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    2108 Houston Hwy Victoria, TX 77901-5735

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    Property profile & analytics

    2108 Houston Hwy Victoria, TX 77901-5735

    View on Map
    • Automotive properties
    • 14,200 SF
    • 2.32 lot acres
    Off-Market
    Last Sale Oct 11, 2024
    Property ID
    US82-5785239
    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
    $1,275,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Killebrew Inc - Service & Parts / Auto Repair Shop

    Property Details for 2108 Houston Hwy

    Year built
    2009
    Construction
    FRAME
    Lot size
    2.32 lot acres
    Property size
    14,200 SF
    Property type
    Automotive properties
    APN
    09600-00M-00002
    APU
    0960000M00002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,340,000
      Current use
      RESTAURANT
      $1,760,000
      Change: +31% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,695,000
      Change: +26% Conversion: Moderate
      RETAIL STORES
      $1,395,000
      Change: +4% Conversion: Difficult
      OFFICE BUILDING
      $1,300,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $1,235,000
      Change: -8% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,150,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.982
    Latitude
    28.8095
    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
    $29,078
    $1,211,920
    $327,040
    $1,538,960
    -
    $1,211,920
    $327,040
    $1,538,960

    Comparable in this City

    • Value Estimation
      $625,000
      7,200 SF

      2301 Ben Wilson St

      VEHICLE SALES, RENTALS • 7,200 SF
      2301 Ben Wilson St, Victoria, TX 77901-5702
      View Details
    • Value Estimation
      $1,950,000
      38,120 SF

      3211 Navarro St

      VEHICLE SALES, RENTALS • 38,120 SF
      3211 Navarro St, Victoria, TX 77901-3346
      View Details
    • Value Estimation
      $1,090,000
      18,706 SF

      201 Rio Grande St

      VEHICLE SALES, RENTALS • 18,706 SF
      201 Rio Grande St, Victoria, TX 77901-5156
      View Details
    • Value Estimation by Request
      3,342 SF

      2203 Houston Hwy

      VEHICLE SALES, RENTALS • 3,342 SF
      2203 Houston Hwy, Victoria, TX 77901
      View Details
    • Value Estimation
      $1,010,000
      24,428 SF

      2501 Callis St

      VEHICLE SALES, RENTALS • 24,428 SF
      2501 Callis St, Victoria, TX 77901-7711
      View Details
    • Value Estimation by Request
      2,468 SF

      4006 Navarro St

      VEHICLE SALES, RENTALS • 2,468 SF
      4006 Navarro St, Victoria, TX 77901-2670
      View Details

    Similar Nearby for Sale

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      Versatile Commercial Property in Victoria

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    • $1,850,000

      Prime Commercial Opportunity on Navarro

      High-visibility commercial property on a major business corridor.
      4006 North Navarro St, Victoria, TX 77901
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    • $1,850,000
      2,468 SF

      Prime Commercial Opportunity on Navarro

      High-traffic location suitable for retail, service, automotive, or professional businesses.
      4006 N Navarro St, Victoria, TX 77901
      View Details
    • $287,500

      Versatile Commercial Property on Corner Lot

      Commercial property suited for automotive, mechanical, industrial, or warehouse use.
      607 E Crestwood Dr, Victoria, TX 77901
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    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Retail Space Anchored by HEB

      Retail space available in Victoria, Texas, anchored by HEB.
      1505 E Rio Grande 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
    • $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
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    Victoria, TX 77901-5735
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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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    2108 Houston Hwy, Victoria, TX, 77901

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