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

    89 Blue Fish Lane lot 31 Palacios, TX 77465

    View on Map
    For Sale
    $59,000

    LAND - Palacios, TX

    Lot size:
    0.42 Acres
    Added:
    Aug 22, 2024
    Days on Market:
    588
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 89 Blue Fish Lane lot 31

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R13115
    Lot size
    0.42 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxDescription
    BOCA CHICA SEC. VIII, LOT 31, ACRES 0.21
    TaxAnnualAmount
    373

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Corri Urban
    Corri Urban

    Listing agent Corri Urban License #0672988

    Listing office Shaw Realty 5001-D John Stockbauer, TX

    Listing date Aug 22, 2024

    MLS# 555124

    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.

    Overview

    Water View Land in Palacios

    This property consists of two lots situated in Boca Chica, offering a water view. A culvert, driveway, and pad site are already in place. The property has electric service, and sewer and water connections are established. Located in a community that features a clubhouse, private boat ramp, neighborhood pool, and a restaurant. The land is approximately 0.42 acres. The location provides convenient access to both Palacios and Port Lavaca.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.0956
    Latitude
    28.7072

    Nearby Similar for Sale

    • $355,000
      1,800 SF

      Equipped Auto Shop on Highway

      Fully equipped auto shop with highway frontage for sale.
      1105 Henderson, Palacios, TX 77465
      View Details
    • $120,000
      4,710 SF

      Downtown Palacios Commercial Building Shell

      4,170 SF commercial building shell in downtown Palacios, Texas.
      504 Commerce, Palacios, TX 77465
      View Details
    • $285,000
      10,710 SF

      Waterfront Resort Property in Palacios

      Waterfront resort property with amenities in gated community, Palacios, TX.
      3209 Bay Ridge, Palacios, TX 77465
      View Details
    • $285,000
      5,596 SF

      Palacios Commercial Building Near Bay

      Commercial building with ample space, near Tres Palacios Bay.
      515 Commerce, Palacios, TX 77465
      View Details
    • $219,000
      8,514 SF

      Waterfront Resort Lot in Palacios

      Waterfront resort lot with amenities in a tranquil location.
      3413 Bay Point, Palacios, TX 77465
      View Details
    • $15,000
      9,187 SF

      Palacios, TX Land For Sale

      0.21 acre lot near Carancahua Bay, Palacios, TX
      Lot 166 Coral Lane, Palacios, TX 77465
      View Details
    • $50,000

      Coastal Lots in Gated Community

      Two connected lots in amenity-rich waterfront community on Texas coast.
      1912 Bayview Drive, Palacios, TX 77465
      View Details
    • $27,500
      10,544 SF

      Palacios, TX Land Lot

      Residential lot in Palacios, TX with community amenities.
      92 Angelfish Dr, Palacios, TX 77465
      View Details
    • $35,000

      Coastal Land in Gated Community

      0.48-acre property in Cape Carancahua with community amenities.
      Tomahawk Drive lot: 1220-1222, Palacios, TX 77465
      View Details
    • $37,000
      9,104 SF

      Palacios, TX Land with Utilities

      0.21 acre lot ready for RV cover in Palacios.
      34 Kingfish, Palacios, TX 77465
      View Details
    • $27,500
      11,543 SF

      Residential Land in Palacios, TX

      Large corner lots suitable for building a dream or vacation home.
      201 Beecher, Palacios, TX 77465
      View Details
    • $21,900

      Boca Chica Unimproved Land

      0.20-acre lot near Carancahua Bay with flexible development options.
      Lot 169 Salmon, Palacios, TX 77465
      View Details

    FAQs

    What type of property is this?
    Land - Two lots with water view and utilities in Boca Chica.
    Where is this land located?
    The property is located at 89 Blue Fish Lane lot 31 Palacios, TX.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: Two combined lots offer a fantastic water view, perfect for your dream home.; Utilities are connected, including electric, sewer, and water.; Driveway, culvert, and pad site are already in place.
    (361) 649-1357
    We can help!
    Listing Contact
    Corri Urban
    Corri Urban
    Real Estate License ID: 0672988
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!