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    12101 Ostermeyer Rd Galveston, TX 77554

    For Sale
    $499,000

    Prime Galveston acreage, residential & agricultural zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 12.28-acre property, encompassing lots 269 (7.24 acres), 276 (4.04 acres), and 270 (1 acre), presents a unique investment opportunity in Galveston, Texas. Situated on Ostermeyer Road, the land boasts 198 feet of road frontage, offering excellent accessibility. Its strategic location places it within ¾ of a mile from the Gulf of Mexico and less than 1.5 miles from Galveston Bay, providing breathtaking water views. The property is zoned for both residential and agricultural use, opening up a range of development possibilities. Imagine building your dream "ranchette," complete with space for horses, all while enjoying the proximity to the renowned Los Palmas ranch, just 750 feet away. The property is located in an AE Flood Zone. This is a rare chance to acquire a substantial parcel of land in a highly desirable location. The seller is open to selling additional adjacent lots: 8.7 acres at 12023 Ostermeyer Road (Lot 256) and 3.6 acres at 11918 Stewart Road (Lot 235). A survey is available for review, and interested parties are encouraged to verify details with a local title company. The asking price for this remarkable property is $499,000, translating to approximately $40,635.18 per acre. The property's APN is 7206-0000-0269-002.

    Property Features for 12101 Ostermeyer Rd

    General Information

    Property type
    Farms
    Lot Size
    534,917 SF

    HighLights

    • 12.28‑acre Galveston property encompassing three lots (269, 276, 270) with 198 feet of road frontage on Ostermeyer Road.
    • Located less than a mile from the Gulf of Mexico and under 1.5 miles from Galveston Bay.
    • Zoned for residential and agricultural use, situated in an AE Flood Zone.
    • Asking price: $499,000 ($40,635.18 per acre). APN: 7206‑0000‑0269‑002.
    • Seller may sell adjacent 8.7‑acre and 3.6‑acre lots separately; survey available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hotel & Motel Kitchen & Bath Accounting Firm Storage Facility Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.909454908152
    Latitude
    29.235109212623

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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 12101 Ostermeyer Rd Galveston, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 12.28-acre Galveston property encompassing three lots (269, 276, 270) with 198 feet of road frontage on Ostermeyer Road.; Located less than a mile from the Gulf of Mexico and under 1.5 miles from Galveston Bay.; Zoned for residential and agricultural use, situated in an AE Flood Zone.
    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
    12101 Ostermeyer Rd Galveston, TX 77554
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