Open-Air Shopping
New
For Sale
$3,650,000
4408 7th Street, Bay City, TX 77414
The fully occupied center combines medical, financial, fitness, and national retail tenants in an open-air format.
Property Size20,800 SF
Price / SF$175.48
Days on Market2
Property Features for 4408 7th Street
General Information
Standard status
Active
Size
20,800 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
29,900 vehicles/day
Building Details
Building Size
20,800 SF
Tenancy
Multi
Listing Agency:
Reid Peevey Commercial
Listed By:
Randy Reid · License #333073
(254) 709-0456
Source:
Reidpeevey
Added: Oct 19
Last Checked: Oct 19 at 2:34PM
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 Reid Peevey Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,800-square-foot open-air shopping center is fully occupied, with a tenant mix spanning medical services, financial businesses, fitness, and national retail. Its tenant composition brings several types of commercial activity into one retail property.
The center fronts State Highway 35, also known as 7th Street, in Bay City. Reported daily traffic on the corridor ranges from 21,700+ to 29,900+ vehicles. The property is immediately adjacent to a Walmart Supercenter, placing the center beside a major retail destination.
The center fronts State Highway 35, also known as 7th Street, in Bay City. Reported daily traffic on the corridor ranges from 21,700+ to 29,900+ vehicles. The property is immediately adjacent to a Walmart Supercenter, placing the center beside a major retail destination.
Key Highlights
- 20,800‑square‑foot open‑air shopping center
- 100% occupied
- Tenant mix includes medical, financial, fitness, and national retail businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$281,741
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,634,820
$5.6M
Cap Rate 7%
$4,024,871
$4.0M
Cap Rate 9%
$3,130,456
$3.1M
Market Conditions
NOI Build-Up for 20,800 SF
Gross rent
$426.8K $20.52/SF
− Vacancy
−$24.3K −$1.17/SF
EGI
$402.5K $19.35/SF
− OpEx
−$120.7K −$5.81/SF
NOI
$281.7K $13.55/SF
Area
Matagorda County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,634,820
Cap Rate 7%
$4,024,871
Cap Rate 9%
$3,130,456
Alternative Uses
Best Use
Retail
$4.02M
$3.52M – $4.70M
NOI $281,741 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$233.20M
$204.05M – $272.07M
NOI $16,323,915 @ 7.0% cap · market cap 447.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
29,900 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
157k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 35%
Home Improvements & Furnishings 19%
Dining 15%
Shops & Services 14%
Walmart
Superstores
54,785 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
16,211 visits/mo
0.3 miles
Bealls
Apparel
10,524 visits/mo
0.4 miles
Murphy USA
Shops & Services
9,704 visits/mo
0.2 miles
TDECU
Shops & Services
9,694 visits/mo
0.3 miles
Demographics for 77414, TX
23,416
Population
12,254
Households
1.9
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
555.1 sq mi
ZIP Area
42
Density / Sq Mi
$57,545
Median Household Income
$35,819
Median Earnings
$991
Median Rent
$166,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 4600 7th St, Bay City, TX 77414
Frequently Asked Questions
What type of property is this?
Shopping center - The fully occupied center combines medical, financial, fitness, and national retail tenants in an open-air format.
Where is this shopping center located?
The property is located at 4408 7th Street Bay City, TX.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 20,800‑square‑foot open‑air shopping center; 100% occupied; Tenant mix includes medical, financial, fitness, and national retail businesses
