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Property profile & analytics
OFF-MARKET
Land

0 Evergreen Memorial Pkwy & Ralph Gordy Ave Clear Lake Shores, TX 77565

1.33 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.33-acre commercial land parcel presents a remarkable investment opportunity in the rapidly developing Kemah, Texas market. Located at the intersection of Evergreen Memorial Parkway and Ralph Gordy Avenue, this property boasts approximately 360 feet of frontage, offering unparalleled visibility and accessibility. Its strategic position directly behind the bustling Kemah Marketplace, anchored by major retailers such as Walmart, Petco, Ross, and Marshalls, ensures high traffic volume and immediate proximity to a substantial consumer base. The site is ideally suited for a diverse range of commercial developments, capitalizing on the area's robust growth trajectory. Offsite detention is a possibility, subject to necessary approvals. Further enhancing its appeal, the property benefits from convenient access to FM 518 and Highway 146, providing effortless connectivity to the wider region. The ongoing construction of a new hotel on Ralph Gordy Avenue and the proposed development of a nearly 89-acre subdivision, which will extend Evergreen Memorial Parkway south to Highway 96, underscore the significant future growth potential of this location. These developments, coupled with the widening of Highway 146, create a dynamic and expanding commercial landscape, making this 1.33-acre lot an exceptional investment for discerning buyers seeking prime commercial land in a burgeoning area. The property's location within Galveston County, Texas, and its 77565 zip code, further solidify its strategic position within this thriving market. The land is zoned for commercial use, offering flexibility for various development plans. The asking price is $950,000, reflecting the exceptional value and potential of this prime commercial property.

Property profile
Verified
Property type Land
Lot 1.33 ac (57,935 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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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