Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bayfront Lot on Dickinson Bay Title is generated by Realmo AI

    0000 12th San Leon, San Leon, TX 77539

    View on Map
    Claim this Listing
    For Sale
    $180,000

    Bayfront lot with approximately 98 feet of waterfront.

    Type:Land or Vacant Lot
    Added:
    Oct 1, 2023
    Days on Market:
    974
    Last Refresh:
    May 10 at 11:00 pm

    Property Features for 0000 12th San Leon

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    ALANA CROKER
    ALANA CROKER

    Listing agent ALANA CROKER License #0391580

    Listing office KELLER WILLIAMS REALTY CLEAR LAKE / NASA

    Listing date Oct 1, 2023

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY CLEAR LAKE / NASA

    HighLights

    • Bayfront lot on Dickinson Bay
    • Approx. 98 feet of waterfront
    • Opportunity to build a dream home
    • Investment property potential
    • Close proximity to restaurants (Pier 6, Top Water Grill)
    • Enjoy fishing and bay breezes

    Overview

    This is a bayfront lot on Dickinson Bay, featuring approximately 98 feet of waterfront. It is suitable for building a dream home or an investment property. The location is close to local restaurants such as Pier 6 and Top Water Grill, offering opportunities to enjoy fishing and bay breezes.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Big Box & Wholesale Store Food Market Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    San Leon
    County
    Galveston
    State
    Texas
    Longitude
    -94.921602
    Latitude
    29.497028

    Nearby Similar for Sale

    • $229,000

      San Leon Development Opportunity

      Cleared 2+ acre land near the Bay, Kemah, and Galveston.
      333 24th St, San Leon, TX 77539
      View Details
    • $595,000
      2,132 SF

      San Leon Retail/Commercial Space

      2,132 SF retail/commercial space suitable for various businesses.
      902 FM517, San Leon, TX
      View Details
    • $130,000

      San Leon Land with Bay Views

      Residential land in gated community with water views and amenities.
      226 Debbie Lane, San Leon, TX 77539
      View Details
    • $80,000

      RV Ready Fenced Lot

      Operational RV lot near Galveston Bay with utilities in place.
      637 16th St, San Leon, TX 77539
      View Details
    • $52,500

      Unrestricted Lot Near Galveston Bay

      Unrestricted lot with slab and partially started container home.
      437 16th St, San Leon, TX 77539
      View Details
    • $300,000

      Bayshore Drive Commercial Land

      Under 1 acre with high visibility and accessibility.
      2222 E Bayshore Drive, San Leon, TX 77539
      View Details
    • $47,500

      Unrestricted Lot Near Galveston Bay

      Unrestricted lot near Galveston Bay with utilities available.
      439 16th St, San Leon, TX 77539
      View Details
    • $80,000

      RV Living Ready Property

      Operational RV property with utilities near Galveston Bay.
      635 16th Street, San Leon, TX 77539
      View Details
    • $69,000

      Affordable Housing Opportunity in San Leon

      Land with mobile home, ideal for investors or affordable housing.
      318 4th St, San Leon, TX 77539
      View Details
    • $5,000,000

      Prime Land on Broadway Street

      Large 22.78-acre site with frontage and high visibility.
      2360 Broadway St, San Leon, TX 77539
      View Details
    • $575,000

      Waterfront Lot with Fishing Pier

      Large waterfront lot with water rights for fishing pier.
      2588 Cliff Dr, San Leon, TX
      View Details
    • $300,000

      Waterfront Land with Bay Views

      Large, level waterfront lot near the bay with expansive views.
      514 3rd Street, San Leon, TX 77539
      View Details

    FAQs

    What type of property is this?
    Land - Bayfront lot with approximately 98 feet of waterfront.
    Where is this land located?
    The property is located at 0000 12th San Leon San Leon, TX.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Bayfront lot on Dickinson Bay; Approx. 98 feet of waterfront; Opportunity to build a dream home
    (281) 335-0335
    We can help!
    Listing Contact
    ALANA CROKER
    ALANA CROKER
    Real Estate License ID: 0391580
    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
    0000 12th, San Leon, San Leon, TX 77539
    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!