Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land in Victoria Title is generated by Realmo AI

    1507 Salem Road, Victoria, TX 77904

    View on Map
    Claim this Listing
    For Sale
    $289,900

    COMMERCIAL - Victoria, TX

    Lot size:
    1.94 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    111
    Last Refresh:
    May 27 at 8:06 pm

    Property Features for 1507 Salem Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20411719
    Lot size
    1.94 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    GARRETT SUBD NO 1, BLOCK 1, LOT 1, ACRES 1.945
    Tax Annual Amount
    2148

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    The Zaplac Group

    Listing agent The Zaplac Group

    Listing office Coldwell Banker D'Ann Harper 5606 N Navarro St Suite 107, San Antonio, TX

    Listing date Feb 5, 2026

    MLS# 603839

    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.

    HighLights

    • Prime and central location
    • Large 1.94‑acre property
    • Close proximity to shopping centers
    • Close proximity to banks
    • Close proximity to schools
    • Close proximity to medical facilities

    Overview

    This 1.94-acre commercial property is centrally located in Victoria, Texas, offering proximity to various amenities. The location is near shopping centers, banks, schools, and medical facilities. The property is suitable for a range of commercial ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.987
    Latitude
    28.854334

    Nearby Similar for Sale

    • $699,900
      12,600 SF

      Victoria Industrial Property with Cranes

      Versatile industrial property with office space and crane-equipped warehouse.
      3806 E Rio Grande Street, Victoria, TX 77901
      View Details
    • $1,300,000
      8,000 SF

      Turn-Key Industrial Facility For Sale

      8,000 SF industrial facility with office and warehouse space.
      22603 Zac Lentz Parkway, Victoria, TX 77905
      View Details
    • $449,900
      3,000 SF

      Unique Commercial Property with Golf

      Versatile commercial property with warehouse, retail, and entertainment potential.
      3102 Sam Houston Drive, Victoria, TX 77904
      View Details
    • $450,000
      10,929 SF

      Victoria Commercial Property with Acreage

      Versatile commercial building with ample space in Victoria, Texas.
      3701 E Rio Grande Street, Victoria, TX 77901
      View Details
    • $1,395,000
      10,040 SF

      Versatile Commercial Property in Victoria

      Renovated flex property with office, retail, and warehouse space.
      13102 N Navarro, Victoria, TX 77904
      View Details
    • $365,000
      5,048 SF

      Versatile Commercial Building on Corner Lot

      Multi-space commercial building suitable for various business uses.
      1508 N East Street, Victoria, TX 77901
      View Details
    • $287,500
      7,240 SF

      Versatile Commercial Property on Corner Lot

      Commercial property suited for automotive, mechanical, industrial, or warehouse use.
      607 E Crestwood Drive, Victoria, TX 77901
      View Details
    • $895,000
      12,300 SF

      Spacious Commercial Building on 6 Acres

      12,300 sq ft commercial building on 6 acres.
      553 Aloe Road, Victoria, TX 77905
      View Details
    • $2,275,000
      172,473 SF

      Downtown Victoria Office Building

      Iconic 172,000 sq. ft. office building in downtown Victoria.
      120 S Main Street, Victoria, TX 77901
      View Details
    • $975,000
      43,957 SF

      Victoria Office Building For Sale

      43,957 SF office space on 5 acres in Victoria, TX.
      1309 E Red River, Victoria, TX 77901
      View Details
    • $1,099,000
      21,700 SF

      Versatile Commercial Property in Victoria

      Prime location, exceptional access, ideal for various business operations.
      1301 N East Street, Victoria, TX 77901
      View Details
    • $1,200,000
      12,652 SF

      High-Visibility Commercial Property on Highway

      4.36-acre commercial property with redevelopment potential in Victoria, TX.
      4106 Houston Highway, Victoria, TX 77901
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.94-acre commercial land near amenities in Victoria, TX.
    Where is this commercial land located?
    The property is located at 1507 Salem Road Victoria, TX.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Prime and central location; Large 1.94‑acre property; Close proximity to shopping centers
    (361) 541-4100
    We can help!
    Listing Contact
    The Zaplac Group
    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

    Thank You for Inquiry
    1507 Salem Road, Victoria, TX 77904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!