Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    238 Seadrift Street Port Lavaca, TX 77979

    View on Map
    Claim this Listing
    For Sale
    $99,000

    COMMERCIAL - Port Lavaca, TX

    Lot size:
    0.58 Acres
    Added:
    Feb 21, 2025
    Days on Market:
    440
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 238 Seadrift Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    10995
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    A0035 MAXIMO SANCHEZ, TRACT PT 48, ACRES 0.5844, (LANA PARK WEST LOT 3)
    Tax Annual Amount
    382

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Becky Wied

    Listing agent Becky Wied License #0480842

    Listing office Wied Realty 609 N Mechanic St., Port Lavaca, TX

    Listing date Feb 21, 2025

    MLS# 570731

    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

    • High‑visibility corner lot with traffic/pedestrian lights.
    • Significant frontage: 147' on Seadrift ST and 103' on W Austin St.
    • Mixed‑use zoning with residential and commercial potential.
    • Public water and sewer connections available.
    • Handicap accessible sidewalks, curbs, and gutters.
    • Located at an intersection controlled by TXDOT.

    Overview

    Port Lavaca Commercial Corner Lot

    This hard corner lot features traffic and pedestrian lights, along with handicap-accessible sidewalks, curbs, and gutters. It offers 147 feet of frontage on Seadrift Street and 103 feet on W Austin Street. The area supports mixed-use development, presenting both residential and commercial possibilities. According to city ordinance, any commercial use requires approval from the planning board and council. Prospective buyers should contact the city development services department to discuss their intended use for the property. TXDOT owns the lights and sidewalk ramps at the corner point of all 4 lots of this intersection. The lot size is approximately 0.5844 acres and is located in Port Lavaca, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Lavaca
    County
    Calhoun
    State
    Texas
    Longitude
    -96.63102
    Latitude
    28.606478

    Nearby Similar for Sale

    • $175,000
      3,327 SF

      Turnkey Medical/Office Property in Port Lavaca

      Versatile commercial property suited for medical or general office use.
      605 N Virginia Street, Port Lavaca, TX 77979
      View Details
    • $700,000
      2,196 SF

      Port Lavaca Commercial Opportunity

      Commercial property with high traffic count in Port Lavaca.
      312 Travis Street, Port Lavaca, TX 77979
      View Details
    • $850,000
      5,612 SF

      Port Lavaca Commercial Property

      Versatile 5,600+ sqft building on 1.4+ acres.
      1205 W Austin Street, Port Lavaca, TX 77979
      View Details
    • $299,000
      21,760 SF

      Income-Producing RV Park Near Beach

      RV park near Magnolia Beach with waterviews and income potential.
      1327 N Ocean Drive, Port Lavaca, TX 77979
      View Details
    • $349,000

      Prime Land on Highway 35

      5.93-acre vacant tract with highway frontage in Port Lavaca.
      Hwy 35, Port Lavaca, TX 77979
      View Details
    • $349,000

      Prime Land on Highway 35

      5.93-acre vacant tract with highway frontage in growing area.
      Hwy 35, Port Lavaca, TX 77979
      View Details
    • $99,000

      Unrestricted Land Near Matagorda Bay

      10-acre unrestricted land near Matagorda Bay, ideal for development.
      TBD1 FM 2717, Port Lavaca, TX 77979
      View Details
    • $99,000

      Coastal Land Near Matagorda Bay

      Unrestricted 12.93+/- acres with easy bay access in Calhoun County.
      TBD2 FM 2717, Port Lavaca, TX 77979
      View Details
    • $329,900
      15,720 SF

      Bowling Alley on Spacious Lot

      Bowling alley with potential for various uses on large lot.
      100 Village Road, Port Lavaca, TX 77979
      View Details
    • $375,000
      8,900 SF

      Port Lavaca Commercial Grain Storage

      7.9 acres with grain silos and office space.
      1621 W Main Street, Port Lavaca, TX 77979
      View Details
    • $495,000
      1,847 SF

      Waterview Duplex in Port Lavaca

      Two-story duplex with bay views, ideal for rental income.
      417 & 419 S Commerce Street, Port Lavaca, TX 77979
      View Details
    • $275,000

      Port Lavaca RV Park Development

      3.85 acre coastal property for RV park development.
      268 Powderhorn Lane lot: 2, Port Lavaca, TX 77979
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with mixed-use potential in Port Lavaca, TX.
    Where is this commercial land located?
    The property is located at 238 Seadrift Street Port Lavaca, TX.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: High‑visibility corner lot with traffic/pedestrian lights.; Significant frontage: 147' on Seadrift ST and 103' on W Austin St.; Mixed‑use zoning with residential and commercial potential.
    (979) 637-6371
    We can help!
    Listing Contact
    Becky Wied
    Real Estate License ID: 0480842
    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
    238 Seadrift Street, Port Lavaca, TX 77979
    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!