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    1600 Main St La Marque, TX 77568
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    1600 Main St La Marque, TX 77568

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    • Mobile home & RV parks
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Victoria’s cleaning service / Commercial Cleaning Service
    • Gutierrez Lawn service / Landscaping
    • The Oaks Mobile Home Community / Campground & RV Park

    Property Details for 1600 Main St

    Property type
    Mobile home & RV parks

    Description

    This exceptional investment opportunity presents two adjacent mobile home parks in La Marque, Texas, totaling 61 sites and operating as a single community. Located within one mile of each other in Galveston County, these properties boast 96% occupancy, with two vacant lots already containing homes ready for immediate rental upon closing. City utilities service both parks

    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
    -94.9674
    Latitude
    29.3584

    Comparable in this City

    • Value Estimation by Request
      5,804 SF

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      Multifamily properties • 5,804 SF
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    • Value Estimation by Request

      1414 Main St

      Land
      1414 Main St, La Marque, TX 77568
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    • Value Estimation by Request
      8.50 Acres

      2602 Maxwell St

      Land • 8.50 Acres
      2602 Maxwell St, La Marque, TX 77568
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    • Value Estimation by Request
      5.00 Acres

      5200 Delany Rd

      Land • 5.00 Acres
      5200 Delany Rd, La Marque, TX 77568
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    • Value Estimation by Request
      1.38 Acres

      La Marque, TX 77568

      INDUSTRIAL (GENERAL) • 1.38 Acres
      La Marque, TX 77568
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    • Value Estimation by Request
      0.21 Acres

      1510 Maple St Sta, Unit A

      COMMERCIAL (GENERAL) • 0.21 Acres
      1510 Maple St Sta, La Marque, TX 77568-6202
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    Similar Nearby for Sale

    • Contact for pricing

      La Marque Land Development Opportunity

      Land for custom home or multiple units development in La Marque.
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      Cleared Lot, Utilities Available

      Spacious cleared lot with available utilities, no HOA, low taxes.
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    • $250,000
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      La Marque Commercial Kitchen Space

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      3 Acres Build to Suit

      3 acres available for lease or sale, build to suit.
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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

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      Retail Space Near Growing Communities

      Retail space available near Tanger Outlets and residential developments.
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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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      2,419 SF

      La Marque Commercial Space

      2419 sq ft commercial space available for rent.
      4308 Texas Ave, La Marque, TX 77568
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    • $24 SF/Yr
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      Freestanding Shopping Center For Rent

      14,260 SF shopping center with freeway visibility.
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    1600 Main St
    La Marque, TX 77568
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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.

    More about this property
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