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    11023 Ostermeyer Rd Galveston, TX 77554

    For Sale
    $399,000

    Prime Galveston acreage, residential & agricultural zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 8.735-acre tract, located at 11023 Ostermeyer Road in Galveston, Texas (77554), presents a unique development opportunity. Zoned for both residential and agricultural use, this unimproved land offers 330 feet of frontage directly on Ostermeyer Road. Its strategic location provides convenient access to both the Gulf of Mexico (less than ¾ mile away) and Galveston Bay (under 1.5 miles). The property is situated in an AE Flood Zone. Imagine building your dream "ranchette" with potential water views, perfect for equestrian enthusiasts or those seeking a tranquil country setting. The property's proximity to the renowned Los Palmas ranch (approximately 750 feet) adds to its appeal. The asking price is $399,000, translating to approximately $45,678.31 per acre. The seller is open to offers and also willing to consider selling adjacent properties: a 12.2-acre parcel at 12101 Ostermeyer Road and a 3.6-acre lot at 11918 Stewart Road. A survey is available for review, and buyers are encouraged to verify details with their chosen title company. The property's APN is 7206-0000-0256-001. This is an investment opportunity not to be missed.

    Property Features for 11023 Ostermeyer Rd

    General Information

    Property type
    Farms
    Lot Size
    380,497 SF

    HighLights

    • Motivated seller offering adjacent 12.2‑acre parcel at 12101 Ostermeyer.
    • All offers considered.
    • Survey available upon request; buyer to verify with local title company.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hotel & Motel Kitchen & Bath Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.908175753105
    Latitude
    29.235632172891

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    FAQs

    What type of property is this?
    Farm - Prime Galveston acreage, residential & agricultural zoning.
    Where is this farm located?
    The property is located at 11023 Ostermeyer Rd Galveston, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Motivated seller offering adjacent 12.2-acre parcel at 12101 Ostermeyer.; All offers considered.; Survey available upon request; buyer to verify with local title company.
    Request Owner's contact information
    11023 Ostermeyer Rd Galveston, TX 77554
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    Galveston, TX 77554
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    Realmo Value Estimation

    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.

    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.

    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
    11023 Ostermeyer Rd Galveston, TX 77554
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