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    114 Medical Dr Victoria, TX 77904

    Sponsored
    For Sale
    Contact for pricing

    2.5-Acre Commercial Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2.5-acre (108,926.14 square feet) commercial land parcel presents a unique redevelopment opportunity in Victoria, Texas. Strategically located at the corner of Medical Drive and Allan Miller Drive, this unrestricted site enjoys high visibility and convenient access. Its proximity to Highway 87 and US 77 Zac Lentz Parkway, coupled with its adjacency to DeTar Hospital North, positions it ideally for a variety of commercial ventures. The property is situated outside the 500-year floodplain, mitigating potential flood-related risks. The surrounding area boasts a robust economy driven by key sectors including healthcare, oil and gas extraction, retail, manufacturing, and hospitality. This translates to a strong potential customer base, further enhanced by an average household income of $142,379 within a one-mile radius. The absence of specific zoning restrictions allows for considerable flexibility in development plans, making this a highly attractive investment for discerning buyers seeking a prime location with significant growth potential. The property's size and location offer a compelling opportunity for developers seeking to capitalize on the thriving commercial landscape of Victoria, Texas. This is a rare chance to acquire a substantial, well-situated parcel ready for immediate development. The site's location near major roadways and a prominent hospital ensures high visibility and accessibility, making it an ideal location for a variety of commercial uses.

    Property Features for 114 Medical Dr

    General Information

    Property type
    Land
    Lot Size
    108,900 SF

    HighLights

    • 2.5‑acre (108,926.14 SF) commercial land parcel at Medical Dr. & Allan Miller Dr., Victoria, TX, adjacent to DeTar Hospital North.
    • Located outside the 500‑year floodplain.
    • Surrounding area boasts strong economy with key industries including healthcare, oil & gas, retail, manufacturing, and hospitality.
    • Average household income within a 1‑mile radius is $142,379.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jill A. Zbranek, OTR Occupational Therapist

    Suggested Use

    Restaurant Realty agency Dental Office Clothing Store Gym & Fitness Pharmacy Skin Care Clinic Accounting Firm Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -97.0202926
    Latitude
    28.8564746

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    FAQs

    What type of property is this?
    Land - 2.5-Acre Commercial Development Site
    Where is this land located?
    The property is located at 114 Medical Dr Victoria, TX.
    What are key features of this property?
    This property features: 2.5-acre (108,926.14 SF) commercial land parcel at Medical Dr. & Allan Miller Dr., Victoria, TX, adjacent to DeTar Hospital North.; Located outside the 500-year floodplain.; Surrounding area boasts strong economy with key industries including healthcare, oil & gas, retail, manufacturing, and hospitality.
    Request Owner's contact information
    114 Medical Dr Victoria, TX 77904
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    Victoria, TX 77904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Medical Dr Victoria, TX 77904
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