Stabilized Retail Asset For
For Sale
Contact for pricing
2215 Rollingbrook Dr, Baytown, TX 77521
Fully occupied retail center with strong tenant base and location.
Property Size10,070 SF
Price / SF$332.67
Days on Market223
Property Features for 2215 Rollingbrook Dr
General Information
Standard status
Active
Size
10,070 SF
Property subtype
Retail
Occupancy
84%
Lease Type
Gross
Net Operating Income
$172,788
Building Details
Year Built
2016
Buildings
1
Stories
1
Units
6
Listing Agency:
Meridian Investment Realty
Listed By:
Matthew Thude · License #TX 830109
Source:
Crexi
Added: Feb 17
Changed: Sep 18
Last Checked: Sep 28 at 7:06AM
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 Meridian Investment Realty
Investment Insights
Based on property information with market context.
The Center of Rollingbrook, situated at 2215 Rollingbrook, is a stabilized neighborhood retail asset. The property is 100% occupied and features a strong tenant base. Its location is surrounded by residential homes and multi-family properties. The property is strategically positioned between Exxon Mobile and Houston Methodist Hospital. The property size is 10070 square feet.
Key Highlights
- 100% Occupied with a Strong Tenant Base
- Excellent Location Surrounded by Residential Homes and Multi‑Family Properties
- Strategically Positioned Between Exxon Mobile and Houston Methodist Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,393,000
$2.4M
Cap Rate 7%
$1,709,286
$1.7M
Cap Rate 9%
$1,329,444
$1.3M
Market Conditions
NOI Build-Up for 10,070 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$181.3K $18.00/SF
− Vacancy
−$10.3K −$1.03/SF
EGI
$170.9K $16.97/SF
− OpEx
−$51.3K −$5.09/SF
NOI
$119.6K $11.88/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,393,000
Cap Rate 7%
$1,709,286
Cap Rate 9%
$1,329,444
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $1.99M
NOI $119,650 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,474 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
11,739 visits/mo
0.5 miles
Mobil
Shops & Services
2,360 visits/mo
0.1 miles
Demographics for 77521, TX
65,058
Population
25,131
Households
2.6
Avg Household Size
33
Median Age
18%
College-Educated
82%
High-School Grad
49.3 sq mi
ZIP Area
1,320
Density / Sq Mi
$76,012
Median Household Income
$45,522
Median Earnings
$1,312
Median Rent
$220,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Baytown Shopping Center — 3407-3517 Garth Rd, Baytown, TX 77521
- Rollingbrook Plaza — 3614 Garth Rd, Baytown, TX 77521
- Coinstar Kiosk — h.e.b., 3500 garth road, baytown, tx 77521
- Coinstar Kiosk | Bitcoin ATM — 3500 Garth Rd H.E.B, Baytown, TX 77521
- Coinstar Kiosk | Bitcoin ATM — Food Town, 3002 W Baker Rd, Baytown, TX 77521
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with strong tenant base and location.
Where is this shopping center located?
The property is located at 2215 Rollingbrook Dr Baytown, TX.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 100% Occupied with a Strong Tenant Base; Excellent Location Surrounded by Residential Homes and Multi‑Family Properties; Strategically Positioned Between Exxon Mobile and Houston Methodist Hospital
