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    1101 Salem Rd Victoria, TX 77904

    For Sale
    $499,900

    Redeveloped commercial space suitable for office, retail, or medical.

    Lot size:
    0.42 Acres

    Property Features for 1101 Salem Rd

    General Information

    Lot size
    0.42 Acres

    Building Details

    Year built
    1963

    Source: Greg Spears Realty Agent Greg Spears

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lot with Redeveloped Suites

    Located on the corner of Salem Road and Guy Grant Road, this property features mature live oak trees and concrete parking areas in both the front and back. The building has been redeveloped and is commercially wired. It includes two suites that are currently leased on a month-to-month basis. The property is suitable for office, retail, or medical use. The location offers high traffic counts and proximity to shopping, schools, and dining.
    Insight Report Location Intelligence

    Current Use by Public Records

    DEPTH Wellness Collective Medical Clinic Orr Financial Group Financial Planner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.991199
    Latitude
    28.85115

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    FAQs

    What type of property is this?
    Office space - Redeveloped commercial space suitable for office, retail, or medical.
    Where is this office space located?
    The property is located at 1101 Salem Rd Victoria, TX.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - High-traffic location on the corner of Salem Road and Guy Grant Road.; - Two existing suites are currently leased, providing immediate rental income.; - Suitable for various commercial uses: office, retail, medical, etc.
    (361) 649-2906
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    1101 Salem Rd Victoria, TX 77904
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    Victoria, TX 77904
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    Realmo Value Estimation

    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.

    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.

    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
    1101 Salem Rd Victoria, TX 77904
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