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Property profile & analytics
OFF-MARKET
Land

1118 Fm Rd 518 Kemah, TX 77565

1 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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