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    1505 E Rio Grande St Victoria, TX 77901
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    Property profile & analytics

    1505 E Rio Grande St, Victoria, TX 77901

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    • Grocery and convenience stores
    • 88,038 SF
    • 15.91 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Retail Space Anchored by HEB For Lease
    $20 SF/Yr

    Retail Space Anchored by HEB

    Retail space available in Victoria, Texas, anchored by HEB.

    1505 E Rio Grande St, Victoria, TX 77901
    View Listing
    Property ID
    US82-6042524
    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

    • Margo Bitcoin ATM / Atm / Crypto Atm
    • Angela L. Valentine, Pharm / Pharmacy
    • H-E-B Pharmacy / Pharmacy
    • H-E-B! Plus Pharmacy / Pharmacy
    • Rebecca F. Lewis, RPH / Pharmacy

    Property Details for 1505 E Rio Grande St

    Year built
    2006
    Construction
    FRAME
    Lot size
    15.91 lot acres
    Property type
    Grocery and convenience stores
    APN
    35047-001-00100
    APU
    3504700100100

    Description

    This exceptional retail property, located at 1505 E Rio Grande St in Victoria, Texas, 77901, offers a total of 88,000 square feet of leasable space in a multi-tenant building. Currently, a 2,625 square foot space is available, formerly occupied by Advance Vision Care and situated as an end cap unit. The property benefits significantly from its prime location within Victoria County, enjoying high visibility and accessibility. A key advantage is its proximity to a major anchor tenant, HEB Grocery, which drives substantial foot traffic and enhances the overall desirability of the location for prospective tenants. This presents a unique opportunity for businesses seeking a well-established retail space in a thriving area. The property's size and configuration make it suitable for a variety of retail uses, offering excellent potential for growth and profitability. The address is easily accessible from major roadways, ensuring convenient access for customers and employees alike. This is an ideal location for businesses seeking high visibility and a strong customer base. The available 2,625 square foot space offers a versatile layout adaptable to various retail needs. Serious inquiries are encouraged to explore this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $9,973,000
      Market price range: $3.87M - $14.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,665,000
      Current use
      RESTAURANT
      $10,915,000
      Change: +26% Conversion: Easy
      COMMERCIAL (GENERAL)
      $10,495,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,315,000
      Change: -4% Conversion: Difficult
      OFFICE BUILDING
      $8,075,000
      Change: -7% Conversion: Easy
      MEDICAL BUILDING
      $7,640,000
      Change: -12% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $7,130,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9885
    Latitude
    28.8054
    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
    $95,764
    $935,310
    $4,132,910
    $5,068,220
    -
    $935,310
    $4,132,910
    $5,068,220

    Comparable in this City

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      2411 Dudley St

      CONVENIENCE STORE
      2411 Dudley St, Victoria, TX 77901-1456
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      1704 Moody St

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      607 Moody St

      CONVENIENCE STORE
      607 Moody St, Victoria, TX 77901-6436
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      2,546 SF

      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

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      Freestanding Starbucks on Business 59

      Newly constructed Starbucks on a primary retail corridor.
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      New Starbucks on primary retail corridor near Texas A&M.
      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
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    • $950,000
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      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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    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.

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