Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    1406 Coryell Street League City, TX 77573

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $344,900

    2.5+ acre land parcel ready for development.

    Type:Land or Vacant Lot
    Lot size:
    2.56 Acres
    Added:
    May 27, 2025
    Days on Market:
    346
    Last Refresh:
    Apr 5 at 8:42 pm

    Property Features for 1406 Coryell Street

    General Information

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

    We can help!

    Listing Contact
    CYRIL OKEKE

    Listing agent CYRIL OKEKE License #0634624

    Listing office GREER REAL ESTATE SOLUTION, LLC

    Listing date May 27, 2025

    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 GREER REAL ESTATE SOLUTION, LLC

    HighLights

    • More than 2.5 Acres ready for development
    • Utilities are available
    • Opportunity to build a mansion
    • Located in the heart of League City
    • Potential is limitless
    • Suitable for development

    Overview

    League City Land Opportunity

    This is an opportunity to own and develop land in League City. The property consists of more than 2.5 acres ready for development. Utilities are available. The potential for development is described as limitless. Consult the city for more information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    League City
    County
    Galveston
    State
    Texas
    Longitude
    -95.0858
    Latitude
    29.52

    Nearby Similar for Sale

    • $2,913,000
      7,980 SF

      League City Retail Center

      7,980 SF shopping center with diverse tenants.
      2750 W Main St, League City, TX 77573
      View Details
    • $595,568

      Commercial Pad Site For Sale

      0.85 acre commercial pad site in League City, Texas.
      140 North Egret Bay Boulevard, League City, TX 77573
      View Details
    • $4,990,000
      29,244 SF

      League City Industrial Facility For Sale

      Industrial facility in a growing area between Houston and Galveston.
      2705 Dickinson Avenue, League City, TX, 77573
      View Details
    • $725,000
      1,396 SF

      Retail Property in League City

      Retail storefront property with 1396 square feet in League City.
      310 Ellen Avenue, League City, TX 77573
      View Details
    • $315,000

      League City Commercial/Industrial Land

      0.88-acre League City tract ready for development.
      414 Washington St, League City, TX 77573
      View Details
    • $2,600,000
      2,400 SF

      League City Commercial Opportunity

      Multiple properties for sale on high-traffic West Main Street.
      624 West Main Street, League City, TX 77573
      View Details
    • $2,600,000

      League City Commercial Opportunity

      Prime commercial properties for sale in high-growth League City.
      610-620 W Main Street, League City, TX
      View Details
    • $330,000

      League City Land For Sale

      1.79 acre residential/light industrial commercial property in League City.
      2010 Carolina Avenue, League City, TX 77573
      View Details
    • $410,000

      League City Land For Sale

      Cleared and leveled land with utilities available near Highway 3.
      105 E Walker Street, League City, TX
      View Details
    • $515,000

      Highway Frontage Land For Sale

      1.97 acre commercial land with highway frontage.
      628 Highway 3 S, League City, TX 77573
      View Details
    • $110,000

      Cleared Double Lot Opportunity

      Cleared double lot with excellent frontage and accessibility.
      1902 Arizona Avenue, League City, TX 77573
      View Details
    • $499,999

      Commercial Land on Brookport Drive

      Improved commercial lot with high traffic flow and utilities.
      1825 Brookport Drive, League City, TX 77573
      View Details

    FAQs

    What type of property is this?
    Land - 2.5+ acre land parcel ready for development.
    Where is this land located?
    The property is located at 1406 Coryell Street League City, TX.
    What is the asking price?
    The asking price for this property is $344,900.
    What are key features of this property?
    This property features: More than 2.5 Acres ready for development; Utilities are available; Opportunity to build a mansion
    (409) 256-0526
    We can help!
    Listing Contact
    CYRIL OKEKE
    Real Estate License ID: 0634624
    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
    1406 Coryell Street, League City, TX 77573
    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!