Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Retail Center in League Title is generated by Realmo AI

    395 Columbia Memorial Parkway, Kemah, TX 77565

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.10 SF/Yr

    Centrally located retail center with move-in ready spaces.

    Type:Retail
    Added:
    Mar 5, 2026
    Days on Market:
    75
    Last Refresh:
    Apr 6 at 1:23 am

    Property Features for 395 Columbia Memorial Parkway

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 395 Columbia Memorial Parkway Contact us

    We can help!

    Listing Contact
    Derek Hughes

    Listing agent Derek Hughes License ##492084

    Listing office Zann Commercial Brokerage

    Listing date Mar 5, 2026

    Source Zann

    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 Zann Commercial Brokerage

    HighLights

    • Recent construction (2023) retail center.
    • Centrally located in League City, TX.
    • High‑traffic location on Columbia Memorial Parkway.
    • Close proximity to League City Parkway and Highway 146.
    • Abundant parking available.
    • Move‑in ready spaces suitable for retail, office, and other uses.

    Overview

    The property at 395 Columbia Memorial Parkway is a recently constructed retail center situated in central League City, Texas. Its location is just south of FM 518 and one mile north of League City Parkway, which are the primary corridors for the area. The property features abundant parking and move-in ready spaces suitable for retail, office, and other uses. Located along Columbia Memorial Parkway, an arterial road with regular residential traffic from the surrounding communities, it is one mile from League City Parkway and less than two miles from Highway 146, the primary Texas Gulf Coast tourism, commercial, and shipping corridor. League City is characterized by excellent disposable household income, educational attainment, school districts, and population growth trends.
    Location Intelligence

    Current Use by Public Records

    Texas Commercial Concrete ... Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kemah
    County
    Galveston
    State
    Texas
    Longitude
    -95.0375
    Latitude
    29.5252

    Nearby Similar for Lease

    • $17 SF/Yr
      5,000 SF

      Marina Bay Office Space Available

      Two-story office project in South Shore Harbour area for lease.
      104 Twin Oaks Boulevard, Kemah, TX 77565
      View Details
    • $15 SF/Yr
      5,500 SF

      Furnished Restaurant, Bar, and Retail

      Fully furnished restaurant and bar space available for rent.
      605 Bradford Ave, Kemah, TX
      View Details
    • $1.25 SF/Yr
      1,380 SF

      Retail Space in League City

      Centrally located retail space with pylon signage and parking.
      395 Columbia Memorial Parkway, Kemah, TX
      View Details
    • $1.25 SF/Yr

      Retail Space in League City

      Centrally located retail space with pylon signage and ample parking.
      391 Columbia Memorial Pkwy, Kemah, TX 77565
      View Details
    • Contact for pricing
      27,000 SF

      Fully Leased Kemah Retail Center

      27,000 SF retail center 100% leased on 2.24 AC.
      903 FM 518, Kemah, TX
      View Details
    • $48 SF/Yr
      1,848 SF

      Retail/Restaurant Space with Canopy Cover

      Retail or restaurant space with high traffic volume.
      204 FM 2094, Kemah, TX
      View Details
    • $17 SF/Yr
      1,500 SF

      Marina Bay Business Center Office

      Two-story office building in South Shore Harbour area.
      104 Twin Oaks Boulevard, Kemah, TX
      View Details
    • Contact for pricing
      6,000 SF

      Well-Maintained Flex Space Available

      Flex spaces available in thriving small-business community.
      351 Columbia Memorial Pkwy, Kemah, TX 77565
      View Details

    FAQs

    What type of property is this?
    Retail space - Centrally located retail center with move-in ready spaces.
    Where is this retail space located?
    The property is located at 395 Columbia Memorial Parkway Kemah, TX.
    What is the lease rate?
    The lease rate is $1.10 SF/Yr.
    What are key features of this property?
    This property features: Recent construction (2023) retail center.; Centrally located in League City, TX.; High‑traffic location on Columbia Memorial Parkway.
    (832) 915-2637
    We can help!
    Listing Contact
    Derek Hughes
    Real Estate License ID: #492084
    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

    Thank You for Inquiry
    395 Columbia Memorial Parkway, Kemah, TX 77565
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!