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
    The Largest CRE Database in the US with Over 1 Million Listings

    2596 Tx-87 Crystal Beach, TX 77650

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,000

    Three contiguous lots on Highway 87, suitable for commercial/residential.

    Lot size:
    0.30 Acres

    Property Features for 2596 Tx-87

    General Information

    Lot size
    0.30 Acres

    We can help!

    Listing Contact
    James Walters
    Source: Elliman

    Listing Agent: James Walters

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

    Learn more

    Overview

    Highway 87 Contiguous Lots

    This property features three contiguous lots situated on Highway 87, offering access from both the highway and Holiday Beach Drive. The site is suitable for commercial or residential development. It is level and ready for improvements. A water meter is already in place. Potential business uses include a firework stand, golf cart rental, or food truck.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Crystal Beach
    County
    Galveston
    State
    Texas
    Longitude
    -94.6622
    Latitude
    29.4387

    Nearby Similar for Sale

    • $850,000
      0.66 Acres

      Crystal Beach RV Park Opportunity

      Turnkey RV park with income potential in Crystal Beach.
      896 Crystal Bch Rd, Crystal Beach, TX 77650
      View Details
    • $235,000

      Waterfront RV Lot on Canal

      Canal-front RV lot with direct Intracoastal Waterway access.
      1105 Helen Dowdy, Crystal Beach, TX 77650
      View Details
    • $850,000

      Turnkey RV Park Opportunity

      Operational RV park with income potential in Crystal Beach.
      894 896 S Crystal Bch Rd, Crystal Beach, TX 77650
      View Details
    • $209,000

      Beachside RV Port with Amenities

      RV port property near Crystal Beach with convenient amenities.
      911 Rd East, Crystal Beach, TX 77650
      View Details
    • $277,775

      Waterfront RV Retreat in Crystal Beach

      Waterfront RV retreat with direct Intracoastal access in Crystal Beach.
      1256 Resort Rd, Crystal Beach, TX 77650
      View Details
    • $749,000

      Turn-Key Cafe with RV Port

      Successful cafe with RV port on Bolivar Peninsula.
      996 S Sage Rd, Crystal Beach, TX 77650
      View Details
    • $289,000

      Crystal Beach RV Ready Property

      Two RV lots with RVs, ready for beach life.
      1253 O'neil Rd, Crystal Beach, TX 77650
      View Details
    • $219,000

      Coastal Lot with RV Pads

      10,000 sq ft lot near beach with RV pads.
      884 O Neal Rd, Crystal Beach, TX 77650
      View Details
    • $165,000

      RV Port in Crystal Beach

      RV port with utilities and storage in Crystal Beach.
      1216 N Monkhouse, Crystal Beach, TX 77705
      View Details
    • $275,000

      Canal Front Property with Amenities

      Waterfront property featuring a boat slip, RV, and pontoon.
      1129 Prides Ln, Crystal Beach, TX 77650
      View Details
    • $170,000

      Beach Getaway with RV Port

      RV port with included RV near beach amenities.
      144 S Mae Cir, Crystal Beach, TX 77650
      View Details
    • $295,000

      RV Park with Canal Access

      RV park with eight slots, utilities, and canal access.
      1204 N Monkhouse Dr, Crystal Beach, TX 77650
      View Details

    FAQs

    What type of property is this?
    Land - Three contiguous lots on Highway 87, suitable for commercial/residential.
    Where is this land located?
    The property is located at 2596 Tx-87 Crystal Beach, 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: - 3 Contiguous Lots with Highway 87 Frontage; - Commercial or Residential Use Potential; - Entrances on Highway 87 and Holiday Beach Drive
    (409) 684-3345
    Request Owner's contact information
    2596 Tx-87 Crystal Beach, TX 77650
    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.
    2596 Tx-87
    Crystal Beach, TX 77650
    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
    2596 Tx-87 Crystal Beach, TX 77650
    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
    James Walters
    (409) 684-3345
    Learn more
    Google sign-in failed. Please try again or use another login method.