1118 Fm Rd 518 Kemah, TX 77565
This exceptional offering presents a rare opportunity to acquire approximately 15.5 acres of prime infill land in Kemah, Texas, with an additional approximately 26 acres available adjacent to the property. The site boasts a highly desirable location at the signalized intersection of FM 518 and Lawrence Road, providing 580 feet of frontage along FM 518, a major thoroughfare with approximately 15,212 vehicles per day. This strategic location offers exceptional visibility and convenient access to Highway 146 (0.4 miles) and Interstate 45 (5.7 miles), significantly enhanced by the recent $220 million Highway 146 expansion. The property is suitable for a variety of uses, including light industrial, outside storage, light manufacturing, senior living, or entertainment. A significant portion of the land lies outside the 100-year floodplain, allowing for immediate building potential. While some areas are within the floodplain, their flexible utility accommodates various development plans. The absence of zoning restrictions provides unparalleled flexibility for developers. Public utilities, including water and sewer provided by Galveston County Water Control & Improvement District #12, are readily accessible. The property is situated within the highly-rated Clear Creek Independent School District, ranked #42 in Texas. Potential on-site detention facilities should be explored with a civil engineer. Purchasers are advised to verify all details with the City of Kemah, GC WCID #12, or a qualified civil engineer. The total available land area is approximately 42 acres. Tax rates are $0.01695 for the City of Kemah and $0.013165 for unincorporated Galveston County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.