Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    416 State Hwy La Marque, TX 77568
    Back to Search
    Property profile & analytics

    416 State Hwy La Marque, TX 77568

    View on Map
    • Land
    • 2.66 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 416 State Hwy

    Lot size
    2.66 lot acres
    Property type
    Land

    Description

    This exceptional 2.66-acre commercial land parcel presents a unique investment opportunity in Galveston County. Strategically located on Highway 3, this property boasts significant frontage, ensuring high visibility and accessibility for any business. The site is zoned C-2 restricted commercial, offering a range of potential uses. Previously occupied by Simp's Soul Food, the land is ready for development, with existing utilities already in place. The property's size and location make it ideal for a variety of commercial ventures, from retail establishments to restaurants. This is a rare chance to acquire a well-situated commercial lot in a thriving area. The seller is offering attractive financing options, making this an even more compelling proposition for prospective buyers or lessees. The property's history as a successful restaurant location suggests strong potential for future success. Serious inquiries are encouraged to explore this exceptional opportunity to establish a thriving business in a high-traffic location. Don't miss out on this chance to own a piece of Galveston County's commercial landscape. Contact us today to learn more about this prime commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Marque
    County
    Galveston
    State
    Texas
    Longitude
    -94.9681
    Latitude
    29.3757

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      4101 Kirby Dr

      Land • 3.00 Acres
      4101 Kirby Dr, La Marque, TX 77568
      View Details
    • Value Estimation by Request
      8.50 Acres

      2602 Maxwell St

      Land • 8.50 Acres
      2602 Maxwell St, La Marque, TX 77568
      View Details
    • Value Estimation by Request
      2.50 Acres

      I-45 And Kirby Dr

      Land • 2.50 Acres
      I-45 And Kirby Dr, La Marque, TX 77568
      View Details
    • Value Estimation by Request
      67.16 Acres

      5766 Gulf Fwy

      Land • 67.16 Acres
      5766 Gulf Fwy, La Marque, TX 77568
      View Details
    • Value Estimation by Request
      0.92 Acres

      11001 Delany Rd

      Land • 0.92 Acres
      11001 Delany Rd, La Marque, TX 77568
      View Details
    • Value Estimation by Request
      2.66 Acres

      416 State Hwy

      Land • 2.66 Acres
      416 State Hwy, La Marque, TX 77568
      View Details

    Similar Nearby for Sale

    • $59,900

      Stabilized Lot Ready For Sale

      Stabilized lot available for sale.
      00 Holman St, La Marque, TX 77568
      View Details
    • $599,000

      Land For Sale

      Land available for sale in La Marque, Texas.
      2602 Maxwell St, La Marque, TX 77568
      View Details
    • Contact for pricing

      Land For Sale La Marque

      Land available for sale in La Marque, Texas.
      Fm 1764 Rd, La Marque, TX 77568
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Approximately 3 acres of land for lease with utilities.
      4101 Kirby Dr, La Marque, TX 77568
      View Details
    • Contact for pricing

      Retail Space Near Amazon Center

      Retail spaces available adjacent to future Amazon Distribution Center.
      Delany Rd, La Marque, TX 77568
      View Details
    • Contact for pricing

      La Marque Warehouse with Showroom

      13,500 SF warehouse with showroom and quick I-45 access.
      320 Delany Rd, La Marque, TX 77568
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in La Marque, Texas.
      6408 I-45, La Marque, TX 77568
      View Details
    • Contact for pricing

      La Marque Commercial Building For Sale

      Commercial building for sale with ample parking in La Marque.
      900 1St St, La Marque, TX 77568
      View Details
    • Contact for pricing
      2,419 SF

      Texas City Restaurant with Drive-Thru

      Restaurant space with drive-thru available for sublease in Texas City.
      4308 Texas Ave, La Marque, TX 77568
      View Details
    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.
    416 State Hwy
    La Marque, TX 77568
    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

    Thank You for Inquiry
    416 State Hwy, La Marque, TX, 77568
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!