Add Listing
    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

    3815 Ohana Ln Galveston, TX 77554

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $249,900

    Waterfront lot in Galveston's luxury beachfront community.

    Lot size:
    0.15 Acres

    Property Features for 3815 Ohana Ln

    General Information

    Standard status
    Active
    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Michael Nassif
    Michael Nassif
    Source: Corcoran

    Listing Agency: NRE REALTY Listing Agent: Michael Nassif

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

    Learn more

    Overview

    Beachside Village Waterfront Lot

    This prime beachside lot is located in Galveston’s Beachside Village, a luxury beachfront community. The property offers expansive water views. Additional adjacent lots are available. The lot provides views of the Gulf of America.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Gym & Fitness Center Department Store Bar & Pub Hotel & Motel Travel Agency Discount Store Restaurant Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.9576
    Latitude
    29.2029

    Nearby Similar for Sale

    • $850,000
      3,840 SF

      Historic Farbs Liquor Store

      Galveston retail property with recent roof updates.
      4302 Broadway St, Galveston, TX 77550
      View Details
    • $948,000
      5,228 SF

      Galveston Commercial Building For Sale

      Commercial building with ample parking, located near Seawall Blvd.
      1810 23Rd St, Galveston, TX 77550
      View Details
    • $1,450,000
      18,192 SF

      Galveston Mixed-Use Home/Office Building

      Unique mixed-use property in downtown Galveston with residential and office space.
      2415 Church St, Galveston, TX 77550
      View Details
    • $885,000
      6,560 SF

      Galveston Commercial Property For Sale

      Commercial property featuring office and warehouse space on Broadway Street.
      3928 Broadway St, Galveston, TX 77550
      View Details
    • $365,000
      1,020 SF

      Galveston Multifamily Property Near Beach

      Multifamily property featuring a house and duplex near the beach.
      5224 Avenue M 1/2, Galveston, TX 77550
      View Details
    • $209,500
      782 SF

      Galveston Cottages Investment Opportunity

      Two cottages on one lot near Galveston's amenities.
      4413 Bernardo De Galvez Ave, Galveston, TX 77550
      View Details
    • $270,000
      2,448 SF

      Galveston Duplex Near Beach

      Revenue-producing duplex with easy access to amenities and the beach.
      1124 47Th St, Galveston, TX 77551
      View Details
    • $275,000
      1,688 SF

      Galveston Duplex Near Beach

      Revenue-producing duplex near the beach, shopping, and restaurants.
      2226 51St St, Galveston, TX 77551
      View Details
    • $650,000
      1,400 SF

      Versatile Office Building For Sale

      Office building in prime location with convenient port access.
      8017 Harborside Dr, Galveston, TX 77554
      View Details
    • $3,200,000
      20,640 SF

      Historic Mixed-Use Building, Galveston

      Elegant, three-story building with retail and residential units.
      2119 Strand St, Galveston, TX 77550
      View Details
    • $247,500
      1,089 SF

      Freestanding Retail Building on Highway

      Recently renovated, fully leased retail building with three self-contained suites.
      2209 Hwy, Galveston, TX
      View Details
    • Contact for pricing
      4,000 SF

      Galveston Office Building For Sale

      4,000 SF office building on 0.76 acres in Galveston.
      13450 Termini-San Luis Pass Rd, Galveston, TX
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot in Galveston's luxury beachfront community.
    Where is this waterfront land located?
    The property is located at 3815 Ohana Ln Galveston, TX.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Prime beachside lot in Galveston’s Beachside Village.; - Expansive water view lot.; - Breathtaking views of the Gulf of America.
    (281) 484-4900
    Request Owner's contact information
    3815 Ohana Ln Galveston, TX 77554
    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.
    3815 Ohana Ln
    Galveston, TX 77554
    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
    3815 Ohana Ln Galveston, TX 77554
    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
    Michael Nassif
    Michael Nassif
    Real Estate License ID: 0284451
    (281) 484-4900 (281) 300-7189 (713) 253-3862
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!