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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 Larkspur St Victoria, TX 77904

    • Assisted living facilities
    • 5,900 SF
    • 10.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2021
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7773769
    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

    • Assisted living facilities

    Property Details for 505 Larkspur St

    Year built
    1985
    Lot size
    10.00 lot acres
    Property size
    5,900 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    15820-001-00100
    APU
    1582000100100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $810,000
      COMMERCIAL (GENERAL)
      $685,000
      OFFICE BUILDING
      $665,000
      MEDICAL BUILDING
      $550,000
      AUTO REPAIR, GARAGE
      $505,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.988
    Latitude
    28.8736
    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
    $59,318
    $392,040
    $2,747,310
    $3,139,350
    -
    $392,040
    $2,747,310
    $3,139,350

    Comparable in this City

    • Value Estimation
      $775,000
      15,868 SF

      1301 Mallette Dr

      HOMES (RETIRED, NURSING) • 15,868 SF
      1301 Mallette Dr, Victoria, TX 77904-4671
      View Details
    • Value Estimation
      $750,000
      41,420 SF

      3301 Mockingbird Ln

      HOMES (RETIRED, NURSING) • 41,420 SF
      3301 Mockingbird Ln, Victoria, TX 77904-2437
      View Details
    • Value Estimation
      $1,075,000
      38,040 SF

      411 Larkspur St

      HOMES (RETIRED, NURSING) • 38,040 SF
      411 Larkspur St, Victoria, TX 77904-2632
      View Details
    • Value Estimation
      $540,000
      19,156 SF

      1005 Mallette Dr

      HOMES (RETIRED, NURSING) • 19,156 SF
      1005 Mallette Dr, Victoria, TX 77904-3318
      View Details
    • Value Estimation
      $970,000
      24,364 SF

      9606 Zac Lentz Pkwy

      HOMES (RETIRED, NURSING) • 24,364 SF
      9606 Zac Lentz Pkwy, Victoria, TX 77904-3112
      View Details
    • Value Estimation
      $545,000
      2,448 SF

      603 Larkspur St

      HOMES (RETIRED, NURSING) • 2,448 SF
      603 Larkspur St, Victoria, TX 77904
      View Details

    Similar Nearby for Sale

    • $59,000
      1.00 Acres

      Victoria, TX Vacant Land

      One-acre vacant lot, ready for custom home construction.
      267 Honeycomb Dr, Victoria, TX 77904
      View Details
    • $787,885
      40.00 Acres

      40 Acres Land Near Capstone

      Manicured, fenced 40-acre land parcel with pond near Capstone Estates.
      E Dayspring Dr, Victoria, TX 77904
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    • $3,500,000
      15,560 SF

      Versatile Commercial Property in Victoria, TX

      15,560 SF commercial property on 10.2 acres for sale.
      5705 N Main St, Victoria, TX 77904
      View Details
    • Contact for pricing
      0.84 Acres

      Commercial Land Near Loop 463

      Commercial land for sale near Olive Garden and hotels.
      Zac Lentz Pkwy, Victoria, TX 77904
      View Details
    • $45,000
      0.18 Acres

      Residential Lot in Tuscany Subdivision

      Residential lot available in established Tuscany Subdivision, Victoria, TX.
      113 Andrea Ct, Victoria, TX 77904
      View Details
    • $530,860
      12.56 Acres

      Residential Lots in Tuscany Subdivision

      50 platted residential lots ready for new builds.
      San Savino Ct, Victoria, TX 77904
      View Details

    Similar Nearby for Lease

    • $3,600 /Mo
      5,814 SF

      Victoria Commercial Space For Rent

      Clean, well-maintained commercial space suitable for offices, retail, or medical.
      9605 N Navarro St, Victoria, TX 77904
      View Details
    • $19 SF/Yr
      3,990 SF

      Victoria Medical Office Building

      High-traffic location, 3,990 SF, divisible
      6508 Navarro St, Victoria, TX 77904
      View Details
    • $15 SF/Yr
      23,000 SF

      Prime Retail Location Available

      Excellent location near major retailers with easy access and signage.
      7608-7920 NE Zac Lentz Pkwy, Victoria, TX 77904
      View Details
    • $2,402 /Mo
      1,104 SF

      Prime Retail/Office Space Available

      High-visibility commercial space ideal for retail, office, or medical use.
      6801 N Navarro St, Victoria, TX 77904
      View Details
    • Contact for pricing
      20,364 SF

      Northcross Shopping Center: Victoria, TX

      Prime Retail Space: High-Traffic Victoria Location
      5106 Navarro St, Victoria, TX 77904
      View Details
    • Contact for pricing
      2,380 SF

      Retail Space Near Highway 77

      Retail space with easy highway access and anchor tenants.
      5201 N Navarro St, Victoria, TX 77904
      View Details
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    505 Larkspur St
    Victoria, TX 77904
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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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