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    1302 E Crestwood Dr Victoria, TX 77901
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    1302 E Crestwood Dr, Victoria, TX 77901

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    • Grocery and convenience stores
    • 21,408 SF
    • 1.16 lot acres
    For Sale
    $850,000
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    Victoria Mixed-Use Property For Sale For Sale
    $850,000
    21,408 SF

    Victoria Mixed-Use Property For Sale

    2.33 acre mixed-use property with development potential in Victoria, TX.

    1302 E Crestwood Drive, Victoria, TX 77901
    View Listing
    Property ID
    US82-5681741
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dick's Food Store / Grocery & Convenience Store / Food Market
    • Watermill Express / Big Box & Wholesale Store
    • Western Union / Bank / Credit Union

    Property Details for 1302 E Crestwood Dr

    Year built
    1955
    Construction
    FRAME
    Lot size
    1.16 lot acres
    Property type
    Grocery and convenience stores
    APN
    09700-002-00100
    APU
    970000200100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 22, 2018 — Ronnie George Hyak — Deed · related $245k · United States Of America
    Mar 25, 2009 — City Of Victoria Ronald G Hyak Warranty Deed —

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $941,000
      Market price range: $942k - $3.41M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9924
    Latitude
    28.829
    CBSA code
    47020
    CBSA name
    VICTORIA, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,625
    $151,660
    $194,540
    $346,200
    -
    $151,660
    $194,540
    $346,200

    Comparable in this City

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      1,200 SF

      2411 Dudley St

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      1402 Juan Linn St

      CONVENIENCE STORE
      1402 Juan Linn St, Victoria, TX 77901-8436
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      2,400 SF

      1704 Moody St

      CONVENIENCE STORE
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      607 Moody St

      CONVENIENCE STORE
      607 Moody St, Victoria, TX 77901-6436
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    • Value Estimation by Request
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      302 Navarro St

      CONVENIENCE STORE
      302 Navarro St, Victoria, TX 77901-6621
      View Details
    • Value Estimation
      $745,000
      4,350 SF

      5006 Houston Hwy

      CONVENIENCE STORE
      5006 Houston Hwy, Victoria, TX 77901-3706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,640 SF

      New Dollar General Market Store

      New Dollar General Market store with a 15-year absolute NNN lease.
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      View Details
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      New Freestanding Starbucks on Highway

      New Starbucks on primary retail corridor near Texas A&M.
      3508 Houston Hwy, Victoria, TX 77901
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      2,129 SF

      Freestanding Starbucks on Business 59

      Newly constructed Starbucks on a primary retail corridor.
      3508 Houston Hwy, Victoria, TX 77901
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      10,000 SF

      Retail Property with National Tenant

      NNN leased investment opportunity with long-term national retailer.
      1606 N Navarro St, Victoria, TX 77901
      View Details
    • $950,000
      10,000 SF

      Houston Highway Commercial Opportunity

      Retail/office building with warehouse and shop on 0.92 acres.
      3208 Houston Hwy, Victoria, TX 77901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,252 SF

      Retail Space Available For Rent

      Retail space available for rent at 4109 Houston Highway.
      4109 Houston Hwy, Victoria, TX 77901
      View Details
    • $3,738 /Mo
      1,495 SF

      Victoria Retail or Office Space

      1495 SF retail or office space available for rent.
      3202 N Navarro St, Victoria, TX 77901
      View Details
    • $15 SF/Yr
      5,000 SF

      Retail/Office Space in Victoria, TX

      1,000 sq ft retail/office space with high visibility.
      3410 John Stockbauer Dr, Victoria, TX 77901
      View Details
    • $4,995 /Mo
      18,389 SF

      Prime Commercial Property on Houston Highway

      Highly visible commercial property with a large building and ample parking.
      4106 Houston Hwy, Victoria, TX 77901
      View Details
    • $2,748 /Mo
      97,409 SF

      Retail Space on Navarro Street

      Retail space in new shopping center with high traffic.
      3706 N Navarro St, Victoria, TX 77901
      View Details
    View Listing
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    Victoria, TX 77901
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    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
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    1302 E Crestwood Dr, Victoria, TX, 77901
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