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

    4203 Scenic Drive Dickinson, TX 77539

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $74,900

    Land with Dickinson Bayou views and a boat dock.

    Type:Land or Vacant Lot
    Lot size:
    0.50 Acres
    Added:
    Oct 27, 2024
    Days on Market:
    542
    Last Refresh:
    Apr 5 at 11:01 pm

    Property Features for 4203 Scenic Drive

    General Information

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

    We can help!

    Listing Contact
    OLINDA MONTOYA

    Listing agent OLINDA MONTOYA

    Listing office RE/MAX GO

    Listing date Oct 27, 2024

    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 GO

    Overview

    Waterfront Land with Boat Dock

    This land is located in Tropical Gardens and features views of Dickinson Bayou. A boat dock is present, offering opportunities for water activities. The property is situated in Dickinson, providing convenient access to amenities and major highways. Utilities are ready for connection. Surveys are available. The location allows for easy access to Galveston, Kemah, and Texas City. The property is zoned to Dickinson ISD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Accounting Firm Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dickinson
    County
    Galveston
    State
    Texas
    Longitude
    -95.0177
    Latitude
    29.466

    Nearby Similar for Sale

    • $625,000
      6,700 SF

      Flex Space with Storage Yard

      Flex space featuring office, warehouse, and storage, plus yard.
      5252 FM 517 Road East, Dickinson, TX 77539
      View Details
    • $575,000
      1,140 SF

      Coastal Tract with Bay Views

      1.905-acre coastal tract with unobstructed Galveston Bay views.
      230 22nd Street, Dickinson, TX 77539
      View Details
    • $385,000

      Bayshore Drive Commercial Land

      Under one acre commercial land with high-traffic frontage.
      2222 East Bayshore Drive, Dickinson, TX 77539
      View Details
    • $800,000

      Dickinson Land on FM 517

      2.637-acre tract on FM 517 in Dickinson, TX.
      417 FM 517 Rd E, Dickinson, TX
      View Details
    • $550,000

      Prime Corner Land For Sale

      Almost 10-acre tract with potential for commercial use.
      000 FM517, Dickinson, TX 77539
      View Details
    • $350,000
      42,950 SF

      Dickinson Commercial Lot For Sale

      Mixed-use commercial lot in a rapidly developing corridor.
      501 E FM 517 Road, Dickinson, TX
      View Details
    • $1,900,000

      Dickinson Bayou Mixed-Use Development Site

      23.44-acre mixed-use site with bayou frontage in Dickinson, Texas.
      4300 Whispering Dr, Dickinson, TX 77539
      View Details
    • $62,000

      Dickinson Land for Redevelopment

      Land in Dickinson, TX, suitable for redevelopment.
      0 Avenue H, Dickinson, TX 77539
      View Details
    • $554,999
      2,202 SF

      Bayou-Front Hospitality Asset For Sale

      Waterfront home with short-term rental income and expansion potential.
      303 Old Bayou Drive, Dickinson, Texas, 77539, Dickinson, TX 77539
      View Details
    • $496,000

      Land Near I-45 Available

      Land offers country tranquility with city convenience near I-45.
      12118 2nd Street, Dickinson, TX 77539
      View Details
    • $250,000

      Dickinson, Texas Vacant Corner Lot

      0.8232-acre corner lot suitable for commercial or residential development.
      2905 FM 646 E, Dickinson, TX 77539
      View Details
    • $200,000

      Prime Land in Thriving Corridor

      1.7 acres in high-growth area between Houston and Galveston.
      3205 SPRUCE DR, Dickinson, TX 77539
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Land with Dickinson Bayou views and a boat dock.
    Where is this waterfront land located?
    The property is located at 4203 Scenic Drive Dickinson, TX.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Waterfront property with views of Dickinson Bayou and a **private boat dock**.; Utilities are ready for connection, simplifying the building process.; Convenient access to Galveston, Kemah, and Texas City.
    (281) 886-7777
    We can help!
    Listing Contact
    OLINDA MONTOYA
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!