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$1,300,000

NAL Estimated Property Value

2416 Postoffice Street, Galveston, TX, 77550

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths10,320 Sq Ft
price_per_sqft$155.52 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size10,319 sqft

Building Information

Year Built1965
Stories2
Roof Type121

Land Information

APN3505-0504-0011-000
Lot Number11,12
SubdivisionGalveston Townsite
Land UseCommercial
Legal DescriptionABST 628 M B MENARD SUR TR A 2416 POSTOFFICE RPLT OF LOTS 11 & 12 (11-0) BLK 504 GALVESTON
Census Tract724500
Assessed Land Value$374,590
Assessed Improvement Value$925,410
Assessment Year2025

About this property

This unique mixed-use commercial property offers exceptional visibility and flexibility in one of Galveston’s most active corridors. Ideally located between the Strand and Postoffice District and just minutes from the cruise terminal, the property benefits from strong tourism traffic, walkability, and ongoing area investment. The offering includes the main commercial building plus an additional lot, creating opportunities for parking, outdoor space, future development, or expanded commercial use. The first floor is currently configured as a bar and entertainment venue, while the expansive second floor offers value-add potential for office, event space, studio, residential conversion, boutique hospitality, or additional commercial use. Recent improvements include extensive brickwork restoration, fresh exterior paint, and balcony enhancements. A rare investment opportunity in the heart of Galveston.

Investor Tools

Property Icon
$1,300,000
Estimated Property Value
$698,881Estimated Mortgage Balance
$601,119Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,630 /month
Positive
Cash Flow Estimate:
$3,210 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,749
$1,300,000
2025
$374,590
$925,410
$1,300,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,749
$1,300,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Advantage Community Bank Na
Commercial
$750,000
No
First
Sep 27, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$698,881
$601,119
46%
54%
$4,497/mo

City: Galveston

2416 Postoffice Street | Property Details | No Agent List