114 Medical Dr Victoria, TX 77904
- Commercial real estate
- 33,558 SF
- 2.50 lot acres
Current Use by Public Records
- Jill A. Zbranek, OTR / Physical Therapist / Occupational Therapist
Property Details for 114 Medical Dr
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 2.50 lot acres
- Property size
- 33,558 SF
- Property type
- Commercial real estate
- APN
- 42350-002-00100
- APU
- 4235000200100
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $720,000
- 6.5%
- $770,000
- 7%
- $655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $740,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $770,000
- Mixed-Use
- $740,000
- Hospitality
- $735,000
- Educational
- $620,000
- Residential Income
- $755,000
- Energy
- $720,000
- Income-Based Land
- $590,000
- Food Service
- $760,000
Location Insight
- Map
- Local Demand
- City
- Victoria
- County
- Victoria
- State
- Texas
- Longitude
- -97.0202
- Latitude
- 28.8564
- CBSA code
- 47020
- CBSA name
- VICTORIA, TX METROPOLITAN STATISTICAL AREA
