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    603 Larkspur St Victoria, TX 77904
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    Property profile & analytics

    603 Larkspur St, Victoria, TX 77904

    View on Map
    • Assisted living facilities
    • 2,448 SF
    • 10.02 lot acres
    Off-Market
    Property ID
    US82-6082153
    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
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 603 Larkspur St

    Year built
    2012
    Construction
    FRAME
    Lot size
    10.02 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    15821-001-00200
    APU
    1582100100200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 26, 2021 — Wojv Victoria I LLC — Deed · related $149.5M · Healthpeak Properties INC
    Apr 27, 2006 — Guadalupe Mireles Lori A Wagner Venders Lien $83k · Home Funds Direct
    Apr 6, 2005 — Lutheran Properties INC Lutheran Social Services Of The Sou Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9868
    Latitude
    28.8745
    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
    $38,478
    $300,600
    $1,735,800
    $2,036,400
    -
    $300,600
    $1,735,800
    $2,036,400

    Comparable in this City

    • Value Estimation
      $800,000
      5,900 SF

      505 Larkspur St

      HOMES (RETIRED, NURSING)
      505 Larkspur St, Victoria, TX 77904
      View Details
    • Value Estimation
      $775,000
      15,868 SF

      1301 Mallette Dr

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

      3301 Mockingbird Ln

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

      411 Larkspur St

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

      1005 Mallette Dr

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

      9606 Zac Lentz Pkwy

      HOMES (RETIRED, NURSING)
      9606 Zac Lentz Pkwy, Victoria, TX 77904-3112
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Two-Tenant Medical Strip For Sale

      100% occupied medical strip in Victoria's shopping district.
      8206 North Navarro St, Victoria, TX 77904
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    • $550,000
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      High-Traffic Victoria Commercial Lot

      Prime Location, High Visibility, 1.47 Acres
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    • $1,430,000
      3.77 Acres

      one pedestrian door to yard. Sink in shop. Fluorescent lighting . Concrete parking at office

      2 parking spaces outside the fence additional concrete in front of shop doors. The fenced yard is gravel and approx. .75 acres fenced. This parcel is 2.00 acres. Parcel 2 45505 - Approximately 1.0341 acre with approx. 150' on Navarro\/Hwy 77 frontage. Parcel 3 - 45507 -Approx. .74 acres with approx. 125' of Navarro\/Hwy 77 frontage.""""}"""
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    • Contact for pricing
      8,829 SF

      Two-Tenant Medical Strip For Sale

      100% occupied medical strip in Victoria's shopping district.
      8206 N Navarro St, Victoria, TX 77904
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    Similar Nearby for Lease

    • Contact for pricing
      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
    • New
      $2,402 /Mo
      1,104 SF

      Corner Storefront with Grease Trap

      Traffic-controlled corner storefront with a working grease trap for retail, office, medical, or restaurant use.
      6801 N 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
    • New
      $10,458 /Mo
      10,040 SF

      Flex Property with Warehouse Bays

      Multi-building flex site with renovated office space, yard area, and a warehouse with drive-in bay doors.
      13102 N Navarro St, Victoria, TX 77904
      View Details
    • $25 SF/Yr
      19,419 SF

      Navarro St. Commercial Space

      Victoria, TX retail & office space
      5206 Navarro St, Victoria, TX 77904
      View Details
    • Contact for pricing
      8,180 SF

      Retail Space Near Highway 77

      Retail space with easy highway access and anchor tenants.
      5219-5201 N Navarro St, Victoria, TX 77904
      View Details
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    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.

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