annual rent increases equal to the greater of CPI or 3.00%.
Key Highlights
- Goodyear Commercial Tire & Service Center serving commercial and fleet customers
- Approximately 20,258 square feet with 10 grade‑level doors
- Approximately 4.16‑acre site with 11% Building/Lot Coverage
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
$104,321
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
3.60%
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%
$2,086,420
$2.1M
Cap Rate 7%
$1,490,300
$1.5M
Cap Rate 9%
$1,159,122
$1.2M
Market Conditions
NOI Build-Up for 20,258 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
$162.9K $8.04/SF
− Vacancy
−$13.8K −$0.68/SF
EGI
$149.0K $7.36/SF
− OpEx
−$44.7K −$2.21/SF
NOI
$104.3K $5.15/SF
Area
Victoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$2,086,420
Cap Rate 7%
$1,490,300
Cap Rate 9%
$1,159,122
Alternative Uses
Best Use
Retail
$4.18M
$3.66M – $4.88M
NOI $292,722 @ 7.0% cap · market cap 10.09%
Second Best
Industrial
$1.49M
$1.30M – $1.74M
NOI $104,321 @ 7.0% cap · market cap 3.60%
Theoretical Best
Multifamily LT 5
$222.56M
$194.74M – $259.65M
NOI $15,578,872 @ 7.0% cap · market cap 537.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77905, TX
15,282
Population
6,854
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
428.7 sq mi
ZIP Area
36
Density / Sq Mi
$81,925
Median Household Income
$43,522
Median Earnings
$1,094
Median Rent
$208,100
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Auto shop - Commercial service facility with grade-level access and substantial outdoor operating area.
Where is this auto shop located?
The property is located at 9007 N US Hwy 59 Victoria, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Goodyear Commercial Tire & Service Center serving commercial and fleet customers; Approximately 20,258 square feet with 10 grade‑level doors; Approximately 4.16‑acre site with 11% Building/Lot Coverage
