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    Zac Lentz Pkwy Victoria, TX 77904

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    Zac Lentz Pkwy Victoria, TX 77904

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    • Outlet malls
    • 15,056 SF
    • 9.30 lot acres
    For Sale
    $800,000
    View Listing →
    Undeveloped Land on Zac Lentz For Sale
    $800,000
    9.60 Acres

    Undeveloped Land on Zac Lentz

    9.6 acres of commercial land on Zac Lentz Parkway.

    Zac Lentz Parkway, Victoria, TX 77904
    View Listing
    Property ID
    US82-5080292
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for Zac Lentz Pkwy

    Year built
    2022
    Lot size
    9.30 lot acres
    Property size
    15,056 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    55657-001-00100
    APU
    5565700100100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,451,000
      Market price range: $392k - $1.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $870,000
      Current use
      COMMERCIAL (GENERAL)
      $1,745,000
      Change: +101% Conversion: Easy
      OFFICE BUILDING
      $1,700,000
      Change: +96% Conversion: Easy
      MEDICAL BUILDING
      $1,400,000
      Change: +61% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,290,000
      Change: +49% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,185,000
      Change: +36% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.9715
    Latitude
    28.7964
    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
    $60,219
    $2,430,650
    $716,110
    $3,146,760
    -
    $2,430,650
    $716,110
    $3,146,760

    Comparable in this City

    • Value Estimation
      $585,000
      10,104 SF

      8202 Navarro St

      WHOLESALE OUTLET, DISCOUNT STORE • 10,104 SF
      8202 Navarro St, Victoria, TX 77904-2606
      View Details
    • Value Estimation
      $1,625,000
      21,200 SF

      9802 Navarro St

      WHOLESALE OUTLET, DISCOUNT STORE • 21,200 SF
      9802 Navarro St, Victoria, TX 77904-1434
      View Details
    • Value Estimation
      $620,000
      8,944 SF

      7903 Navarro St

      WHOLESALE OUTLET, DISCOUNT STORE • 8,944 SF
      7903 Navarro St, Victoria, TX 77904-2626
      View Details
    • Value Estimation by Request
      12,600 SF

      3705 John Stockbauer Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 12,600 SF
      3705 John Stockbauer Dr, Victoria, TX 77904-2695
      View Details
    • Value Estimation by Request
      9,536 SF

      9569 Us Hwy 87th N

      WHOLESALE OUTLET, DISCOUNT STORE • 9,536 SF
      9569 Us Hwy 87th N, Victoria, TX 77904-4777
      View Details
    • 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

    Similar Nearby for Sale

    • Contact for pricing
      29,443 SF

      Classic Collision NN Asset

      29,443 SF property on 3.25 acres in Victoria, TX.
      4501 N Navarro St, Victoria, TX 77904
      View Details
    • $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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    • $995,000
      7,400 SF

      Victoria Retail Location For Sale

      7,400 SF retail building on 1.35 acres.
      6602 N Navarro St, Victoria, TX 77904
      View Details
    • Contact for pricing
      3,000 SF

      Unique Commercial Property with Golf

      Versatile commercial property with warehouse, retail, and entertainment potential.
      3102 Sam Houston Dr, Victoria, TX 77904
      View Details
    • Contact for pricing
      5,775 SF

      Retail Outparcel Near Victoria Mall

      New construction retail space near Victoria Mall available for sale.
      7306 NE Zac Lentz Pkwy, Victoria, TX 77904
      View Details
    • $4,790,000
      12,760 SF

      Navarro Street Commercial Property

      Turn-key commercial property on a busy corridor with high visibility.
      4705 N Navarro St, Victoria, TX 77904
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      2,217 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
    • $18 SF/Yr
      1,150 SF

      Retail Space Near HEB Grocery

      Retail spaces available in shadow retail center to HEB.
      6106-6202 Navarro St, Victoria, TX 77904
      View Details
    • Contact for pricing

      Retail Space Near HEB Plus

      Retail spaces available in shadow retail center near HEB.
      6202 N Navarro St, Victoria, TX 77904
      View Details
    • $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
    • $10,877 /Mo
      10,040 SF

      Versatile Commercial Property in Victoria

      10,040 SF flex property on 1.54 acres for lease.
      13102 N Navarro St, Victoria, TX 77904
      View Details
    View Listing
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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.

    More about this property
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    Zac Lentz Pkwy, Victoria, TX, 77904

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