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    I-45 And Kirby Dr La Marque, TX 77568
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    I-45 And Kirby Dr La Marque, TX 77568

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

    Current Use by Public Records

    • Land

    Property Details for I-45 And Kirby Dr

    Lot size
    2.50 lot acres
    Property type
    Land

    Description

    This exceptional 2.5-acre commercial land parcel presents a prime investment opportunity in La Marque, Texas. Strategically located on I-45 and Kirby Drive in Galveston County (zip code 77568), this property boasts unparalleled visibility due to its frontage on the Gulf Freeway. A recently constructed TxDOT-approved curb cut provides convenient access from the feeder road, maximizing exposure to high traffic volume. Utilities are readily available adjacent to the southern property boundary. The site benefits from a highly desirable levee-protected flood zone X designation, offering a 0.2% annual chance of flood hazard. A shared commercial driveway is in place and expandable. TxDOT's right-of-way is approximately 12 feet from the I-45 feeder, ensuring maximum freeway visibility. Modern infrastructure is in place, including newly installed underground fiber optic cable. The property's location offers significant advantages, situated less than a mile south of a new, approximately 180,000-square-foot Amazon hub and within convenient proximity to both the Port of Texas City (under 10 miles) and the Port of Galveston (approximately 16 miles). A nearby storm drain on the north side of the property further enhances its utility and development potential. The asking price for this exceptional commercial land is $875,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Marque
    County
    Galveston
    State
    Texas
    Longitude
    -95.0029
    Latitude
    29.3739

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      4101 Kirby Dr

      Land • 3.00 Acres
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      8.50 Acres

      2602 Maxwell St

      Land • 8.50 Acres
      2602 Maxwell St, La Marque, TX 77568
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      67.16 Acres

      5766 Gulf Fwy

      Land • 67.16 Acres
      5766 Gulf Fwy, La Marque, TX 77568
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    • Value Estimation by Request
      0.92 Acres

      11001 Delany Rd

      Land • 0.92 Acres
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    • Value Estimation by Request
      2.66 Acres

      416 State Hwy

      Land • 2.66 Acres
      416 State Hwy, La Marque, TX 77568
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    • Value Estimation by Request
      2.77 Acres

      Ln Marque Tx 77568

      Land • 2.77 Acres
      0 Ln Marque Tx 77568, Texas City, TX 77568
      View Details

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      Land For Sale

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      2602 Maxwell St, La Marque, TX 77568
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      Land For Sale La Marque

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    Similar Nearby for Lease

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      Land Available For Lease

      Approximately 3 acres of land for lease with utilities.
      4101 Kirby Dr, La Marque, TX 77568
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      Retail Space Near Amazon Center

      Retail spaces available adjacent to future Amazon Distribution Center.
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      La Marque Warehouse with Showroom

      13,500 SF warehouse with showroom and quick I-45 access.
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      Retail Space For Lease

      Retail space available for lease in La Marque, Texas.
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      Retail Space on Gulf Freeway

      Retail space available for lease on Gulf Freeway.
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      2,419 SF

      Texas City Restaurant with Drive-Thru

      Restaurant space with drive-thru available for sublease in Texas City.
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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.

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