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    1302 Rio Grande St Victoria, TX 77901-6258
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    Property profile & analytics

    1302 Rio Grande St, Victoria, TX 77901-6258

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    • Grocery and convenience stores
    • 2,585 SF
    Off-Market
    Last Sale Aug 9, 2024
    Property ID
    US82-5971104
    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

    • ATM / Atm

    Property Details for 1302 Rio Grande St

    Year built
    2017
    Construction
    FRAME
    Property type
    Grocery and convenience stores
    APN
    40470-001-00100-01
    APU
    404700010010001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 9, 2024 — Edward L Rosen Living Trust Driven Brands INC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9906
    Latitude
    28.8065
    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
    $1,780
    $0.00
    $94,180
    $94,180
    -
    $0.00
    $94,180
    $94,180

    Comparable in this City

    • Value Estimation by Request
      360 SF

      1402 Juan Linn St

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      1402 Juan Linn St, Victoria, TX 77901-8436
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      1,200 SF

      2411 Dudley St

      CONVENIENCE STORE
      2411 Dudley St, Victoria, TX 77901-1456
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      2,400 SF

      1704 Moody St

      CONVENIENCE STORE
      1704 Moody St, Victoria, TX 77901-7884
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      2,592 SF

      607 Moody St

      CONVENIENCE STORE
      607 Moody St, Victoria, TX 77901-6436
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    • Value Estimation by Request
      2,546 SF

      302 Navarro St

      CONVENIENCE STORE
      302 Navarro St, Victoria, TX 77901-6621
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    • 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.
      303 W Water St, Victoria, TX 77901
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    • $2,325,000

      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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    • Contact for pricing
      2,129 SF

      Freestanding Starbucks on Business 59

      Newly constructed Starbucks on a primary retail corridor.
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    • Contact for pricing
      10,000 SF

      Retail Property with National Tenant

      NNN leased investment opportunity with long-term national retailer.
      1606 N Navarro St, Victoria, TX 77901
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    • $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

    • $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
    • 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
    • $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
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    1302 Rio Grande St
    Victoria, TX 77901-6258
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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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