$300,000
●
Land -
For Sale
12123 Ostermeyer Road
Galveston, TX 77554
Studio
0 Bath
$1,642
Est. Monthly
About This Property
Available for sale separately, this acreage is two large tracts and
can be purchased as one, or separately. The West End of Galveston
has long been known as a peaceful respite. Now available a piece of
coastal country living on Galveston's West End is ready for a new
owner. Build your dream, raise a little farm, and a large garden.
Spread out and enjoy the coastal country vibe of Galveston's West
End. This property offers more than 7.5 acres of land combined, for
development, home steading, agricultural use, or whatever you'd
like. Or just buy one piece and still enjoy plenty of room to
spread out. You will love the pace of the West End and the peace
and quiet of the landscape. Find your piece of paradise just 15
minutes to attractions ands hopping. 5 minutes to your new favorite
haunt or delicious dining, and 2 minutes to have your toes in the
sand! You'll feel miles away, right at home! Horses welcome!
Unit Size
-
Days on Market
-
Land Size
7.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$169
HOA Dues
-
Year Built
1985
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 days ago (HAR #49974598)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 3, 2026 | Listed by ZAPP Realty | $300,000 | |
| Listed by ZAPP Realty | |||
| May 27, 2026 | Listed by Sand N Sea Properties, LLC | $300,000 | |
| Listed by Sand N Sea Properties, LLC | |||
   | |||
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Available for sale separately, this acreage is two large tracts and can be purchased as one, or separately. The West End of Galveston has long been known as a peaceful respite. Now available a piece of coastal country living on Galveston's West End is ready for a new owner. Build your dream, raise a little farm, and a large garden. Spread out and enjoy the coastal country vibe of Galveston's West End. This property offers more than 7.5 acres of land combined, for development, homesteading, agricultural use, or whatever you'd like. Or just buy one piece and still enjoy plenty of room to spread out. You will love the pace of the West End and the peace and quiet of the landscape. Find your piece of paradise just 15 minutes to attractions and shopping. 5 minutes to your new favorite haunt or delicious dining, and 2 minutes to have your toes in the sand! You'll feel miles away, right at home! Horses welcome!
| |||
Property Highlights
Exterior Details
Lot Features: Open Lot, 5 Up to 10 Acres
Lot Size Area: 7.5
Lot Size Units: Acres
Lot Size Acres: 7.5
Lot Size Square Feet: 326700
Water Source: Public
Financial Details
Tax Annual Amount: $2,022
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
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ft²
Price/ft²
Price/ft²
Asking Price
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Closing Price
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HOA + Taxes
About Galveston
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Listed by: Stacey Weber-Rubio, ZAPP Realty
Last Updated: 4 days ago
Data Source: HAR , MLS# 49974598
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Last Updated: 4 days ago
Data Source: HAR , MLS# 49974598
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