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    24575 Termini-San Luis Pass Rd Galveston, TX 77554

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    24575 Termini-San Luis Pass Rd Galveston, TX 77554

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    • Land
    • 59.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 24575 Termini-San Luis Pass Rd

    Lot size
    59.22 lot acres
    Property type
    Land
    Property subtype
    Private islands

    Description

    This exceptional 59.22-acre property presents a rare beachfront development opportunity in Galveston, Texas. Located near the Pointe West Subdivision off St. Luis Pass Road, this expansive land parcel boasts direct beachfront access across the street and extends from FM 3005 to the bay shoreline. The property's commercial, island, and residential subtypes offer significant versatility for a wide range of development projects. With its unparalleled location and substantial acreage, this land offers developers a unique chance to create a truly remarkable project. The lot size is substantial, providing ample space for various development plans. The property's location in Galveston County, Texas, offers access to a thriving community and attractive tourism market. The land value is priced at $0/SF, presenting a unique opportunity for investors to capitalize on the potential of this prime beachfront location. The address is 24575 Termini-San Luis Pass Rd, Galveston, TX 77554. This is a remarkable opportunity to acquire a significant piece of Galveston's coastline. The property's proximity to established residential areas and its direct beachfront access make it an ideal location for a variety of development projects. The potential for high returns on investment is significant, given the scarcity of such large beachfront parcels.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -95.0767
    Latitude
    29.1171

    Comparable in this City

    • Value Estimation by Request
      45.00 Acres

      11203 Termini-San Luis Pass Rd

      Private islands • 45.00 Acres
      11203 Termini-San Luis Pass Rd, Galveston, TX 77554
      View Details
    • Value Estimation by Request
      330.00 Acres

      17514 Termini-San Luis Pass Rd

      Private islands • 330.00 Acres
      17514 Termini-San Luis Pass Rd, Galveston, TX 77554
      View Details
    • Value Estimation by Request
      6.48 Acres

      24559 Termini-San Luis Pass Rd

      Land • 6.48 Acres
      24559 Termini-San Luis Pass Rd, Galveston, TX 77554
      View Details
    • Value Estimation by Request
      60.00 Acres

      Zingelmann Rd

      Farms • 60.00 Acres
      0 Zingelmann Rd, Galveston, TX 77554
      View Details
    • Value Estimation by Request

      17501 Termini-San Luis Pass Rd

      Land
      17501 Termini-San Luis Pass Rd, Jamaica Beach, TX 77554
      View Details
    • Value Estimation by Request
      12.28 Acres

      12101 Ostermeyer Rd

      Farms • 12.28 Acres
      12101 Ostermeyer Rd, Galveston, TX 77554
      View Details

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    24575 Termini-San Luis Pass Rd
    Galveston, TX 77554
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    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
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    24575 Termini-San Luis Pass Rd, Galveston, TX, 77554

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