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

    1101 Salem Rd Victoria, TX 77904

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,900

    Centrally located office building with quality finishes and flexible layout.

    Lot size:
    0.95 Acres

    Property Features for 1101 Salem Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.95 Acres

    Building Details

    Year built
    1963

    We can help!

    Listing Contact
    Greg Spears
    Greg Spears
    Source: Elliman

    Listing Agent: Greg Spears

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

    Learn more

    Overview

    Professional Office Building For Sale

    This centrally located professional office building offers convenience, functionality, and curb appeal. The property is surrounded by mature shade trees and ample parking. The interior features quality finishes throughout, along with a thoughtfully designed floor plan that provides flow and flexibility for various business needs. The building includes two lease spaces. The primary unit features two bathrooms and storage options, while the second unit offers a private bathroom and additional storage. The property is located at the corner of Salem Rd and Guy Grant.
    Location Intelligence

    Current Use by Public Records

    DEPTH Wellness Collective Medical Clinic Orr Financial Group Financial Advisor

    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
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.991199
    Latitude
    28.85115

    Nearby Similar for Sale

    • $375,000
      6,850 SF

      Victoria Commercial Property with Warehouse

      Office and warehouse space available near Highway 59.
      2203 Port Lavaca Dr, Victoria, TX 77901
      View Details
    • $899,000
      12,838 SF

      Versatile Commercial Property in Victoria, TX

      Flex/combination commercial property suitable for various business needs.
      205 Profit Dr, Victoria, TX 77901
      View Details
    • $449,900
      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
    • $875,000
      5,012 SF

      Victoria Commercial Property with Yard

      Commercial building with shop, offices, and fenced yard.
      13004 N Navarro St, Victoria, TX 77904
      View Details
    • $370,000
      6,200 SF

      Renovated Church Building on Corner

      Renovated church building suitable for various uses.
      1508 N East St, Victoria, TX 77901
      View Details
    • $950,000
      10,000 SF

      Houston Highway Commercial Opportunity

      Retail/office building with warehouse and shop on 0.92 acres.
      3208 Houston Hwy, Victoria, TX 77901
      View Details
    • $379,000
      4,024 SF

      Open-Air Commercial Property in Victoria

      Commercial property with open-air structure, formerly The Wellhead Tavern.
      23404 Zac Lentz Pkwy, Victoria, TX 77905
      View Details
    • $695,000
      5,459 SF

      Restored Historic Building in Victoria

      Restored historic building suitable for retail, dining, and more.
      102 S Main St, Victoria, TX 77901
      View Details
    • $454,900
      9,480 SF

      Highway Commercial Property For Sale

      Prime commercial property with retail, office, and warehouse space.
      3011 Houston Hwy, 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 Dr, Victoria, TX 77901
      View Details
    • New
      $1,499,900
      13,500 SF

      Victoria Commercial Property with Highway Frontage

      4+ acre commercial property with two buildings and highway frontage.
      13955 Us Highway 77, Victoria, TX 77904
      View Details
    • $179,885
      3,105 SF

      Move-In Ready Professional Office Space

      Commercial office space near hospital and university in Victoria, TX.
      3104 E Red River St, Victoria, TX 77901
      View Details

    FAQs

    What type of property is this?
    Office building - Centrally located office building with quality finishes and flexible layout.
    Where is this office building 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: - Prime corner lot location at Salem Rd and Guy Grant offers high visibility and accessibility.; - Two distinct lease spaces provide flexibility for various business needs or rental income.; - Thoughtfully designed floor plan ensures excellent flow and functionality.
    (361) 649-2906
    Request Owner's contact information
    1101 Salem Rd Victoria, TX 77904
    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.
    1101 Salem Rd
    Victoria, TX 77904
    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
    1101 Salem Rd Victoria, TX 77904
    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

    We can help!
    Listing Contact
    Greg Spears
    Greg Spears
    (361) 649-2906 (361) 573-6001
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!