Sign Up Successful!
You now have access to more from Realmo!
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

    2420 Hewitt St League City, TX 77573

    • Commercial real estate
    • 5.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3407890
    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 2420 Hewitt St

    Lot size
    5.95 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.95-acre commercial land parcel presents a remarkable investment opportunity in the thriving League City, Texas market. Located at 2420 Hewitt Street, in Galveston County, zip code 77573, this property boasts a highly desirable Commercial Office zoning designation, opening doors to a wide range of development possibilities. Its strategic corner location at the intersection of Highway 270 and Hewitt Street offers unparalleled visibility and accessibility, situated just one block north of the intersection of Highways 96 and 270. This prime location ensures high traffic volume and excellent exposure for any commercial venture. The expansive lot size provides ample space for a variety of development projects, from large-scale commercial buildings to smaller retail spaces. The property's coordinates are 29.501864 latitude and -95.06478 longitude. Given its size, zoning, and strategic location, this land tract represents a significant opportunity for developers and investors seeking a high-impact commercial investment in a rapidly growing area of Texas. The property is ready for immediate development, presenting a unique chance to capitalize on the area's robust economic growth and increasing demand for commercial space. Serious inquiries are encouraged to explore the full potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    League City
    County
    Galveston
    State
    Texas
    Longitude
    -95.06478
    Latitude
    29.501864

    Comparable in this City

    • $7,500,000
      4,800 SF

      League City Industrial Portfolio

      Multi-tenant industrial complex, prime location
      820 Lawrence Rd, League City, TX 77573
      View Details
    • Contact for pricing
      1.24 Acres

      West League City Commercial Land

      Prime land sites, sale or lease.
      0 League City Pkwy, League City, TX 77573
      View Details
    • $775,000

      League City Commercial Land Opportunity

      1.57 AC corner lot near medical centers and I-45.
      820 W League City Pkwy, League City, TX 77573
      View Details
    • $410,000

      League City Land For Sale

      Cleared and leveled land with utilities available near Highway 3.
      105 E Walker St, League City, TX 77573
      View Details
    • Contact for pricing

      Development-Ready Land For Sale

      44.39 AC of divisible land with freeway frontage.
      Gulf Fwy, League City, TX 77573
      View Details
    • $115,000

      Commercial Lot in League City

      Commercial lot for diverse development options in high-traffic location.
      1612 Highway 3 S, League City, TX 77573
      View Details

    Similar Nearby for Sale

    • $1,300,000
      3.35 Acres

      League City Commercial Land - $1.3M

      3.35 Acres, High-Visibility Location
      2385 Austin St, League City, TX 77573
      View Details
    • Contact for pricing

      Tuscan Lakes Marketplace Pad Sites

      Prime Retail Land, League City, TX
      0 League City Pkwy, League City, TX 77573
      View Details
    • $730,414
      1.68 Acres

      League City Commercial Land - FM 270

      High-traffic location, prime development opportunity.
      League City, TX 77573
      View Details
    • $225,000
      1.05 Acres

      League City Commercial Land - 1.05 Acres

      Prime 1.05-acre commercial lot. Owner financing available.
      100 Perkins Ave, League City, TX 77573
      View Details
    • $3,386,071

      11.959 Acres Commercial Land

      11.959 acres of commercial land with owner financing.
      Marina Bay Dr, League City, TX 77573
      View Details
    • $150,000

      Unrestricted Lots Near Galveston

      Three lots with potential to build a dream home.
      00 Virginia Ave, Dickinson, TX 77573
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,450 SF

      League City Commercial Land

      Commercial land for rent near residential communities and amenities.
      1915 W League City Pkwy, League City, TX 77573
      View Details
    • $22 SF/Yr
      22,682 SF

      Regus South Shore Office Space

      Lakefront Executive Suites, Coworking
      2600 Shore Blvd, League City, TX 77573
      View Details
    • $20 SF/Yr
      800 SF

      Professional/Medical Office Space Available

      Well-maintained office building near Gulf Freeway and UTMB Health.
      1455 Fm 646 Rd, League City, TX 77573
      View Details
    • $15 SF/Yr
      1,453 SF

      Office Space in League City

      Office space available for lease in League City, TX.
      3023 Marina Bay Dr, League City, TX 77573
      View Details
    • $24 SF/Yr
      2,860 SF

      Retail Space Available For Lease

      Retail space available for lease with 2,860 square feet.
      4414 W Main St, League City, TX 77573
      View Details
    • $28 SF/Yr
      25,050 SF

      Parkway Medical Plaza: League City Office Space

      League City medical & retail space available. Prime location, flexible lease terms.
      1320 League City Pkwy, League City, TX 77573
      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.
    2420 Hewitt St
    League City, TX 77573
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.