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$730,000

NAL Estimated Property Value

2213 Postoffice, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths2 Bath
Baths7,276 Sq Ft
price_per_sqft$182.11 / sqft
Year BuiltBuilt in 1885

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDisposal, Dishwasher, Refrigerator

Exterior

Lot Size5,158 sqft

Building Information

Year Built1885
Stories2

Land Information

APN3505-0442-0004-002 01
Lot Number4
SubdivisionGalveston Townsite
Land UseCommercial Real Property
Legal DescriptionABST 628 M B MENARD SUR LOT 4 (4-2) BLK 442 GALVESTON
Census Tract724500
Assessed Land Value$234,780
Assessed Improvement Value$495,220
Assessment Year2025

About this property

Built in the Gilded Age this building has a long history and bright future on Postoffice St. Prime location in the heart of the Art's and Entertainment district of Downtown Galveston. Three retail spaces fully occupied with long standing local business. Three loft apartments with tenants. Building has been well cared for over the century. Roof replacement, air conditioners, electrical and plumbing, dishwasher and fridges have all seen updates. The front facade is fun and inviting. The rear has the residential access and with large shaded courtyard. All residents have a roof terraces or balcony. Tall ceilings and wood floors grace all units. . Residential unit is A is above the clothing store. Large living and dining 1/1. This unit over looks the courtyard. Residential B is the second floor unit with two bedroom two bath. Roof terrace. Unit C is ground floor Loft one bedroom one bath. Please refrain from discussing the building sale with tenants. Discretion would be appreciated

Investor Tools

Property Icon
$730,000
Estimated Property Value
$196,166Estimated Mortgage Balance
$533,834Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,950 /month
Positive
Cash Flow Estimate:
$2,650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,204/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,799
$730,000
2025
$234,780
$495,220
$730,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,799
$730,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas First Bank Galveston
Unknown
$390,000
No
First
Mar 9, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,166
$533,834
73%
27%
$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.

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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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2213 Postoffice | Property Details | No Agent List