2002 Commerce St, Victoria, TX 77901-5537
This exceptional 15,984 square foot, single-story office building presents a compelling investment opportunity in Victoria, Texas. Located on a 1.21-acre lot at 2002 Commerce St, 77901, this Class B property boasts a convenient location near the college, YMCA, and shopping areas, with ample parking. The building, constructed in 1981, features a brick veneer and stucco exterior and is currently divided into three sections. The interior includes drop ceilings, carpet, and VCT tile flooring. Heating and cooling are provided by multiple 5-10 ton package HVAC units with gas heat; the age of these units is unknown. The roof is tar and gravel, estimated to be over 15 years old. Utilities are serviced by individual gas, electric, and water meters. Multiple entrances provide convenient access. The property is currently vacant, offering immediate occupancy for a new owner. The asking price is $595,000, translating to $37.22 per square foot. This property is zoned for commercial use and offers significant potential for redevelopment or continued use as a multi-tenant office building. The property consists of two units and has a total of 15,984 net rentable square feet. This is a rare opportunity to acquire a substantial office building in a desirable location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.