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    Property profile & analytics

    1809 Petersen St Palacios, TX 77465

    • Commercial real estate
    • 6,464 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US82-9814189
    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

    • Commercial real estate

    Property Details for 1809 Petersen St

    Year built
    1978
    Lot size
    0.34 lot acres
    Property size
    6,464 SF
    Property type
    Commercial real estate
    APN
    37714

    Description

    This exceptional investment opportunity presents an eight-unit apartment building located in Palacios, Texas, at 1809 Petersen St, 77465. The property, boasting a 100% occupancy rate, comprises 6,464 square feet across a single, two-story building constructed in 1978. Each of the eight units features two bedrooms and one bathroom, offering a consistent and stable rental income stream. The property sits on a 0.344-acre lot and is classified as a Class B multifamily investment. The asking price is $599,000, translating to $92.67 per square foot and $74,875 per unit. This stabilized investment offers a compelling return on investment, further enhanced by its desirable coastal location and beautiful waterfront views. The property's APN is 37714. While the year of any renovations is unknown, the property benefits from its prime location and strong occupancy, making it an attractive addition to any portfolio. This is a fully occupied, stabilized investment property offering a rare opportunity in the coastal Texas market. The property is 100% owner-occupied.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.204516899952
    Latitude
    28.721965733342

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    Similar Nearby for Sale

    • $34,000
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      Water View Lot in Palacios

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      View Details
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      937 Bayview Dr, Palacios, TX 77465
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    • $60,000

      Boca Chica RV Lot

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      View Details
    • $1,700,000
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      Waterfront RV Park Opportunity

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    • $59,500
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      Waterview Lots in Gated Community

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      View Details
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      View Details
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    Palacios, TX 77465
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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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