Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Refugio Commercial Corner Lot Title is generated by Realmo AI

    1002 Power Street, Refugio, TX 78377

    View on Map
    Claim this Listing
    For Sale
    $65,000

    COMMERCIAL - Refugio, TX

    Property size:
    1,056 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $61/SF
    Added:
    Nov 24, 2025
    Days on Market:
    174
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 1002 Power Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    003260038000000000000
    Size
    1,056 SF
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Description
    100 X 166-2/3 PT OF LT 17 BLK 10 REFUGIO

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Building materials
    Brick, Block
    Roof type
    Flat

    We can help!

    Listing Contact
    Donna Voyles
    Donna Voyles

    Listing agent Donna Voyles License #0382305

    Listing office Keller Williams Coastal Bend - 4518 Everhart Rd Suite 101, Corpus Christi, TX

    Listing date Nov 24, 2025

    MLS# 468116

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

    HighLights

    • Corner lot location offers high visibility and accessibility.
    • Cinder block building provides a durable and low‑maintenance structure.
    • Plumbed for restroom and break area, increasing functionality.
    • Gutted to the studs, allowing for customized build‑out.
    • Two front rooms and two rear storage areas offer flexible space.
    • New survey available.

    Overview

    Located on a corner lot, this commercial property features a cinder block building with many possibilities for use. The property, being sold as is, was recently gutted to the studs, with some sheetrock installed. The building is plumbed for a restroom and break area. The layout includes two rooms in the front and two storage areas in the rear, along with a back exit door. The condition of the air conditioning is unknown. The lot size is approximately 0.38 acres. The building has 1056 square feet of space. The property originally had a garage apartment on the rear of the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • Britt’s Floral — 718 Commerce St, Refugio, TX 78377
    • Nona's Flower Box — 411 E Purisima St, Refugio, TX 78377

    Location Insight

    • Map
    • Local Demand
    City
    Refugio
    County
    Refugio
    State
    Texas
    Longitude
    -97.278564
    Latitude
    28.294648

    Nearby Similar for Sale

    • $450,000
      12,544 SF

      Refugio Commercial Strip Mall For Sale

      Commercial strip mall with high visibility and income potential.
      108 S Alamo Street, Refugio, TX 78377
      View Details
    • $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
    • $450,000
      12,544 SF

      Refugio Commercial Strip Mall Opportunity

      High-visibility strip mall with income potential in Refugio, Texas.
      108 S Alamo St, Refugio, TX 78377
      View Details
    • $99,000

      Turnkey RV Park Investment Opportunity

      Turnkey RV park with income potential in central Refugio.
      507 E Plasuela Street, Refugio, TX 78377
      View Details
    • $75,000

      Residential Lot with RV Infrastructure

      0.92 acre residential lot with existing RV infrastructure.
      908 Power, 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
    • $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
    • $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?
    Storefront property - Corner lot with cinder block building, many possibilities.
    Where is this storefront property located?
    The property is located at 1002 Power Street Refugio, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Corner lot location offers **high visibility and accessibility**.; Cinder block building provides a durable and low‑maintenance structure.; Plumbed for restroom and break area, increasing functionality.
    (361) 816-7346
    We can help!
    Listing Contact
    Donna Voyles
    Donna Voyles
    Real Estate License ID: 0382305
    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

    Thank You for Inquiry
    1002 Power Street, Refugio, TX 78377
    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!