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    11918 Stewart Rd Galveston, TX 77554

    For Sale
    $475,000

    Prime Galveston acreage, residential & agricultural zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 3.67-acre tract, located at 11918 Stewart Road in Galveston, Texas (77554), presents a unique development opportunity. Zoned for both residential and agricultural use, this property offers 166 feet of frontage on Stewart Road, providing excellent accessibility. Situated approximately half a mile from the Gulf of Mexico, with the Galveston Bay less than two miles away, the location boasts stunning water views. The property is within an AE Flood Zone. Imagine building your own "ranchette," complete with space for horses, all while enjoying the tranquility of this picturesque setting. The property's proximity to the renowned Los Palmas ranch adds to its desirability. This offering includes APN 7206-0000-0235-002. The asking price is $475,000, translating to a land value of $129,146.28 per square foot. For investors seeking expansion, the seller is also offering additional acreage on Ostermeyer Road: 8.7 acres at 12023 Ostermeyer Lot 256 and 12.2 acres at 12010 Ostermeyer. A survey is available, and the use of a local title company is recommended for a smooth transaction. This is a rare opportunity to acquire a substantial parcel of land in a highly desirable location with significant potential.

    Property Features for 11918 Stewart Rd

    General Information

    Property type
    Farms
    Lot Size
    159,865 SF

    HighLights

    • 3.67‑acre tract in Galveston, TX (77554) at 11918 Stewart Road.
    • Zoned for residential and agricultural use, with 166 feet of road frontage.
    • Half‑mile from the Gulf of Mexico and less than two miles from Galveston Bay.
    • Located in an AE Flood Zone.
    • APN 7206‑0000‑0235‑002; Asking price: $475,000.
    • Additional acreage available on Ostermeyer Road: 8.7 acres at 12023 Ostermeyer Lot 256 and 12.2 acres at 12010 Ostermeyer. Survey available; local title company recommended.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Kitchen & Bath Hotel & Motel Accounting Firm 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
    -94.903694744574
    Latitude
    29.230839749832

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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 11918 Stewart Rd Galveston, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 3.67-acre tract in Galveston, TX (77554) at 11918 Stewart Road.; Zoned for residential and agricultural use, with 166 feet of road frontage.; Half-mile from the Gulf of Mexico and less than two miles from Galveston Bay.
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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
    11918 Stewart Rd Galveston, TX 77554
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