& 2914 Avenue R 1/2

Galveston | Texas

The Legacy of

Land Ownership

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Austin Jones

Presented At

$995,000

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 1

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 2

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 3

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 4

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 5

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 6

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 7

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 8

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. - Photo 9

2912

& 2914 Avenue R 1/2

Galveston | Texas

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States. , Galveston , Texas 77550

Lots And Land Galveston

A brand-new food truck facility spanning two adjacent lots at 2912 & 2914 Avenue R 1/2, Galveston, TX. Just opened in November 2025, this turnkey commercial investment is fully built out and ready to generate strong, predictable income.
Property Highlights
Two side-by-side lots
Up to 5 food trucks per lot – 10 total
Zoning: HDDZ-Comm
All utilities in place: Electric, water, and sewer / Newly developed facility with modern infrastructure / Ideal location for Galveston’s growing food truck and tourism market
Pro Forma Financials
Rental Income: $1,500 per truck x 10 = $15,000/month
Estimated Expenses: $3,000/month (electricity, water & sewer)
Net Operating Income: $12,000/month
Annual NOI: $144,000
Pro Forma Cap Rate: 14.5%
This is a rare opportunity to acquire a newly opened, high-cap-rate commercial asset in a strong coastal market with built-in demand and scalability. Perfect for investors seeking cash flow, minimal deferred maintenance, and long-term upside.

Property

Property Location

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States., Galveston Texas

Local Weather & Climate

Galveston, Texas

Current Conditions Updated recently

76 °F

Clear sky

Feels Like 77°F

Humidity 77%

Wind 10 mph

Visibility 6.2 mi

Sunrise 12:19 PM

Sunset 12:31 AM

5-Day Forecast

Mon 23 Mar

Clear

High 76°

Low 76°

Tue 24 Mar

Clear

High 77°

Low 66°

Wed 25 Mar

Clear

High 70°

Low 69°

Thu 26 Mar

Clear

High 70°

Low 69°

Fri 27 Mar

Clear

High 71°

Low 69°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Galveston?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

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$99,500,000

2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States.

Galveston, Texas 77550

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Market Opinion

Ultra Luxury 284.3× median

View prices in:

Our perspective on current market conditions in Galveston. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market

Balanced conditions. Negotiate wisely.

Buyer Score

Homes are taking 129 days to sell - more time to negotiate

Homes selling 6.8% below asking price on average

Local Market Price Trends

Median home sale prices in Galveston, Texas — ZIP code 77550 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $99,500,000

Area median: $350,000

Market Competition

129 days

Days on Market

Above typical

93.2%

Sale-to-List Ratio

Below asking

Future Value & Wealth Building

Starting investment: $995,000 20% down ($199,000)

26.6 years

Double Your Investment

Based on current market trends, your property value could double

$608,196

10-Year Equity

Your potential equity after 10 years of payments and appreciation

$5,296

Monthly Investment

Estimated monthly mortgage payment (principal & interest)

$2,174,688

30-Year Wealth Potential

Total equity after full mortgage payoff with market appreciation

3.1x

Leverage Power

Your $199,000 down payment could grow to $608,196 in equity (10 yrs)

Investment Perspective

$1 → $1.30

Every dollar invested today could become $1.30 in 10 years

$100 → 130 $1,000 → $1,298

$72/day

Your home may appreciate while you sleep

$505/week $2,189/mo $26,274/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$249K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential -4% advantage over stocks

-$548K

+$608K

$608K Potential Equity

vs $548K lost to rent over 10 years

$199K Down Payment Growth

3.1x

10yr

$608K

6.1x

20yr

$1.2M

10.9x

30yr

$2.2M

Wealth Comparison

×5

Equivalent to 5 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $2.2M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

26.6

years

Market-Based

2.64% effective/yr

16.2

years

Optimistic

4.38% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $1.2M +18%

Market $1.3M +30%

Optimistic $1.5M +53%

$608K est. equity

20 Years

Conservative $1.4M +39%

Market $1.7M +68%

Optimistic $2.3M +136%

$1.2M est. equity

30 Years

Conservative $1.6M +63%

Market $2.2M +119%

Optimistic $3.6M +261%

$2.2M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average

4.27 %

1967 – 2024

57 years of U.S. home price data

Recent Decade Average

6.5 %

2014 – 2024

Post-recovery bull market

Historical Norm

Current 3.5% appreciation is in line with historical norms. Conservative projections are well-grounded.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 2.6%. Market scenario reflects current 3.5% YoY trend from Redfin (Mar 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Mar 2026

Neighborhood Demographics

ZIP 77550 • 2022 ACS Data

23,215 Population

Median Age: 39.0

$47,366 Median Income

Below Average

$245,300 Median Home Value

Rent: $1,115

32.7% College Graduates

Average

Housing

Homeowners 29.9%

Renters 42.5%

Vacancy Rate 27.6%

Employment

8.9% Unemployment

11.1% Work From Home

Education Attainment (Age 25+)

High School+ 86.0%

Bachelor's+ 32.7%

Graduate+ 13.6%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Galveston

Cold Market More inventory, buyers have negotiating power

$350,000

Median Sale Price

$249

Price per Sq Ft

129

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

What is the listing price for 2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States?

This property is listed at $99,500,000.

What are the current real estate market conditions in Galveston?

In Galveston, homes typically sell within 129 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.

Is now a good time to buy a home in Galveston?

Based on current market indicators, Galveston shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 2912 & 2914 Avenue R 1/2, Galveston, TX 77550, Galveston, Texas, United States?

This is a land parcel located in Galveston, Texas. The property is situated in an established neighborhood with convenient access to local amenities and services.