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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6201 Broadway St Galveston, TX 77551

    • Commercial real estate
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2424432
    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 6201 Broadway St

    Lot size
    0.39 lot acres
    Property type
    Commercial real estate
    APN
    2715-0002-0005-000

    Description

    This exceptional 0.392-acre commercial land parcel in Galveston, Texas, presents a unique investment opportunity. Located at 6201 Broadway St, Galveston, TX 77551 (APN 2715-0002-0005-000), this property boasts a highly desirable location with significant frontage. The lot offers 118 feet of frontage on the I-45 feeder road and an additional 141 feet on 62nd Street, ensuring exceptional visibility and accessibility. Zoned for both residential and commercial use, this versatile property allows for a wide range of development possibilities. The asking price is $499,000. An existing electric meter is on-site, simplifying utility connections. The property's proximity to a Home Depot and two prominent hotels further enhances its appeal and potential for high traffic and visibility. Development options include build-to-suit projects or leasing opportunities. Potential uses could include beach rentals, food trucks, or other commercial ventures. The lease amount will be determined based on the intended use and lease terms. All development is subject to City of Galveston building codes, permitting requirements, and utility connections. This prime location offers significant potential for substantial return on investment. Serious inquiries are encouraged to explore this exceptional opportunity.

    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
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.839734509926
    Latitude
    29.288171169468

    Comparable in this City

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      Galveston Redevelopment Opportunity

      Prime Mixed-Use Property, High Traffic
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    • $1,900,000
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      Galveston Residential Land with Buildings

      2.406 acres with four buildings totaling 15,808 SF.
      1424 45Th St, Galveston, TX 77551
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    • $365,000

      Galveston Duplex: Investor Opportunity

      Two units in Galveston, one vacant, one occupied.
      4828 Avenue Q 1/2, Galveston, TX 77551
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    • $265,000

      Renovated Condo Near Galveston Beach

      Renovated 3-bedroom condo, move-in ready, near the beach.
      7002 Lasker Dr, Galveston, TX 77551
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    • $270,000
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      Galveston Duplex Near Beach

      Revenue-producing duplex with easy access to amenities and the beach.
      1124 47Th St, Galveston, TX 77551
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    • $1,000,000

      Income-Producing Multifamily Property in Galveston

      Fully renovated 8-unit property with income potential in Galveston, TX.
      5103 Avenue O, Galveston, TX 77551
      View Details

    Similar Nearby for Sale

    • $1,500,000
      26,000 SF

      Galveston Redevelopment Opportunity

      Prime Mixed-Use Property, High Traffic
      5302 Broadway Ave, Galveston, TX 77551
      View Details
    • $1,900,000
      2.41 Acres

      Galveston Residential Land with Buildings

      2.406 acres with four buildings totaling 15,808 SF.
      1424 45Th St, Galveston, TX 77551
      View Details
    • $1,000,000

      Income-Producing Multifamily Property in Galveston

      Fully renovated 8-unit property with income potential in Galveston, TX.
      5103 Avenue O, Galveston, TX 77551
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    • $267,000

      Coastal Condo with Ocean Views

      Charming condo with ocean views, perfect for vacation rental.
      7310 Seawall Blvd, Galveston, TX 77551
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    • $219,000
      1,485 SF

      Single-Story Condo Near Galveston Beach

      Single-story condo with garage, near beach, restaurants, and shopping.
      6912 Williams Dr, Galveston, TX 77551
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    • $315,000
      1,298 SF

      Gulf-Front Condo with Wrap-Around Balcony

      Three-bedroom, two-bath condo with Gulf views and beachfront amenities.
      7700 Seawall Blvd, Galveston, TX 77551
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      76,986 SF

      Broadway Shopping Center: Galveston Retail

      Prime Galveston retail space, high traffic area.
      5900-5940 Broadway Ave, Galveston, TX 77551
      View Details
    • Contact for pricing
      209,152 SF

      Galveston Island Retail Opportunity

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      61st St. & Central City Blvd, Galveston, TX 77551
      View Details
    • $18 SF/Yr
      5,500 SF

      Galveston Office Building For Lease

      Two-story office building with excellent access and visibility.
      6501 Stewart Rd, Galveston, TX 77551
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    6201 Broadway St
    Galveston, TX 77551
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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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