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    Property profile & analytics

    1040 Velasco St, Unit 288B Angleton, TX 77515-5250

    • Bowling alleys
    • 36,900 SF
    • 3.75 lot acres
    OFF-MARKET
    Value Estimation
    $905,000
    Location Intelligence
    Property ID
    US83-4239215
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ten Pin Entertainment / Bowling Alley / Diner
    • Spare Time Recreations / Recreation Center
    • Striking Results Pro Shop / Bowling Supply Shop
    • Why Not Bingo / Bingo Hall
    • Ten Pin Burger Bar / Diner

    Property Details for 1040 Velasco St

    Year built
    2000
    Lot size
    3.75 lot acres
    Property size
    36,900 SF
    Property type
    Bowling alleys
    APN
    7798-0013-000
    APU
    77980013000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,050,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $805,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $780,000
      Geo Method
      $830,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $925,000
      Retail
      $815,000
      Mixed-Use
      $820,000
      Hospitality
      $770,000
      Educational
      $810,000
      Residential Income
      $895,000
      Energy
      $825,000
      Income-Based Land
      $925,000
      Food Service
      $920,000

    Location Insight

    • Map
    • Local Demand
    City
    Angleton
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4313
    Latitude
    29.1509
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $23,607
    $287,580
    $3,861,480
    $4,149,060
    -
    $287,580
    $3,861,480
    $4,149,060

    Comparable in this City

    • Value Estimation by Request
      94.57 Acres

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      Land • 1.89 Acres
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      5.00 Acres

      2201 Velasco St

      Land • 5.00 Acres
      2201 Velasco St, Angleton, TX 77515
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      0.09 Acres

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      COMMERCIAL (GENERAL) • 0.13 Acres
      315 Lk Dr, Holiday Lakes, TX 77515
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      Angleton Land For Sale

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    Similar Nearby for Lease

    • $16 SF/Yr
      4,004 SF

      Angleton Retail Space Available

      Retail space available for lease in Angleton, Texas.
      1800-1814 North Velasco St, Angleton, TX 77515
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      29,953 SF

      Angleton Commercial Land For Lease

      Prime 29,953 SF Commercial Lot
      1038 Velasco St, Angleton, TX 77515
      View Details
    • $2,900 /Mo
      1,472 SF

      Turnkey Bar/Restaurant Opportunity

      Ready-to-lease bar with open floor plan and built-in counters.
      108 N Velasco St, Angleton, TX 77515
      View Details
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    Angleton, TX 77515-5250
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    Realmo Value Estimation

    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.

    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.

    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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