Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Galveston and Houston Title is generated by Realmo AI

    0000 Blimp Base, Hitchcock, TX 77563

    View on Map
    Claim this Listing
    For Sale
    $3,999,000

    Land suitable for industrial or residential projects near major highways.

    Type:Land or Vacant Lot
    Lot size:
    78.60 Acres
    Added:
    Jul 5, 2022
    Days on Market:
    1432
    Last Refresh:
    May 10 at 10:33 pm

    Property Features for 0000 Blimp Base

    General Information

    Standard status
    Active
    Lot size
    78.60 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MEGAN RATLIFF
    MEGAN RATLIFF

    Listing agent MEGAN RATLIFF License #0705659

    Listing office RE/MAX CROSSROADS REALTY

    Listing date Jul 5, 2022

    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 RE/MAX CROSSROADS REALTY

    HighLights

    • Centrally located between Galveston and Houston
    • Easy access to FM 2004, Highway 6, and I‑45
    • Suitable for industrial or residential projects
    • Industrial frontage on Blimp Base Rd
    • Additional access from Center Street
    • 20 minutes from Galveston

    Overview

    This property presents a significant opportunity for industrial or residential development. Situated approximately 20 minutes from Galveston and 40 minutes from Houston, the location offers convenient access to both cities. The property benefits from its central position directly off Farm to Market Road 2004, a highly traveled route, and provides easy access to Highway 6 and Interstate 45. It features industrial frontage on Blimp Base Road and additional access from Center Street, expanding its development potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hitchcock
    County
    Galveston
    State
    Texas
    Longitude
    -95.0466
    Latitude
    29.3472

    Nearby Similar for Sale

    • $125,000

      Cleared Acreage in Hitchcock

      2.139-acre cleared lot for building or investment in Hitchcock, TX.
      8011 Custer St, Hitchcock, TX 77563
      View Details
    • $165,000

      Commercial Property in Hitchcock, Texas

      Two combined lots totaling 1/2 acre in Hitchcock.
      9122 Highway 6, Hitchcock, TX 77563
      View Details
    • $120,000

      Waterfront Lot with Canal Frontage

      Double lot with boat launch and canal access.
      7022 E Hunter Drive, Hitchcock, TX 77563
      View Details
    • $489,900
      1,600 SF

      Barndominium on Agricultural Land

      Barndominium on 4.67 acres with agricultural potential.
      9100 Delesandri Drive, Hitchcock, TX 77563
      View Details
    • $120,000

      Canal-Front Lot with Bay Access

      Waterfront lot with direct access to West Bay.
      22 HAWKEYE, Hitchcock, TX 77563
      View Details
    • $99,000

      Waterfront Lot with Bay Views

      Corner lot with southeast exposure and direct waterway access.
      2 Ramrod, Hitchcock, TX 77563
      View Details
    • Contact for pricing

      Commercial Land Near I-45

      Commercial land with easy access to I-45 and Hwy 6.
      6006 MAIN ST, Hitchcock, TX 77563
      View Details
    • $375,000

      4-Acre Partially Cleared Land

      4-acre partially cleared land near canal and Hitchcock High School.
      7326 Custer Street, Hitchcock, TX 77563
      View Details
    • $180,000

      Waterfront Land with Bay Views

      Waterfront homesite with community amenities and recreational activities.
      6 Half Moon, Hitchcock, TX 77563
      View Details
    • $73,999

      Land For Sale

      Land available for sale.
      7550 Hacker Road, Hitchcock, TX 77563
      View Details
    • Contact for pricing

      Industrial Land Parcel in Hitchcock

      Approximately 8-acre industrial land parcel for sale in Hitchcock, TX.
      4820 FM 2004, Hitchcock, TX 77563
      View Details
    • $150,000

      Waterfront Land for Custom Home

      Waterfront land ready for a custom home in Galveston County.
      000000 Harbor Drive, Hitchcock, TX 77554
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for industrial or residential projects near major highways.
    Where is this commercial land located?
    The property is located at 0000 Blimp Base Hitchcock, TX.
    What is the asking price?
    The asking price for this property is $3,999,000.
    What are key features of this property?
    This property features: Centrally located between Galveston and Houston; Easy access to FM 2004, Highway 6, and I‑45; Suitable for industrial or residential projects
    (409) 927-1764
    We can help!
    Listing Contact
    MEGAN RATLIFF
    MEGAN RATLIFF
    Real Estate License ID: 0705659
    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 Blimp Base, Hitchcock, TX 77563
    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!