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    Property profile & analytics

    606 Locust Ave Victoria, TX 77901-3966

    • Medical Office Space
    • 8,958 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0445124
    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

    • Liberty Dialysis Victoria / Medical Clinic

    Property Details for 606 Locust Ave

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.18 lot acres
    Property size
    8,958 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    12151R3-001-002RA
    APU
    12151R3001002RA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,075,000
      Market price range: $414k - $1.08M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $780,000
      Current use
      RESTAURANT
      $1,110,000
      Change: +43% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,070,000
      Change: +37% Conversion: Easy
      RETAIL STORES
      $880,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $845,000
      Change: +9% Conversion: Difficult
      OFFICE BUILDING
      $820,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9992
    Latitude
    28.822
    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
    $19,773
    $102,890
    $943,590
    $1,046,480
    -
    $102,890
    $943,590
    $1,046,480

    Comparable in this City

    • Value Estimation by Request
      2,116 SF

      909 Navarro St

      MEDICAL BUILDING • 2,116 SF
      909 Navarro St, Victoria, TX 77901-6734
      View Details
    • Value Estimation by Request
      2,179 SF

      1412 Red Riv St

      MEDICAL BUILDING • 2,179 SF
      1412 Red Riv St, Victoria, TX 77901-5521
      View Details
    • Value Estimation by Request
      3,822 SF

      4304 Laurent St

      MEDICAL BUILDING • 3,822 SF
      4304 Laurent St, Victoria, TX 77901-2741
      View Details
    • Value Estimation by Request
      7,733 SF

      4504 Laurent St

      MEDICAL BUILDING • 7,733 SF
      4504 Laurent St, Victoria, TX 77901-2743
      View Details
    • Value Estimation by Request
      3,015 SF

      2306 Main St

      MEDICAL BUILDING • 3,015 SF
      2306 Main St, Victoria, TX 77901-3806
      View Details
    • Value Estimation by Request
      4,716 SF

      1401 Victoria Sta Dr

      MEDICAL BUILDING • 4,716 SF
      1401 Victoria Sta Dr, Victoria, TX 77901-3092
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former WellMed Medical Office Space

      Medical office in central Victoria, ideal for owner-user.
      4502 N Laurent St, Victoria, TX 77901
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    • $179,885
      3,105 SF

      Move-In Ready Professional Office Space

      Commercial office space near hospital and university in Victoria, TX.
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      Victoria Office Building For Sale

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      Two-Story Office Building For Sale

      Two-story office building in central Victoria location for sale.
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      Historic Victoria Venue For Sale

      Historic 21,000+ SF venue in Victoria's entertainment district.
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      Historic Building in Victoria's District

      Impressive historic building with prime location and owner financing.
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    Similar Nearby for Lease

    • $1.12 SF/Yr
      8,016 SF

      Prime Victoria Office Space

      Downtown Victoria Office, 8,016 sq ft
      207 Constitution St 8, Victoria, TX 77901
      View Details
    • Contact for pricing
      111,860 SF

      Victoria Commercial District Development Opportunity

      Prime location with excess land for development or reuse.
      1908 N Laurent St, Victoria, TX 77901
      View Details
    • $23 SF/Yr
      2,729 SF

      Office Space For Rent

      Office space available for rent, buildout to suit tenant.
      101 W Goodwin Ave, Victoria, TX 77901
      View Details
    • $1.05 SF/Yr
      8,016 SF

      Prime Victoria Office Space

      8,016 sq ft Office, Single Tenant
      207 Constitution St 6, Victoria, TX 77901
      View Details
    • $18 SF/Yr
      32,761 SF

      Victoria Retail/Office Opportunity

      Prime Victoria, TX retail space. High visibility, ample parking.
      4102 Navarro St, Victoria, TX 77901
      View Details
    • $1,158 /Mo
      3,920 SF

      Downtown Victoria Office Space Available

      Office space in historic downtown Victoria with street frontage.
      121 S Main St, Victoria, TX 77901
      View Details
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    606 Locust Ave
    Victoria, TX 77901-3966
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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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