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$1,089,000

NAL Estimated Property Value

4720 Avenue O 1/2, Galveston, TX, 77551

Off MarketInfo
CommercialInfo
Baths7,664 Sq Ft
price_per_sqft$143.53 / sqft
Year BuiltBuilt in 1970

Highlights

Interior

Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator
FlooringConcrete

Exterior

Lot Size12,001 sqft

Building Information

Year Built1970
Stories1
Roof Type105

Land Information

APN2965-0087-0021-000
Lot Number21-24
SubdivisionDenver Resurvey
Land UseCommercial
Legal DescriptionABST 628 M B MENARD SUR LOTS 21 THRU 24 BLK 87 DENVER RESURVEY
Census Tract725400
Assessed Land Value$127,620
Assessed Improvement Value$187,380
Assessment Year2025

About this property

A rare adaptive-reuse opportunity featuring a former chapel paired with a secondary building on a private,landscaped site in central Galveston.Built in 1970,the primary structure offers a dramatic interior defined by vaulted wood ceilings,exposed beams,and preserved stained-glass clerestory windows that fill the space with natural light.The architect,Tibor Beerman,also designed the Galveston County Courthouse,adding architectural significance.The open studio-style layout includes defined living areas,a glass-enclosed workspace,kitchen, bathroom,and multiple flexible sleeping or creative-use zones,along with mezzanine space overlooking the main interior.A large stained-glass installation displayed in the entry serves as a striking focal point.The secondary building features a spacious 1st floor workshop with upper-level areas ready for future build-out,connected by a central courtyard.Historical documents and blueprints convey.2 structures total approximately 7,664 SF of adaptable space

Investor Tools

Property Icon
$1,089,000
Estimated Property Value
$340,122Estimated Mortgage Balance
$749,486Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$908/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,452
$306,130
2025
$127,620
$187,380
$315,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,452
$306,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$365,000
No
First
Sep 20, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,122
$748,878
68%
31%
$2,189/mo

Learn About the Market: Opportunity in Texas

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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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