Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8030 Highway 6 Hitchcock, TX 77563

    • Land
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Andy’s Carpet & Fine Flooring / Big Box & Wholesale Store

    Property Details for 8030 Highway 6

    Lot size
    0.24 lot acres
    Property type
    Land

    Description

    This exceptional 0.236-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Hitchcock, Texas. Strategically located on Highway 6, this property boasts unparalleled visibility and accessibility, making it ideal for a diverse range of commercial ventures. The land is zoned for commercial use, offering flexibility for development plans. With its prime location and substantial size, this lot represents a rare chance to establish a successful business in a rapidly growing area. The property's address is 8030 Hwy 6, Hitchcock, TX 77563, and its APN is 0013-0058-0000-000. The asking price for this exceptional opportunity is $225,000. This location offers significant potential for growth and return on investment. Don't miss this chance to secure a piece of Hitchcock's vibrant commercial landscape. The property is situated in Galveston County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hitchcock
    County
    Galveston
    State
    Texas
    Longitude
    -95.0202
    Latitude
    29.3496

    Comparable in this City

    • Value Estimation by Request
      27,849 SF

      6500 Highway 6

      Mixed-use properties • 27,849 SF
      6500 Highway 6, Hitchcock, TX 77563
      View Details
    • Value Estimation by Request
      34,848 SF

      5717 Highway 6

      Mixed-use properties • 34,848 SF
      5717 Highway 6, Hitchcock, TX 77563
      View Details
    • Value Estimation by Request
      1.12 Acres

      6521 Highway 6

      Land • 1.12 Acres
      6521 Highway 6, Hitchcock, TX 77563
      View Details
    • Value Estimation by Request
      1.00 Acre

      9001 Schiro Rd

      Land • 1.00 Acre
      9001 Schiro Rd, Hitchcock, TX 77563
      View Details
    • Value Estimation by Request
      16.86 Acres

      6115 Delany Rd

      Land • 16.86 Acres
      6115 Delany Rd, Hitchcock, TX 77563
      View Details
    • Value Estimation by Request
      3.75 Acres

      000 Highway 6

      Land • 3.75 Acres
      000 Highway 6, Hitchcock, TX 77563
      View Details

    Similar Nearby for Sale

    • $199,500

      2.56 Acre Bayou Land Tract

      Secluded 2.56 acre tract with bayou frontage.
      5015 Ghinaudo Rd, Hitchcock, TX 77563
      View Details
    • $165,000

      West Haven Subdivision Lots For Sale

      Three lots available in West Haven Subdivision, Galveston County.
      Highway 6, Hitchcock, TX 77563
      View Details
    • $299,000
      1.00 Acre

      Hitchcock Waterfront Acre Lot

      Prime waterfront land, unrestricted zoning.
      9001 Schiro Rd, Hitchcock, TX 77563
      View Details
    • $542,400

      Undeveloped Land with 45 Lots

      Undeveloped land featuring 45 lots, available for sale.
      5900 Carver Ave, Hitchcock, TX 77563
      View Details
    • $150,000

      Land Near Highway 6

      Land suitable for rural retreat or multi-family development.
      7517 Caldwell St, Hitchcock, TX 77563
      View Details
    • Contact for pricing

      Land Ready for Development

      Land suitable for building or storage in Hitchcock, Texas.
      6715 Hawthorne Rd, Hitchcock, TX 77563
      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.
    8030 Highway 6
    Hitchcock, TX 77563
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!