Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    218-248 S Egret Bay Boulevard League City, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available at major intersection in East League City.

    Type:RETAIL
    Property size:
    1,400 SF
    Lot size:
    8.19 Acres
    Added:
    Sep 19, 2024
    Days on Market:
    583
    Last Refresh:
    Apr 5 at 8:24 pm

    Property Features for 218-248 S Egret Bay Boulevard

    General Information

    Standard status
    Active
    Size
    1,400 SF
    Lot size
    8.19 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 218-248 S Egret Bay Boulevard Contact us

    We can help!

    Listing Contact
    Eric Broussard
    Eric Broussard

    Listing agent Eric Broussard License #TX717266

    Listing office RESOLUT RE - Houston

    Listing date Sep 19, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RESOLUT RE - Houston

    Overview

    Retail Space in League City

    This retail space is located at a major intersection in East League City, specifically at the hub of a commuter corridor where Main Street intersects with FM270 (Egret Bay Blvd) and Marina Bay Drive. The property is in close proximity to the NASA Bypass and Kemah. It is highly accessible, featuring multiple entrances, including two from S. Egret Bay Blvd and two from Main Street. The surrounding area is a growing professional suburb. Multiple pylons are in place, providing tenants with superior street visibility. The property size is 1400 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    League City
    County
    Galveston
    State
    Texas
    Longitude
    -95.0756
    Latitude
    29.5198

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      South Shore

      2600 Shores Blvd, Unit 300, League City, TX 77573
      View Details
    • $20 SF/Yr

      Professional/Medical Office Space Available

      Two-story office building near Gulf Freeway and UTMB Health.
      1455 FM 646 West, League City, TX 77573
      View Details
    • $24 SF/Yr

      Office/Retail Space on High-Traffic Road

      Versatile space suitable for office or retail use.
      549 Egret Bay Boulevard, League City, TX 77573
      View Details
    • $15 SF/Yr

      Medical Office Space For Rent

      Professional Center at South Shore Harbour, League City, TX
      3023 Marina Bay Dr -Ste 205, League City, TX 77573
      View Details
    • $24 SF/Yr

      High-Visibility Retail and Flex Space

      Newly built 10,000 SF retail/flex space with freeway visibility.
      2403 Gulf Freeway S, League City, TX
      View Details
    • Contact for pricing

      Retail Center with Drive-Thru Access

      Retail center with drive-thru access in League City, TX.
      4414 W Main St., League City, TX 77573
      View Details
    • Contact for pricing

      Retail Space in League City

      Retail space in affluent South Shore Harbour community, League City.
      2660 MARINA BAY DR, League City, TX 77573
      View Details
    • Contact for pricing

      Retail Space in League City

      Retail space in affluent South Shore Harbour community, League City.
      2700 MARINA BAY DR, League City, TX 77573
      View Details
    • Contact for pricing

      Medical Office Complex For Rent

      Three-building medical office complex near South Shore Harbour Resort.
      3033 Marina Bay Dr League, City, TX 77573
      View Details
    • $32 SF/Yr

      Retail Space Near Tuscan Lakes

      Retail space located near a master-planned community and logistic center.
      1357 E. League City Pkwy, League City, TX
      View Details
    • Contact for pricing

      League City Commercial Space

      Commercial space available for rent in League City, Texas.
      218 - 248 S Egret Bay Boulevard, League City, TX 77573
      View Details
    • Contact for pricing

      Retail Space on Main Street

      Retail space available for lease on Main Street.
      2450 E. Main St, League City, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available at major intersection in East League City.
    Where is this retail space located?
    The property is located at 218-248 S Egret Bay Boulevard League City, TX.
    What are key features of this property?
    This property features: Highly accessible location with multiple entrances from two major streets (S. Egret Bay Blvd and Main Street).; Major intersection in East League City at the hub of a commuter corridor (Main Street, FM270/Egret Bay Blvd, and Marina Bay Drive).; Superior street visibility for tenants due to multiple pylons.
    (832) 492-5155 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eric Broussard
    Eric Broussard
    Real Estate License ID: TX717266
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!