Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land with Deep Water Title is generated by Realmo AI

    608 Appia Drive, Kemah, TX 77565

    View on Map
    Claim this Listing
    For Sale
    $299,000

    Waterfront land with deep water access to Clear Lake.

    Type:Land or Vacant Lot
    Lot size:
    0.21 Acres
    Added:
    Sep 18, 2025
    Days on Market:
    263
    Last Refresh:
    May 11 at 12:24 am

    Property Features for 608 Appia Drive

    General Information

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

    We can help!

    Listing Contact
    MY NGUYEN

    Listing agent MY NGUYEN

    Listing office BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE - BAY AREA

    Listing date Sep 18, 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 BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE - BAY AREA

    HighLights

    • Deep water access to Clear Lake and Galveston Bay.
    • Waterfront property with approximately 70' of frontage.
    • Opportunity to build a custom waterfront dream home.
    • Desirable location in Cypress Bay neighborhood.
    • Magnificent views.
    • Potential for a vacation home.

    Overview

    This waterfront land offers deep water access to Clear Lake and Galveston Bay. Located in the Cypress Bay neighborhood, the property provides approximately 70 feet of waterfront views. This property is suitable for building a waterfront dream home or vacation home.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kemah
    County
    Galveston
    State
    Texas
    Longitude
    -95.0345
    Latitude
    29.5352

    Nearby Similar for Sale

    • $939,000

      Commercial Land on Columbia Parkway

      Commercial land with frontage on Columbia Memorial Parkway.
      531 Columbia Memorial Pkwy, Kemah, TX
      View Details
    • $3,770,118

      Kemah Vacant Land For Sale

      5.77 acres of vacant land in Kemah, Texas.
      2830 Anders Ln, Kemah, TX 77565
      View Details
    • Contact for pricing
      4,704 SF

      Kemah Specialty Property Available

      Specialty property in Kemah, Texas with 4704 square feet.
      1127 Marina Bay Drive, Kemah, TX 77565
      View Details
    • $6,421,000
      25,236 SF

      Retail Space For Sale

      Retail space with long operating history in affluent area.
      1401 Marina Bay Dr, Kemah, TX 77565
      View Details
    • $3,988,354

      Kemah Vacant Land For Sale

      7.63 acres of vacant land with high visibility.
      0 Hwy 96 E, Kemah, TX 77565
      View Details
    • $1,500,000
      6,000 SF

      Kemah Warehouse with Truck Access

      6,000 SF warehouse featuring truck access and 3-phase power.
      840 Lawrence Road, Kemah, TX
      View Details
    • $2,254,249

      Cleared Lot Ready For Construction

      Cleared commercial land lot with good access ready for construction.
      312 Fm 518 Road, Kemah, TX 77565
      View Details
    • $400,000

      Waterfront Lot with Boat House

      Waterfront lot with boat house near Kemah Boardwalk.
      2130 Cove Park Dr, Kemah, TX 77565
      View Details
    • $149,999

      Residential Lot Near Clear Lake

      Residential lot in Glen Cove, near waterfront park and boat ramp.
      1825 Cove Park Drive, League City, TX 77565
      View Details
    • $265,000

      Cleared Land Ready For Development

      Open, cleared land suitable for storage unit development.
      00 Delesandri, Kemah, TX 77565
      View Details
    • $3,770,118

      Undeveloped Land For Sale

      Undeveloped land suitable for retail, medical office, or mixed-use development.
      2830 Anders Ln, Kemah, TX 77565
      View Details
    • Contact for pricing

      Land with Development Potential

      Land suitable for retail, medical, or residential development.
      FM 518 & Hanson Road, Clear Lake Shores EJT, TX 77565
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land with deep water access to Clear Lake.
    Where is this waterfront land located?
    The property is located at 608 Appia Drive Kemah, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Deep water access to Clear Lake and Galveston Bay.; Waterfront property with approximately 70' of frontage.; Opportunity to build a custom waterfront dream home.
    (281) 486-1900
    We can help!
    Listing Contact
    MY NGUYEN
    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
    608 Appia Drive, Kemah, TX 77565
    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!