Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    FM 518 Kemah, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.98 AC land with easy access to major highways.

    Type:LAND
    Lot size:
    1.98 Acres
    Added:
    Jul 8, 2021
    Days on Market:
    1753
    Last Refresh:
    Apr 5 at 8:36 pm

    Property Features for FM 518

    General Information

    Standard status
    Active
    Lot size
    1.98 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Mason Alsbrooks, CCIM
    Mason Alsbrooks, CCIM

    Listing agent Mason Alsbrooks, CCIM License #697478

    Listing office Lee & Associates

    Listing date Jul 8, 2021

    Source Moodyscre

    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 Lee & Associates

    Overview

    Prime Land Near Kemah Boardwalk

    This property features approximately 1.98 acres, equivalent to approximately 85,492 square feet, and can be divided into approximately 0.95-acre parcels. It offers convenient access to Highway 146 and I-45, situated just 2 minutes from Highway 146, 5 minutes from the Kemah Boardwalk, 15 minutes from I-45, and 15 minutes from NASA. The site includes on-site detention and has 432 feet of frontage along FM 518. Water and sewer utilities are available through the City of Kemah.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kemah
    County
    Galveston
    State
    Texas
    Longitude
    -95.0198
    Latitude
    29.5376

    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
    • $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
    • $299,000

      Waterfront Land with Deep Water

      Waterfront land with deep water access to Clear Lake.
      608 Appia 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
    • $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
    • $265,000

      Cleared Land Ready For Development

      Open, cleared land suitable for storage unit development.
      00 Delesandri, 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
    • $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
    • $284,900

      Kemah Land Investment Opportunity

      Expansive lot in Kemah, TX, ideal for development.
      2731 Lawrence Road, Kemah, TX 77565
      View Details
    • $3,386,071
      520,934 SF

      11.959 Acres Former Golf Academy

      11.959 acres of commercial land with all utilities present.
      1425 Marina Bay Dr, Kemah, TX 77565
      View Details

    FAQs

    What type of property is this?
    Land - 1.98 AC land with easy access to major highways.
    Where is this land located?
    The property is located at FM 518 Kemah, TX.
    What are key features of this property?
    This property features: Excellent Location: Just 2 minutes from Highway 146 and 5 minutes from Kemah Boardwalk.; Large Land Size: Boasting ±1.98 AC (±85,492 SF) for ample development space.; Divisible Land: Offers flexibility with the option to divide into ±0.95 AC.
    (713) 744-7417 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mason Alsbrooks, CCIM
    Mason Alsbrooks, CCIM
    Real Estate License ID: 697478
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!