Add Listing
    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

    4828 Avenue Q 1/2 Galveston, TX 77551

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $355,000

    Two units in Galveston, Texas, with investment potential.

    Lot size:
    0.14 Acres

    Property Features for 4828 Avenue Q 1/2

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.14 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    David Bridgwater
    Source: Elliman

    Listing Agent: David Bridgwater

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

    Learn more

    Overview

    Galveston Duplex: Investor Opportunity

    This property presents an investor opportunity with two units. The unit at 4828 Avenue Q 1/2 is approximately 884 square feet and features two bedrooms and one bathroom. The unit at 2114 49th Street is approximately 856 square feet and includes one bedroom and one bathroom. The two units share a small garage. The unit at 2114 49th Street is currently vacant, while the unit at 4828 Avenue Q 1/2 is occupied.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.8180786
    Latitude
    29.2820308

    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
    • $995,000

      Turnkey Food Truck Facility

      Newly built food truck facility in Galveston, TX for sale.
      2912 Avenue R 1/2, Galveston, TX 77550
      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
    • $2,500,000
      7,103 SF

      Galveston Commercial Property for Sale

      Two-acre commercial property in Galveston's Midtown with endless possibilities.
      5717 Stewart Rd, Galveston, TX 77551
      View Details
    • $650,000

      Galveston Income-Producing Quadplex Near UTMB

      Fully rehabbed 4-unit property near UTMB and the beach.
      609 Sealy St, Galveston, TX 77550
      View Details
    • $625,000

      Galveston Multifamily Investment Opportunity

      Five-unit multifamily property in Galveston's historic East End.
      711 7Th St, 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
    • $395,000

      Galveston Duplex Near Beach

      Income-producing duplex near the beach and Pleasure Pier.
      3309 Bernardo De Galvez Ave, Galveston, TX 77550
      View Details

    FAQs

    What type of property is this?
    Duplex - Two units in Galveston, Texas, with investment potential.
    Where is this duplex located?
    The property is located at 4828 Avenue Q 1/2 Galveston, TX.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: - Investor Opportunity: Dual-unit property offers immediate income potential.; - Two Separate Units: Includes 4828 Ave Q 1/2 (2 bed, 1 bath, approx. 884 sf) and 2114 49th St (1 bed, 1 bath, approx. 856 sf).; - Vacant Unit: 2114 49th St is vacant and ready for immediate occupancy or rental.
    (409) 765-9837
    Request Owner's contact information
    4828 Avenue Q 1/2 Galveston, TX 77551
    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.
    4828 Avenue Q 1/2
    Galveston, TX 77551
    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
    4828 Avenue Q 1/2 Galveston, TX 77551
    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
    David Bridgwater
    (409) 765-9837
    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!