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    1218 Fm 517 San Leon, TX 77539

    For Sale
    $650,000
    Property size:
    1,100 SF
    Added:
    Dec 11, 2024
    Days on Market:
    362

    Property Features for 1218 Fm 517

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,100 SF
    Lot Size
    32,670 SF

    Building Details

    Stories
    1

    HighLights

    • Appraised Value: $691,110 (2023).
    • Profitable business included; FF&E and inventory conveyed.
    • Three‑sided access: FM 517, 12th St, and 13th St.
    • 0.75‑acre lot; 1200 sq ft building.
    • All utilities available.
    • Excellent walkability to residential areas and RV parks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Mejor Grocery Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    San Leon
    County
    Galveston
    State
    Texas
    Longitude
    -94.9263389
    Latitude
    29.484263

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    FAQs

    Where is this individual retail property located?
    The property is located at 1218 Fm 517 San Leon, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Appraised Value: $691,110 (2023).; Profitable business included; FF&E and inventory conveyed.; Three-sided access: FM 517, 12th St, and 13th St.
    Request Owner's contact information
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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
    1218 Fm 517 San Leon, TX 77539
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