Sign Up Successful!
You now have access to more from Realmo!
    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

    18511 Egret Bay Blvd, Unit 502 Webster, TX 77058

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $113,000

    2-bed, 2-bath condo with waterfront pools and boat launch.

    Lot size:
    3.04 Acres

    Property Features for 18511 Egret Bay Blvd

    General Information

    Lot size
    3.04 Acres

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Toyia Chenevert
    Toyia Chenevert
    Source: Elliman

    Listing Agent: Toyia Chenevert

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

    Learn more

    Overview

    Waterfront Condo in Egret Bay

    This 2-bedroom, 2-bath condo is located in Egret Bay Condominiums, situated between Cow Bayou and the NASA/Clear Lake area. The property features an open kitchen with a breakfast bar that flows into the living area, which includes a fireplace. Additional ground-level storage is available, along with two reserved carport spaces next to the storage closet. The community is pet-friendly and includes multiple pet stations. Amenities include waterfront pools, a private boat launch, and docks along the bayou. Residents can fish from the dock or enjoy boating. The condo is zoned to Clear Creek Independent School District (CCISD).
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Harris
    State
    Texas
    Longitude
    -95.1003562
    Latitude
    29.5408184

    Nearby Similar for Sale

    • $3,000,000
      0.85 Acres

      Full Service Car Wash Business

      Full-service car wash with detailing and membership options in Webster, TX.
      810 E Nasa Pkwy, Webster, TX 77598
      View Details
    • $1,195,000
      3,250 SF

      Medical Office Condo For Sale

      3,250 SF medical office condo in Clear Lake District.
      360 E Medical Center Blvd, Webster, TX 77598
      View Details
    • $114,900

      Waterfront Condo with Community Amenities

      Well-maintained condo in Clear Lake with pools and boat launch.
      18515 Egret Bay Blvd, Webster, TX 77058
      View Details
    • $125,000

      Corner Unit Condo For Sale

      Stunning 2-bedroom, 2-bathroom condo with modern amenities and recent updates.
      250 El Dorado Blvd, Webster, TX 77598
      View Details
    • $123,000

      Gated Community 2-Bedroom Unit

      Well-maintained 2-bedroom unit in a desirable gated community.
      18617 Egret Bay Blvd, Webster, TX 77058
      View Details
    • $199,000

      Waterfront Condo Near Kemah Boardwalk

      2-bedroom condo with waterfront views and resort-style amenities.
      18809 Egret Bay Blvd, Webster, TX 77058
      View Details
    • $734,720
      2,240 SF

      Clear Lake City Office Building

      2,240 SF office building in Clear Lake City.
      17210 Mercury Dr, Webster, TX
      View Details
    • $84,000

      Comfortable Condo with Renovation Potential

      Two-bedroom, two-bath condo with updates and community pool.
      250 El Dorado 296, Webster, TX 77598
      View Details
    • $5,500,000
      12,232 SF

      Webster Retail Property For Sale

      Retail property available for purchase in Webster, Texas.
      155 Bay Area Blvd, Webster, TX 77598
      View Details
    • $2,987,464
      8,564 SF

      Webster Office Building For Sale

      8,564 SF office building in Webster, Texas.
      17300 Mercury Dr, Webster, TX
      View Details
    • $2,089,999
      6,047 SF

      Mt. Washington Retail/Office PAD

      Prime Mt. Washington location, 23,000 sq ft.
      17886 State Hwy 3, Webster, TX 77598
      View Details
    • Contact for pricing
      10.37 Acres

      Webster, TX Multifamily Investment

      90-Unit Townhome Community, High ROI
      15240 Galveston Rd, Webster, TX 77598
      View Details

    FAQs

    What type of property is this?
    Apartment building - 2-bed, 2-bath condo with waterfront pools and boat launch.
    Where is this apartment building located?
    The property is located at 18511 Egret Bay Blvd, Unit 502 Webster, TX.
    What is the asking price?
    The asking price for this property is $113,000.
    What are key features of this property?
    This property features: - Waterfront community with private boat launch and docks; - Two reserved carport spaces and ground-level storage provided; - Pet-friendly community with multiple pet stations for your convenience
    (281) 995-5461
    Request Owner's contact information
    18511 Egret Bay Blvd, Unit 502 Webster, TX 77058
    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.
    18511 Egret Bay Blvd, Unit 502
    Webster, TX 77058
    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
    18511 Egret Bay Blvd, Unit 502 Webster, TX 77058
    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
    Toyia Chenevert
    Toyia Chenevert
    Real Estate License ID: 599631
    (281) 995-5461
    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.