Bay Colony Center Shopping
660-688 FM 517 West, Dickinson, TX 77539
For Sale
Contact for pricing
A 2006-built center with restaurant, healthcare, and personal-service businesses and 91% occupancy.
Property Size16,524 SF
Price / SF$251.15
Days on Market40
Property Features for 660-688 FM 517 West
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Anchor Co-Tenants
Traffic Count
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
DMC Real Estate
Listed By:
Simon Asef · License #CA 01726727
(818) 761-4252
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 3:20PM
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 DMC Real Estate
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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.
Bay Colony Center is a 16,524-square-foot neighborhood shopping center at 660–688 FM 517 West in Dickinson. Constructed in 2006, the property is 91% occupied and brings together restaurant, healthcare, personal-care, and service businesses. WellNow Healthcare is among the tenants, alongside Los Ramirez Restaurant, Donald's Donuts, Chloe Nails, and Auro Physical Therapy. Most tenants have occupied the center for more than 14 years.
The property fronts FM 517, where traffic counts are approximately 23,937 vehicles per day. Its trade area includes approximately 112,768 residents within five miles, and the center is within the Houston metropolitan area.
The property fronts FM 517, where traffic counts are approximately 23,937 vehicles per day. Its trade area includes approximately 112,768 residents within five miles, and the center is within the Houston metropolitan area.
Key Highlights
- 16,524‑square‑foot neighborhood shopping center
- 91% occupancy
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,513
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,450,260
$4.5M
Cap Rate 7%
$3,178,757
$3.2M
Cap Rate 9%
$2,472,367
$2.5M
Market Conditions
NOI Build-Up for 16,524 SF
Gross rent
$337.1K $20.40/SF
− Vacancy
−$19.2K −$1.16/SF
EGI
$317.9K $19.24/SF
− OpEx
−$95.4K −$5.77/SF
NOI
$222.5K $13.47/SF
Area
Galveston County, TX
Vacancy
5.70%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,450,260
Cap Rate 7%
$3,178,757
Cap Rate 9%
$2,472,367
Alternative Uses
Best Use
Retail
$3.18M
$2.78M – $3.71M
NOI $222,513 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.21M
$3.69M – $4.91M
NOI $294,824 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
23,937 VPD
Traffic count
91%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
142k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 25%
Groceries 24%
Apparel 10%
Kroger
Groceries
34,519 visits/mo
0.5 miles
McDonald's
Dining
32,967 visits/mo
0.4 miles
Boot Barn
Apparel
14,550 visits/mo
0.3 miles
Taco Bell
Dining
12,666 visits/mo
0.5 miles
Shell
Shops & Services
12,036 visits/mo
0.4 miles
Demographics for 77539, TX
48,183
Population
18,725
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
84%
High-School Grad
48.4 sq mi
ZIP Area
996
Density / Sq Mi
$85,263
Median Household Income
$49,580
Median Earnings
$1,370
Median Rent
$246,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - A 2006-built center with restaurant, healthcare, and personal-service businesses and 91% occupancy.
Where is this shopping center located?
The property is located at 660-688 FM 517 West Dickinson, TX.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: 16,524‑square‑foot neighborhood shopping center; 91% occupancy; Built in 2006
