Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    000 Zac Lentz Pkwy Victoria, TX 77904
    Back to Search
    Property profile & analytics

    000 Zac Lentz Pkwy, Victoria, TX 77904

    View on Map
    • Land
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 000 Zac Lentz Pkwy

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Victoria, Texas. Strategically located on Zac Lentz Parkway, between the Salem Road and Mockingbird overpasses, this property boasts significant road frontage exceeding 300 feet. The site's advantageous position offers high visibility and easy access, making it ideal for a variety of commercial ventures. While the exact dimensions are subject to survey, the property is currently platted at approximately 5 acres, allowing for ample development potential. Importantly, the tracts are sized to accommodate Texas Department of Transportation (TXDOT) road entrances, pending TXDOT approval. Aerial maps detailing potential plat configurations are available upon request. Please note that Tract #2, a potential corner lot, may involve a prorated reimbursement for utilizing a new driveway connecting to Country Lane. The property's APN is 36172, and the asking price is $653,400. This is a rare chance to acquire prime commercial real estate in a thriving Texas market. Don't miss this opportunity to secure a prominent location for your next business venture. All information is subject to verification.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -97.0094
    Latitude
    28.8636

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      Us-77

      Land
      0 Us-77, Victoria, TX 77904
      View Details
    • Value Estimation by Request

      107-109 Northpark Dr

      Distribution properties
      107-109 Northpark Dr, Victoria, TX 77904
      View Details
    • Value Estimation by Request
      1.03 Acres

      13002 Navarro St

      Land
      13002 Navarro St, Victoria, TX 77904
      View Details
    • Value Estimation by Request
      19,567 SF

      15927 Us-77

      Distribution properties
      15927 Us-77, Victoria, TX 77904
      View Details
    • Value Estimation by Request

      11304 Zac Lentz Pkwy

      Land
      11304 Zac Lentz Pkwy, Victoria, TX 77904
      View Details
    • Value Estimation by Request
      1.51 Acres

      2 Northside Rd

      Land
      2 Northside Rd, Victoria, TX 77904
      View Details

    Similar Nearby for Sale

    • $99,000
      6.67 Acres

      Land on Victor Drive

      6.67 acres for country living near Victoria, Texas.
      25 26, Victoria, TX 77904
      View Details
    • $249,900
      10.00 Acres

      10 Acres of Serene Land

      10 acres in Victoria, TX, great location, owner financing.
      2249 Oliver Rd, Victoria, TX 77904
      View Details
    • $3,547,350
      157.66 Acres

      157 Acres in Victoria ETJ

      157 acres primed for development in Victoria, Texas.
      Parsons Rd, Victoria, TX 77904
      View Details
    • $59,300

      Land For Sale

      Land available for sale.
      83 Wellspring Blvd, Victoria, TX 77904
      View Details
    • $249,000

      Land For Sale

      Land available for purchase.
      303 Edinburgh St, Victoria, TX 77904
      View Details
    • Contact for pricing

      Land For Sale Victoria, TX

      Land available for sale in Victoria, Texas.
      107 Northpark Dr, Victoria, TX 77904
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      19,419 SF

      Navarro St. Commercial Space

      Victoria, TX retail & office space
      5206 Navarro St, Victoria, TX 77904
      View Details
    • Contact for pricing
      2,380 SF

      Retail Space Near Highway 77

      Retail space with easy highway access and anchor tenants.
      5201 N Navarro St, Victoria, TX 77904
      View Details
    • New
      $10,458 /Mo
      10,040 SF

      Flex Property with Warehouse Bays

      Multi-building flex site with renovated office space, yard area, and a warehouse with drive-in bay doors.
      13102 N Navarro St, Victoria, TX 77904
      View Details
    • Contact for pricing
      8,180 SF

      Retail Space Near Highway 77

      Retail space with easy highway access and anchor tenants.
      5219-5201 N Navarro St, Victoria, TX 77904
      View Details
    • New
      $3,600 /Mo
      5,814 SF

      Flexible Commercial Space Near Town

      Clean, well-maintained flexible space with large rooms and service areas, ready for immediate office or service use.
      9605 N Navarro St, Victoria, TX 77904
      View Details
    • $19 SF/Yr
      3,990 SF

      Retail Storefront on High-Traffic Corridor

      3,990 SF retail building on N. Navarro, Victoria, TX.
      6508 N Navarro St, Victoria, TX 77904
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    000 Zac Lentz Pkwy
    Victoria, TX 77904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    000 Zac Lentz Pkwy, Victoria, TX, 77904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!