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Property profile & analytics
OFF-MARKET
Estimated value
$465,000
Outlet malls
3002 Navarro St Victoria, TX 77901-3922
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-5587123
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Construction
FRAME
Total area
8,000 SF
Lot
0.77 ac (33,672 SF)
APN
41450-001-00200
UPID
US82-5587123
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
EZPAWN Discount Store (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
EZ Money Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$465k
Owner & transaction history
Hardik Patel · 8 yrs held
Hardik Patel
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$990,000
+26.0%
Commercial (general)
$955,000
+21.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Victoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Victoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$785,000
Current use
RESTAURANT
$990,000
Change: +26% · Conversion: Easy
COMMERCIAL (GENERAL)
$955,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$465k
Range $419k – $512k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,481
Tax year 2023
Assessed value
$713,470
Assessed 2023
Previous assessed
$713,470
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$404,060
Assessed improvement
$309,410
Land market value
$404,060
Improvement market value
$309,410
Total market value
$713,470
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
0.77 ac (33,672 SF)
APN
41450-001-00200
UPID
US82-5587123
Jurisdiction
VICTORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$785,000
RESTAURANT
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$755,000
OFFICE BUILDING
Est. value
$735,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Hardik Patel
Individual
Mailing address
PO BOX 3582, VICTORIA, TX 77903-3582
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2018
—
Hardik Patel
Bexar Hospitality LLC
Venders Lien
$500,000 · Prosperity Bank
Oct 10, 2017
—
Bexar Hospitality LLC
Abbott Day Victoria Partnership
Warranty Deed
—
Aug 3, 2017
—
Abbott Day Victoria Partnership
James M Day JR
Intrafamily Transfer
related
—
Jul 26, 2017
—
James M Day JR
Abbott Springs Ltd
Special Warranty Deed
—
Jul 17, 2017
—
Abbott Springs Ltd
Abbott Day Victoria Partnership
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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