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Property profile & analytics
FOR SALE
Office buildings
3202 Miori Ln Victoria, TX 77901
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US83-1160242
For Sale
1 / 22
$1,499,000
3202 Miori Ln, Victoria, TX 77901
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Property summary
AI-generated overview
This exceptional commercial property in Victoria, Texas, presents a unique investment opportunity. The 13,734 square-foot industrial facility sits on a 1.07-acre lot and offers convenient access to major roadways. The building comprises two expansive suites and a substantial warehouse/shop area. Suite A features a reception area, a fully equipped break room, and four large offices. Suite B includes three offices, a spacious retail area with a full-service counter, and a large flex space in the rear. Both suites benefit from additional storage space located above. The warehouse/shop area is well-insulated and includes three overhead doors (two measuring 14' x 16' and one measuring 12' x 14'). Ample parking is available in front of the building, with some covered parking located at the rear. This property is available for both purchase and lease. An additional 2.08 acres of land is also available for purchase with the property. The property is located at 3202 Miori Lane B, Victoria, TX 77901, in Victoria County.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2017
Construction
FRAME
Total area
9,736 SF
Lot
1.07 ac (46,479 SF)
APN
43480-001-00100
UPID
US83-1160242
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
-
Hammond Land Development Construction Company General Contractor
-
South Texas Tractor & Equipment Supply LLC Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.46M
Owner & transaction history
Hammond Investments LLC · 8 yrs held
Hammond Investments LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+35.2%
Commercial (general)
$1.2M
+30.0%
Retail stores
$960,000
+7.3%
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
OFFICE BUILDING
$895,000
Current use
RESTAURANT
$1,205,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,160,000
Change: +30% · Conversion: Easy
RETAIL STORES
$960,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$920,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±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
$149 / 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
$15,189
Tax year 2023
Assessed value
$793,700
Assessed 2023
Previous assessed
$793,700
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$139,440
Assessed improvement
$654,260
Land market value
$139,440
Improvement market value
$654,260
Total market value
$793,700
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
2017
Construction
FRAME
Heating
NONE
Stories
1
Total area
9,736 SF
Lot
1.07 ac (46,479 SF)
APN
43480-001-00100
UPID
US83-1160242
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
OFFICE BUILDING Current
Est. value
$895,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$920,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2017
Construction
FRAME
Heating
NONE
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Hammond Investments LLC
Entity
Mailing address
6000 COUNTRY CLB DR, VICTORIA, TX 77904-1631
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
Jun 15, 2022
—
Hammond Land Development LLC
—
Deed
related
$100,000 · Newfirst National Bank
May 20, 2021
—
Hammond Investments LLC
—
Deed
related
$50,000 · Newfirst National Bank
Jul 30, 2018
—
Hammond Investments LLC
Hammond Land Development LLC
Warranty Deed
$620,000 · Newfirst National Bank
Jun 20, 2018
—
Hammond Land Development LLC
—
Deed
related
$65,000 · Newfirst National Bank
May 26, 2017
—
Hammond Land Development LLC
—
Deed
related
$62,000 · Newfirst National Bank
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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