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$921,312

NAL Estimated Property Value

2016 Strand Street 1, Galveston, TX, 77550

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths888 Sq Ft
price_per_sqft$213.4 / sqft
Year BuiltBuilt in 1865

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesDryer, Washer, Dishwasher, Disposal, Refrigerator, Microwave, Electric Range, Electric Oven, Washer/Dryer Stacked
FlooringWood

Building Information

Year Built1865
Stories1

Land Information

APN3914-0000-0101-000
SubdivisionHendley Market Luxury Condos (2014) Abst
Land UseCommercial
Legal DescriptionHENDLEY MARKET LUXURY CONDOS (2014) ABST 628, UNIT 101, 30.95% COMMON AREA INTEREST
Census Tract724500
Assessed Land Value$18,140
Assessed Improvement Value$1,322,660
Assessment Year2025

About this property

Downtown condo with assigned off street parking. Enjoy loft living in the 1859 historic Hendley Market Building with incredible Strand views! Plantation shutters add an elegant touch to this very distinctive condo. Mock fireplace, hardwood floors, bedroom loft above living area. Stainless steel appliances, granite kitchen are some of the modern conveniences that this historic gem has to offer. Also, condo has its own storage unit located on the first floor. And don't forget the assigned parking spot!

Investor Tools

Property Icon
$921,312
Estimated Property Value
$0Estimated Mortgage Balance
$921,312Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,528 /month
Positive
Cash Flow Estimate:
$1,843 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
$378/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$921,312
2025
$18,140
$1,322,660
$1,340,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$921,312

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$921,312
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Galveston

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2016 Strand Street 1 | Property Details | No Agent List