Creative Space with Chapel
For Sale
$1,100,000
4720 Avenue O 1/2, Galveston, TX 77551
Two adaptable structures surround a central courtyard with workshop and studio-style interiors.
Property Size7,664 SF
Price / SF$143.53
Days on Market261
Property Features for 4720 Avenue O 1/2
General Information
Standard status
Active
Size
7,664 SF
Property subtype
Income
Taxes and HOA fees
Annual Taxes
$5,262
Amenities
Concrete
Yes
Appraiser
Corner Lot
12001
7664
Building Details
Building Size
7,664 SF
Year Built
1970
Buildings
2
Stories
2
Listing Agency:
Sand N Sea Properties, LLC
(409) 737-5200
Listed By:
Olena Leija · License #0726584
(409) 256-3724
Source:
Garygreene
Added: Jan 27
Changed: Oct 10
Last Checked: Oct 12 at 6:26PM
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 Sand N Sea Properties, LLC
Investment Insights
Based on property information with market context.
This creative-space property includes a former chapel and a separate workshop building totaling approximately 7,664 SF. The primary structure dates to 1970 and features vaulted wood ceilings, exposed beams, stained-glass clerestory windows, and a prominent stained-glass entry installation. Its open studio arrangement incorporates living areas, a glass-enclosed workspace, kitchen, bathroom, mezzanine space, and additional flexible zones.
The secondary building provides a spacious first-floor workshop, upper-level areas prepared for future build-out, and a connection to the main structure through a central courtyard. The property is situated on a private, landscaped site in central Galveston. Architectural materials identify Tibor Beerman as the designer; his work also includes the Galveston County Courthouse. Historical documents and blueprints are included.
The secondary building provides a spacious first-floor workshop, upper-level areas prepared for future build-out, and a connection to the main structure through a central courtyard. The property is situated on a private, landscaped site in central Galveston. Architectural materials identify Tibor Beerman as the designer; his work also includes the Galveston County Courthouse. Historical documents and blueprints are included.
Key Highlights
- Approximately 7,664 SF across 2 structures
- 1970 primary structure with vaulted wood ceilings and exposed beams
- Preserved stained‑glass clerestory windows and entry installation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,112
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,240
$2.0M
Cap Rate 7%
$1,401,600
$1.4M
Cap Rate 9%
$1,090,133
$1.1M
Market Conditions
NOI Build-Up for 7,664 SF
Gross rent
$177.5K $23.16/SF
− Vacancy
−$46.7K −$6.09/SF
EGI
$130.8K $17.07/SF
− OpEx
−$32.7K −$4.27/SF
NOI
$98.1K $12.80/SF
Area
Galveston County, TX
Vacancy
26.30%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,240
Cap Rate 7%
$1,401,600
Cap Rate 9%
$1,090,133
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,112 @ 7.0% cap · market cap 8.92%
Second Best
Mixed Use
$1.08M
$948.4K – $1.26M
NOI $75,874 @ 7.0% cap · market cap 6.90%
Theoretical Best
Multifamily LT 5
$85.92M
$75.18M – $100.25M
NOI $6,014,735 @ 7.0% cap · market cap 546.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 77551, TX
22,677
Population
11,184
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
86%
High-School Grad
4.0 sq mi
ZIP Area
5,669
Density / Sq Mi
$59,792
Median Household Income
$33,721
Median Earnings
$1,342
Median Rent
$278,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Creative space - Two adaptable structures surround a central courtyard with workshop and studio-style interiors.
Where is this creative space located?
The property is located at 4720 Avenue O 1/2 Galveston, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 7,664 SF across 2 structures; 1970 primary structure with vaulted wood ceilings and exposed beams; Preserved stained‑glass clerestory windows and entry installation
