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Property profile & analytics
FOR SALE
Grocery and convenience stores

1302 E Crestwood Dr Victoria, TX 77901

21,408 SF 1.16 ac lot Built 1955
Entity Owned 17-yr Hold Free & Clear
Property ID
US82-5681741
Property summary
AI-generated overview

This exceptional 2.33-acre property in Victoria, Texas, presents a remarkable investment opportunity. Located in the heart of the city with city streets on all sides, this site offers unparalleled versatility. The main building encompasses 21,408 square feet, featuring 12,393 square feet of open space, a 7,735-square-foot warehouse (a separate building included in the total square footage), 1,280 square feet of office space, and a 360-square-foot freezer (not included in the main square footage). All square footage measurements are approximate. The building boasts robust construction with 8-inch concrete walls and 4-inch concrete ceilings (behind a drop ceiling), a concrete slab foundation, and a flat roof. Flooring consists of terrazzo tile in the main area and concrete elsewhere. Ample parking is provided by an asphalt lot of approximately 54,000 square feet, accommodating 1,965 vehicles. The property includes package A/C units. Built in 1955, this single-story building sits on two parcels and offers significant expansion potential. The property is zoned for various uses, including daycare, restaurant, and storefront. No equipment, inventory, or furnishings are included in the sale, but these items may be available for separate purchase. The asking price is $850,000. APN: 40689, 46370.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1955
Construction FRAME
Total area 21,408 SF
Lot 1.16 ac (50,556 SF)
APN 09700-002-00100
UPID US82-5681741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dick's Food Store Grocery & Convenience Store Food Market
  • Watermill Express Big Box & Wholesale Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$942k
Blend (final) Blend
$740k
Owner & transaction history
City Of Victoria · 17 yrs held
City Of Victoria
since 2009
2 recorded transactions
2018
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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