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    Property profile & analytics

    6705 Zac Lentz Pkwy Victoria, TX 77904-3440

    • Hotels
    • 87,572 SF
    • 2.84 lot acres
    OFF-MARKET
    Value Estimations
    $1,870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7648265
    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

    • Homewood Suites by Hilton Victoria, TX / Hotel & Motel / Vacation Rental

    Property Details for 6705 Zac Lentz Pkwy

    Year built
    2012
    Construction
    FRAME
    Lot size
    2.84 lot acres
    Property size
    87,572 SF
    Property type
    Hotels
    APN
    56432-001-003RA
    APU
    56432001003RA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,415,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9902
    Latitude
    28.8627
    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
    $99,512
    $742,260
    $4,457,740
    $5,200,000
    -
    $742,260
    $4,457,740
    $5,200,000

    Comparable in this City

    • Value Estimation
      $1,000,000
      40,230 SF

      6603 Zac Lentz Pkwy

      HOTEL • 40,230 SF
      6603 Zac Lentz Pkwy, Victoria, TX 77904-3704
      View Details
    • Value Estimation
      $2,110,000
      90,876 SF

      123 Huvar St

      HOTEL • 90,876 SF
      123 Huvar St, Victoria, TX 77904-1557
      View Details
    • Value Estimation
      $850,000
      28,296 SF

      7502 Navarro St

      HOTEL • 28,296 SF
      7502 Navarro St, Victoria, TX 77904-2654
      View Details
    • Value Estimation
      $1,075,000
      37,600 SF

      7006 Navarro St

      HOTEL • 37,600 SF
      7006 Navarro St, Victoria, TX 77904-1510
      View Details
    • Value Estimation
      $1,605,000
      63,324 SF

      8002 Navarro St

      HOTEL • 63,324 SF
      8002 Navarro St, Victoria, TX 77904-2954
      View Details
    • Value Estimation
      $650,000
      24,063 SF

      8001 Zac Lentz Pkwy

      HOTEL • 24,063 SF
      8001 Zac Lentz Pkwy, Victoria, TX 77904-1517
      View Details

    Similar Nearby for Sale

    • $900,000
      2.00 Acres

      Commercial Land in Victoria, TX

      Unimproved 2-acre commercial land with corner location in Victoria.
      002 NE Zac Lentz Pkwy, Victoria, TX 77904
      View Details
    • Contact for pricing

      Deerwood Apartments Investment Opportunity

      Multifamily property in Victoria, TX, near major employers.
      111 Deerwood Dr, Victoria, TX 77904
      View Details
    • $250,000
      0.71 Acres

      High Traffic Corner Lot

      Corner lot with high traffic flow, suitable for development.
      3808 John Stockbauer Dr, Victoria, TX 77904
      View Details
    • $45,000
      0.18 Acres

      Residential Land in Tuscany Subdivision

      Platted lots for custom home with utilities at street.
      202 Andrea Ct, Victoria, TX 77904
      View Details
    • $45,000
      0.18 Acres

      Residential Land in Tuscany Subdivision

      Residential land available in established Tuscany Subdivision, Victoria, TX.
      206 Andrea Ct, Victoria, TX 77904
      View Details
    • Contact for pricing
      2.50 Acres

      Victoria Medical Dr. Land

      2.5-Acre Commercial Development Site
      114 Medical Dr, Victoria, TX 77904
      View Details

    Similar Nearby for Lease

    • $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
    • $11,865 /Mo
      132,858 SF

      Prime Commercial Space in Victoria

      Highly visible commercial space suitable for professional or retail uses.
      4800 N Navarro St, Victoria, TX 77904
      View Details
    • $19 SF/Yr
      3,990 SF

      Retail Storefront on High-Traffic Corridor

      3,990 SF retail building on N. Navarro, Victoria, TX.
      6508 N Navarro St, Victoria, TX 77904
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      2.2k
    • Avg Time on site
      460 min
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    Victoria, TX 77904-3440
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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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