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    6928 Ave Hitchcock, TX 77510
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    Property profile & analytics

    6928 Ave Hitchcock, TX 77510

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    • Commercial real estate
    • 28.60 lot acres
    Off-Market
    Property ID
    US82-3270474
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6928 Ave

    Lot size
    28.60 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 28.6-acre property in Santa Fe, Galveston County, Texas, presents a unique development opportunity. Located at 6928 Avenue T, Hitchcock, TX 77510, this expansive land parcel boasts nearly 2000 feet of road frontage, ensuring excellent visibility and accessibility. Currently zoned without restrictions, this offers unparalleled freedom for diverse development projects. The property is conveniently situated near schools, grocery stores, and major cities, providing a balance of rural tranquility and urban convenience. Close proximity to electricity simplifies utility connections. While outside city limits, the property's location offers easy commutes to both Houston and Galveston. Note that any development plans will require approval from Galveston County Drainage District 1. Seller financing is available with a minimum 10% down payment, and terms are negotiable. Comparable one-acre tracts in the area are selling for $90,000-$100,000. This is an ideal investment for developers seeking a substantial, versatile land holding in a rapidly growing area. The property is also divisible into 6.7-acre tracts. This presents a rare opportunity to acquire a significant piece of land ready for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hitchcock
    County
    Galveston
    State
    Texas
    Longitude
    -95.1071532
    Latitude
    29.3446587

    Comparable in this City

    • Contact for pricing
      43,560 SF

      Santa Fe Storage Facility For Sale

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      31.14 Acres on FM 2004

      31.14-acre property with road frontage, pond, and new fencing.
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    Similar Nearby for Sale

    • Contact for pricing
      43,560 SF

      Santa Fe Storage Facility For Sale

      Self-storage facility with climate-controlled units in a growing area.
      13435 Fm 1764 Rd, Santa Fe, TX 77510
      View Details
    • Contact for pricing

      31.14 Acres on FM 2004

      31.14-acre property with road frontage, pond, and new fencing.
      11402 Fm 2004 Rd, Santa Fe, TX 77510
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building on Highway 6

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      Highway 6 Freestanding Building

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      Freestanding Building on Highway 6

      Versatile building with retail and warehouse space for lease.
      13207 Highway 6, Santa Fe, TX 77510
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    • $3,500 /Mo

      Land Available For Lease

      Land available for lease in Santa Fe, Texas.
      10648 Fm 1764 Rd, Santa Fe, TX 77510
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      3.24 Acres with Utilities

      Land available with public utilities in Santa Fe, Texas.
      10597 Fm 1764 Rd, Santa Fe, TX 77510
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      Warpath Avenue Specialty Property

      Specialty property available for rent in Santa Fe, Texas.
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    6928 Ave
    Hitchcock, TX 77510
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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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