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

    689 Bob White Rd Victoria, TX 77905-0603

    • Flex space
    • 7,500 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5717195
    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

    • Victoria Mechanical Services Inc / Mechanic

    Property Details for 689 Bob White Rd

    Year built
    2006
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    7,500 SF
    Property type
    Flex space
    APN
    07900-000-02502
    APU
    790000002502

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $360,000
      Market price range: $240k - $777k

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -97.0932
    Latitude
    28.7772
    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
    $3,758
    $26,640
    $214,600
    $241,240
    -
    $26,640
    $214,600
    $241,240

    Comparable in this City

    • Value Estimation
      $275,000
      1,600 SF

      2042 Burroughsville Rd

      LIGHT INDUSTRIAL • 1,600 SF
      2042 Burroughsville Rd, Victoria, TX 77905-5536
      View Details
    • Value Estimation
      $325,000
      6,000 SF

      9286 State Hwy 185th S

      LIGHT INDUSTRIAL • 6,000 SF
      9286 State Hwy 185th S, Victoria, TX 77905-1830
      View Details
    • Value Estimation
      $210,000
      2,100 SF

      5231 Us Hwy 87th S

      LIGHT INDUSTRIAL • 2,100 SF
      5231 Us Hwy 87th S, Victoria, TX 77905-5554
      View Details
    • Value Estimation
      $265,000
      1,250 SF

      1201 Wood Hi Rd

      LIGHT INDUSTRIAL • 1,250 SF
      1201 Wood Hi Rd, Victoria, TX 77905-5668
      View Details
    • Value Estimation
      $285,000
      4,480 SF

      148 Hl Rd

      LIGHT INDUSTRIAL • 4,480 SF
      148 Hl Rd, Victoria, TX 77905-5463
      View Details
    • Value Estimation
      $290,000
      3,072 SF

      905 Bob White Rd

      LIGHT INDUSTRIAL • 3,072 SF
      905 Bob White Rd, Victoria, TX 77905-3550
      View Details

    Similar Nearby for Sale

    • $1,500,000
      41,451 SF

      Versatile Industrial Facility For Sale

      41,623 SF industrial facility on 5.38 acres.
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    • $2,350,000
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      Turnkey Industrial Facility in Victoria

      Move-in ready industrial facility with equipment, vehicles, and inventory included.
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    • New
      $250,000
      6,000 SF

      Versatile Commercial Property in Victoria

      Spacious warehouse with parking, ideal for storage or light industrial.
      425 E Grouse Rd, Victoria, TX 77905
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    • $960,520
      16.28 Acres

      Prime Victoria Industrial Land

      16.28 Acres, Build-to-Suit Potential
      4007 Us Highway 77, Victoria, TX 77905
      View Details
    • Contact for pricing
      6,208 SF

      Victoria Warehouse Space Available

      6,208 SF warehouse space in Victoria, Texas.
      5901 Us Highway 59 N, Victoria, TX 77905
      View Details
    • $1,470,000
      13.97 Acres

      Victoria TX Commercial Property For Sale

      12,321 sqft metal building on 13.97 acres.
      8609 Lone Tree Rd, Victoria, TX 77905
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo
      173,804 SF

      Industrial Building in Aloe Park

      Industrial building in Victoria, Texas, with office space.
      409 Enterprise Dr, Victoria, TX 77905
      View Details
    • $10 SF/Yr
      13,760 SF

      Prime Victoria Industrial Space

      13,760 SF Warehouse/Office
      409 Enterprise Dr, Victoria, TX 77905
      View Details
    • $12,300 /Mo
      12,500 SF

      Modern Industrial Facility For Lease

      Newer 12,500 SF industrial facility with office space on 4 acres.
      8331 Lone Tree Rd, Victoria, TX 77905
      View Details
    • $11 SF/Yr
      12,500 SF

      Lone Tree Industrial Building

      12,500 SF Manufacturing Space
      8331 Lone Tree Rd, Victoria, TX 77905
      View Details
    • $6,050 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      6102 Us Highway 59 S, Victoria, TX 77905
      View Details
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    689 Bob White Rd
    Victoria, TX 77905-0603
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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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