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

    W Bayshore Drive lot 876 Palacios, TX 77465

    View on Map
    Claim this Listing
    For Sale
    $178,500

    LAND - Palacios, TX

    Lot size:
    0.75 Acres
    Added:
    Aug 8, 2024
    Days on Market:
    620
    Last Refresh:
    Apr 19 at 3:06 am

    Property Features for W Bayshore Drive lot 876

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R48549
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    CAPE CARANCAHUA #3, LOT 876-S/2 877
    Tax Annual Amount
    1873

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Russell Cain
    Russell Cain

    Listing agent Russell Cain License #0163380

    Listing office Russell Cain Real Estate 2025 Hwy. 35, TX

    Listing date Aug 8, 2024

    MLS# 553582 Listing URL

    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

    Waterfront Land in Gated Community

    This waterfront property overlooks Carancahua Bay on Bayshore within the gated community of Cape Carancahua. Comprising 1.5 lots, the property features a seawall and spans 0.75 acres. Cape Carancahua offers a range of amenities, including a boat launch, boat trailer parking, three lighted fishing piers, two swimming pools, two tennis courts, a basketball goal, a children's playground, a picnic area, a community meeting room, a community center, an outdoor picnic pavilion, and wetlands for wildlife. This location is ideal for enjoying sunrises and sunsets, fishing, relaxation, and creating lasting memories.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.208181
    Latitude
    28.71126

    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
      5,596 SF

      Palacios Commercial Building Near Bay

      Commercial building with ample space, near Tres Palacios Bay.
      515 Commerce, Palacios, TX 77465
      View Details
    • $60,000
      10,686 SF

      Coastal Property with Carport

      0.25 acre coastal property with carport and utilities.
      193 Red Snapper, Palacios, TX 77465
      View Details
    • $26,000
      15,030 SF

      Coastal Land with Existing Structure

      Large lot in Palacios, TX with potential.
      Flounder lot: 6, Palacios, TX 77465
      View Details
    • $40,000

      Coastal Lots in Gated Community

      Two connected lots in amenity-rich waterfront community on the Texas coast.
      1912 Bayview Drive, Palacios, TX 77465
      View Details
    • $130,000
      9,676 SF

      Palacios Land Near Carancahua Bay

      Two lots near Carancahua Bay with RV cover and utilities.
      245 Kingfish, Palacios, TX 77465
      View Details
    • $65,000
      13,068 SF

      Three Acres in Cape Shores

      Three acre lot in coastal community near Carancahua Bay.
      Falcon Way lot: 64, Palacios, TX 77465
      View Details
    • $3,798,480

      Palacios Farm and Ranch Land

      638.4 acres of farm and ranch land near Gulf Coast.
      3361 -- FM 1862, Palacios, TX 77465
      View Details
    • $12,000
      9,525 SF

      Palacios, TX Land For Sale

      0.22 acre lot in peaceful Boca Chica community.
      Snook Dr lot: 32, Palacios, TX 77465
      View Details
    • $17,750
      11,189 SF

      Palacios, TX Quarter Acre Lot

      0.25 acre lot near Carancahua Bay in Palacios, TX.
      84 Seahorse Dr., Palacios, TX 77465
      View Details
    • $27,500
      10,544 SF

      Palacios, TX Residential Lot

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

    FAQs

    What type of property is this?
    Residential land & home lot - Waterfront property in gated community with many amenities.
    Where is this residential land & home lot located?
    The property is located at W Bayshore Drive lot 876 Palacios, TX.
    What is the asking price?
    The asking price for this property is $178,500.
    What are key features of this property?
    This property features: Waterfront property overlooking Carancahua Bay with a seawall.; Located in the gated community of Cape Carancahua.; Access to community amenities including boat launch, fishing piers, swimming pools, tennis courts, and more.
    (361) 920-6313
    We can help!
    Listing Contact
    Russell Cain
    Russell Cain
    Real Estate License ID: 0163380
    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!