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Property profile & analytics
OFF-MARKET
Commercial real estate

6201 Broadway St Galveston, TX 77551

0.39 ac lot
Entity Owned 4-yr Hold
Property ID
US82-2424432
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 0.39 ac (17,076 SF)
APN 2715-0002-0005-000
UPID US82-2424432
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Asss Capital LLC · 4 yrs held
Asss Capital LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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