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    Property profile & analytics

    9005 Navarro St Victoria, TX 77904-1563

    • Outlet malls
    • 14,748 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6227572
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • LibertyX Bitcoin ATM / Atm
    • Niyati Shah, PharmD / Pharmacy
    • Kathryn J. Moore, RPH / Pharmacy
    • Walgreens Pharmacy / Pharmacy

    Property Details for 9005 Navarro St

    Year built
    2008
    Construction
    FRAME
    Lot size
    1.29 lot acres
    Property size
    14,748 SF
    Property type
    Outlet malls
    APN
    55668-001-004R0
    APU
    55668001004R0

    Description

    This exceptional investment opportunity presents a single-tenant, net-leased Walgreens pharmacy located at 9005 N Navarro St, Victoria, TX 77904. The 14,820 square-foot building, constructed in 2009, sits on a 1.29-acre lot and enjoys a prominent, signalized corner location with high visibility along North Navarro Street (43,380 vehicles per day). The property benefits from its position in Victoria's Retail Village, an established retail center anchored by Kohl's and Academy Sports + Outdoors, and is surrounded by a dense cluster of major retailers including Lowe's, Sam's Club, Walmart, The Home Depot, Target, Ross, and PetSmart. The strong location is further enhanced by its proximity to Victoria Mall and a population of nearly 53,000 people within a five-mile radius, with an average household income of $95,963 within three miles. The Walgreens lease, an absolute NNN lease with no landlord responsibilities, has a remaining term of 9.2 years, expiring January 31, 2034, and includes ten 5-year renewal options. The property boasts a 6.25% cap rate and a net operating income (NOI) of $352,135, with an asking price of $5,634,160 ($380.17 per square foot). The property's consistent above-average sales volumes and location in the income tax-free state of Texas make this a compelling investment opportunity. Walgreens, a Fortune 500 company and a global leader in retail pharmacy, occupies the property at 100% occupancy. This is a rare chance to acquire a high-performing, stable investment in a prime retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $875,000
      Market price range: $384k - $1.42M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $850,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,160,000
      Change: +36% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9973
    Latitude
    28.8787
    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
    $25,002
    $956,750
    $366,472
    $1,323,222
    -
    $956,750
    $366,472
    $1,323,222

    Comparable in this City

    • Value Estimation
      $540,000
      10,500 SF

      3105 Mockingbird Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 10,500 SF
      3105 Mockingbird Ln, Victoria, TX 77904-2810
      View Details
    • Value Estimation
      $2,730,000
      111,080 SF

      9202 Navarro St

      WHOLESALE OUTLET, DISCOUNT STORE • 111,080 SF
      9202 Navarro St, Victoria, TX 77904-1435
      View Details
    • Value Estimation
      $850,000
      15,560 SF

      5705 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 15,560 SF
      5705 Main St, Victoria, TX 77904-1217
      View Details
    • Value Estimation
      $505,000
      12,916 SF

      202 Larkspur St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,916 SF
      202 Larkspur St, Victoria, TX 77904-2631
      View Details
    • Value Estimation
      $1,150,000
      15,056 SF

      Zac Lentz

      WHOLESALE OUTLET, DISCOUNT STORE • 15,056 SF
      Zac Lentz, Victoria, TX 77904
      View Details
    • Value Estimation
      $3,870,000
      205,732 SF

      9002 Navarro St

      WHOLESALE OUTLET, DISCOUNT STORE • 205,732 SF
      9002 Navarro St, Victoria, TX 77904-1431
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      2,380 SF

      Retail Space Near Highway 77

      Retail space with easy highway access and anchor tenants.
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      Retail space with easy highway access and anchor tenants.
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      View Details
    • $20 SF/Yr
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      Retail Space Near HEB Grocery

      Retail spaces available in shadow retail center to HEB.
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    • $15 SF/Yr
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      Prime Retail Location Available

      Excellent location near major retailers with easy access and signage.
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    • 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
    • $32 SF/Yr
      26,846 SF

      Prime Retail Space in Victoria

      Exceptional leasing opportunity near Victoria Mall with high traffic.
      7804 N Navarro St, Victoria, TX 77904
      View Details
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    9005 Navarro St
    Victoria, TX 77904-1563
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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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