Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108 S Alamo Street Refugio, TX 78377

    View on Map
    Claim this Listing
    New
    For Sale
    $450,000

    COMMERCIAL - Refugio, TX

    Property size:
    12,544 SF
    Lot size:
    2.55 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 14 at 9:06 pm

    Property Features for 108 S Alamo Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    358001
    Size
    12,544 SF
    Lot size
    2.55 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LTS 5 - 6 & 15 - 16 BLK 114 REFUGIO (SHAY PLAZA )
    Tax Annual Amount
    9266

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    The Petry Realty Group

    Listing agent The Petry Realty Group

    Listing office Cornerstone Properties 5003-F John Stockbauer Dr., Victoria, TX

    Listing date Apr 13, 2026

    MLS# 610403

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Refugio Commercial Strip Mall For Sale

    Located at a high-visibility intersection in Refugio, this commercial strip mall presents an investment opportunity at the corner of S Alamo Street and U.S. Highway 77. The 12,544 square foot building is situated on approximately 2.5 acres. The location benefits from an estimated 10,000-15,000 vehicles passing daily, providing frontage and exposure for businesses. The property is partially occupied with one established tenant, offering immediate income potential. There are 4 or more remaining units available, creating an opportunity for investors or owner-operators to lease out the remaining spaces and increase cash flow. This strip center is suitable for retail, office, or service-based businesses aiming to capitalize on local and through traffic. The location offers both current stability and future growth opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greyhound: Bus Station Logistics Company Western Union Bank 7-Eleven Bakery Stripes Parking Lot & Garage Laredo Taco Company Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Refugio
    County
    Refugio
    State
    Texas
    Longitude
    -97.27565
    Latitude
    28.302927

    Nearby Similar for Sale

    • $250,000
      7,626 SF

      Expansive Flex-Space in Refugio, TX

      Versatile flex-space with development potential on a 1.5-acre lot.
      127 Fairgrounds Road, Refugio, TX 78377
      View Details
    • $65,000
      1,056 SF

      Refugio Commercial Corner Lot

      Corner lot with cinder block building, many possibilities.
      1002 Power Street, Refugio, TX 78377
      View Details
    • $119,000

      Turnkey RV Park Investment Opportunity

      Turnkey RV park with income potential in central Refugio.
      507 E Plasuela Street, Refugio, TX 78377
      View Details
    • $487,000

      Refugio, TX Land with Home

      36+ acre tract with home, ready for country living.
      130 Old Goliad Road, Refugio, TX 78377
      View Details
    • $65,000
      1,056 SF

      Refugio Office Building For Sale

      Commercial office building on corner lot, many possibilities.
      1002 POWER ST, Refugio, TX 78377
      View Details
    • $99,000

      Refugio, TX Land Opportunity

      Turnkey investment with RV parking and business potential.
      507 E Plasuela Street lot: 6, Refugio, TX 78377
      View Details
    • $79,000
      912 SF

      Remodeled Property with Flexible Zoning

      Remodeled property with flexible zoning for residential or commercial use.
      506 N Alamo Street, Refugio, TX 78377
      View Details
    • $1,000,000
      14,700 SF

      Refugio Self-Storage Investment Opportunity

      Self-storage facility in Refugio, TX with significant upside potential.
      908 Bayou St, Refugio, TX 78377
      View Details
    • $499,000
      5,486 SF

      Remodeled Commercial Building on Highway

      Remodeled commercial building with high visibility and ample parking.
      1002 Victoria Rd, Refugio, TX 78377
      View Details

    FAQs

    What type of property is this?
    Strip mall - Commercial strip mall with high visibility and income potential.
    Where is this strip mall located?
    The property is located at 108 S Alamo Street Refugio, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High‑visibility corner location at the intersection of S Alamo Street and U.S. Highway 77.; High daily traffic count of 10,000‑15,000 vehicles.; 12,544 SF building on approximately 2.5 acres.
    (361) 571-4769
    We can help!
    Listing Contact
    The Petry Realty Group
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!