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    Property profile & analytics

    302 Main St Victoria, TX 77901-8122

    • Turn key restaurants
    • 2,520 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6002946
    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.

    Current Use by Public Records

    • Victoria Public Library / Public Library / Library
    • Fossati's Delicatessen / Restaurant / Deli

    Property Details for 302 Main St

    Year built
    2000
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    2,520 SF
    Property type
    Turn key restaurants
    APN
    54801-126-004R0
    APU
    54801126004R0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $205,000
      Market price range: $205k - $414k

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -97.0066
    Latitude
    28.7972
    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
    $2,436
    $34,040
    $94,860
    $128,900
    -
    $34,040
    $94,860
    $128,900

    Comparable in this City

    • Value Estimation
      $290,000
      800 SF

      506 Cameron St

      RESTAURANT • 800 SF
      506 Cameron St, Victoria, TX 77901-8308
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    • Value Estimation
      $290,000
      464 SF

      906 Laurent St

      RESTAURANT • 464 SF
      906 Laurent St, Victoria, TX 77901-0800
      View Details
    • Value Estimation
      $305,000
      2,884 SF

      1703 Laurent St

      RESTAURANT • 2,884 SF
      1703 Laurent St, Victoria, TX 77901-6236
      View Details
    • Value Estimation
      $275,000
      3,166 SF

      1303 Juan Linn St

      RESTAURANT • 3,166 SF
      1303 Juan Linn St, Victoria, TX 77901-8433
      View Details
    • Value Estimation
      $295,000
      1,660 SF

      3408 Laurent St

      RESTAURANT • 1,660 SF
      3408 Laurent St, Victoria, TX 77901-3439
      View Details
    • Value Estimation
      $285,000
      1,961 SF

      2101 Laurent St

      RESTAURANT • 1,961 SF
      2101 Laurent St, Victoria, TX 77901-5450
      View Details

    Similar Nearby for Sale

    • $1,875,000

      Prime Commercial Property For Sale

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      Restored Historic Bianchi Pharmacy Building

      Restored historic building in Victoria, TX, suitable for retail.
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      Historic Downtown Victoria Mixed-Use Building

      Landmark commercial building with restaurant and loft space for sale.
      221 S Main St, Victoria, TX 77901
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      Retail Property with National Tenant

      NNN leased investment opportunity with long-term national retailer.
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      Turn-Key Auto Body Shop

      Established auto body shop with equipment and clientele included.
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    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Restaurant Space with Outdoor Patio

      Second-generation restaurant space with large outdoor covered patio.
      2929 N Laurent St, Victoria, TX 77901
      View Details
    • $18 SF/Yr
      1,600 SF

      Victoria Restaurant Space for Lease

      Prime location, fully equipped, high traffic.
      3112 Navarro St, Victoria, TX 77901
      View Details
    • New
      $18 SF/Yr
      11,840 SF

      Restaurant Space in High-Traffic Area

      Centrally located restaurant space with equipment and high visibility.
      3112 N Navarro St, Victoria, TX 77901
      View Details
    • $20 SF/Yr
      88,000 SF

      Victoria Retail Space - 88,000 SF

      High-traffic retail space, HEB-anchored.
      1505 Rio Grande St, Victoria, TX 77901
      View Details
    • Contact for pricing
      13,600 SF

      Victoria Executive Office/Warehouse

      13,600 SF, 2.25 Acres, Prime Location
      206 Anaqua Ave, Victoria, TX 77901
      View Details
    • Contact for pricing
      1,000 SF

      Victoria Airport Commercial Space

      High-demand airport commercial property. Lease 1,000 sq ft.
      3410 John Stockbauer Dr, Victoria, TX 77901
      View Details
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    302 Main St
    Victoria, TX 77901-8122
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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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