Corner Lot Near Downtown
For Sale
Contact for pricing
1407 N Wheeler St, Victoria, TX 77901
Commercial property on 0.30-acre lot with versatile layout.
Property Size2,420 SF
Lot Size0.30 Acres
Price / SF$85.90
Days on Market714
Property Features for 1407 N Wheeler St
General Information
Standard status
Active
Size
2,420 SF
Lot size
0.30 Acres
Property subtype
Retail, Office, Hospitality, Mixed Use, Special Purpose
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1945
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Cornerstone Properties
Listed By:
Brian Ferguson · License #TX 577155
(361) 333-2002
Source:
Crexi
Added: Nov 6, 2024
Changed: Oct 15
Last Checked: Oct 20 at 8:33PM
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 Cornerstone Properties
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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.
Located near downtown Victoria, this commercial property is situated on a 0.30-acre corner lot. The property features a lobby, 8 rooms suitable for office or special use, and 2 full bathrooms. It is positioned between North Navarro and North Main Street, offering high visibility and convenient access. Ample parking is available. This property offers an opportunity for businesses seeking a convenient location.
Key Highlights
- Prime 0.30‑acre corner lot location near downtown Victoria.
- High‑traffic location between North Navarro and North Main Street.
- Ample parking for clients and staff.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,451
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,020
$329.0K
Cap Rate 7%
$235,014
$235.0K
Cap Rate 9%
$182,789
$182.8K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$29.9K $12.36/SF
− Vacancy
−$3.6K −$1.48/SF
EGI
$26.3K $10.88/SF
− OpEx
−$9.9K −$4.08/SF
NOI
$16.5K $6.80/SF
Area
Victoria County, TX
Vacancy
12.00%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,020
Cap Rate 7%
$235,014
Cap Rate 9%
$182,789
Alternative Uses
Best Use
Mixed Use
$235.0K
$205.6K – $274.2K
NOI $16,451 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$26.59M
$23.26M – $31.02M
NOI $1,861,036 @ 7.0% cap · market cap 895.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 77901, TX
40,062
Population
17,438
Households
2.3
Avg Household Size
35
Median Age
15%
College-Educated
76%
High-School Grad
18.1 sq mi
ZIP Area
2,213
Density / Sq Mi
$57,728
Median Household Income
$33,127
Median Earnings
$1,105
Median Rent
$133,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property on 0.30-acre lot with versatile layout.
Where is this mixed-use property located?
The property is located at 1407 N Wheeler St Victoria, TX.
What is the asking price?
The asking price for this property is $207,885.
What are key features of this property?
This property features: Prime 0.30‑acre corner lot location near downtown Victoria.; High‑traffic location between North Navarro and North Main Street.; Ample parking for clients and staff.
