Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    515 Commerce St Palacios, TX 77465

    Sponsored
    For Sale
    $285,000

    Commercial - Palacios, TX

    Property size:
    5,596 SF
    Lot size:
    0.49 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 19 at 12:06 am

    Property Features for 515 Commerce St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-commercial
    APN
    42426
    Size
    5,596 SF
    Lot size
    0.49 Acres

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    1950
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Ron Laws

    Texas Coastal Properties (361) 972-5900

    Listing agent Ron Laws (361) 972-5900

    Listing date Jan 13, 2026

    MLS# 3778441 Listing URL

    Copyright © 2026 Brazoria County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Palacios Commercial Building Near Bay

    This commercial building offers over 5,500 square feet of space on a 0.49-acre lot, measuring 144 feet wide by 150 feet in depth. The property is located one block from Tres Palacios Bay. Previously used as a restaurant, event center, lumber yard, and plumbing store, the location offers many possibilities. It includes ample parking space for 20 to 30 vehicles. The property is situated one block from a new splash pad and an educational pavilion, with Railroad Park located across the street. The zoning is C-commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Outrigger Event Center Event Venue

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.217407
    Latitude
    28.700066

    Nearby Similar for Sale

    • New
      $925,000
      3,068 SF

      Turnkey Sports Bar and Grill

      Thriving sports bar and grill with loyal customer base.
      1520 State Highway 35 S, Palacios, TX 77465
      View Details
    • $285,000
      5,596 SF

      Palacios Commercial Building For Sale

      Over 5,500 sqft commercial building near Tres Palacios Bay.
      515 Commerce St, Palacios, TX 77465
      View Details
    • $87,000
      120 SF

      Waterfront Lots in Gated Community

      Three lots in gated community with RV amenities and bay views.
      937 Bayview Dr, Palacios, TX 77465
      View Details
    • $160,000
      0.44 Acres

      Residential Lots Near Carancahua Bay

      Two residential lots near Carancahua Bay with RV cover.
      245 Kingfish Ln, Palacios, TX 77465
      View Details
    • Contact for pricing
      0.15 Acres

      Palacios, TX Angler's Escape

      RV and fishing lover's getaway in Cape Carancahua community.
      Bayview Dr, Palacios, TX 77465
      View Details
    • New
      $219,000
      8,514 SF

      Waterfront Resort Lot in Palacios

      Waterfront resort lot with amenities in a tranquil location.
      3413 Bay Pt, Palacios, TX 77465
      View Details
    • New
      $270,000
      9,708 SF

      Waterfront Lot on Tres Palacios

      Waterfront lot with amenities on Tres Palacios Bay.
      3221 Bay Ridge Dr, Palacios, TX 77465
      View Details
    • New
      $255,000
      9,150 SF

      Waterfront Lot on Tres Palacios

      Waterfront lot with amenities on Tres Palacios Bay.
      3329 Bay Point Dr, Palacios, TX 77465
      View Details
    • $1,700,000
      43 SF

      Waterfront RV Park Opportunity

      Turn-key RV park on 6.32 acres in Palacios, TX.
      6649 Tx-35 S, Palacios, TX 77465
      View Details
    • New
      $285,000
      10,710 SF

      Waterfront Resort Property in Palacios

      Waterfront resort property with amenities in gated community, Palacios, TX.
      3209 Bay Ridge Dr, Palacios, TX 77465
      View Details
    • New
      $120,000
      4,710 SF

      Downtown Palacios Commercial Building Shell

      4,170 SF commercial building shell in downtown Palacios, Texas.
      504 Commerce St, Palacios, TX 77465
      View Details
    • $120,000
      4,710 SF

      Downtown Palacios Commercial Building Shell

      4,170 sq ft commercial building shell in downtown Palacios.
      504 Commerce St, Palacios, TX 77465
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial building with ample space, near Tres Palacios Bay.
    Where is this specialty property located?
    The property is located at 515 Commerce St Palacios, TX.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Over 5,500 square feet of commercial space.; - .49 acre lot with dimensions of 144' x 150'.; - Ample parking for 20-30 vehicles.
    (361) 972-5900
    Request Owner's contact information
    515 Commerce St Palacios, TX 77465
    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.
    515 Commerce St
    Palacios, TX 77465
    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
    515 Commerce St Palacios, TX 77465
    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
    Ron Laws
    (361) 972-5900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.