Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    5100-5120 Pine Island Rd Bokeelia, FL 33922

    Sponsored
    For Sale
    Contact for pricing

    1,798 SF, 2nd Gen Retail, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This ±1,798 square foot retail space, built in 2017, is ideally situated in Baytown, Texas, offering a prime location for a variety of businesses. The property is a single-tenant, second-generation space, providing immediate occupancy. Its strategic location within the Baytown Center, alongside established anchors like Burlington and Planet Fitness, ensures high visibility and foot traffic. A significant advantage is its proximity to a high-volume H-E-B grocery store, attracting over 2.5 million annual visitors. The intersection of Garth Road and Hunt Road boasts over 36,000 cars per day, providing exceptional exposure to potential customers. This property presents a unique opportunity to establish a thriving business in a bustling commercial area. The building's 1,798 square feet offer ample space for various retail configurations. The property is located in Harris County and benefits from the strong retail environment of the Baytown Center. This second-generation space is ready for immediate occupancy, allowing for a quick start to operations. The high traffic count and proximity to major retailers make this an exceptional investment opportunity. Don't miss out on this chance to secure a prime retail location in a thriving Baytown commercial center.

    Property Features for 5100-5120 Pine Island Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    49,223 SF

    We can help!

    Listing Contact
    Michael Concilla
    Michael Concilla

    Learn more

    HighLights

    • ±12,267 square foot retail building available for lease in Baytown, TX.
    • 1,798 square foot, second‑generation retail space available.
    • Located in Baytown Center, near Burlington and Planet Fitness.
    • Excellent visibility; kitty‑corner to a high‑traffic H‑E‑B grocery store (over 2.5 million annual visits).
    • High traffic count: over 36,000 cars per day at the Garth Rd and Hunt Rd intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bokeelia
    County
    Lee
    State
    Florida
    Longitude
    -82.1198124
    Latitude
    26.6139087

    Nearby Similar for Sale

    • $250,000
      0.25 Acres

      Waterfront Lot in Charlotte Shores

      Waterfront lot with Gulf access in desirable Bokeelia.
      5643 Ann Arbor Dr, Bokeelia, FL 33922
      View Details
    • $3,295,000
      1.24 Acres

      Pine Island Retail Investment Opportunity

      Retail bays in established shopping center, excellent investment potential.
      5110-5120 Pine Island Rd NW, Bokeelia, FL 33922
      View Details
    • $625,000
      0.35 Acres

      Waterfront Duplex with Boat Lift

      Updated waterfront duplex with pool, boat lift, and RV garage.
      5251-5253 Serenity Cv, Bokeelia, FL 33922
      View Details
    • $320,000
      2.62 Acres

      Pine Island Horse Property

      2.56 acre horse property with stellar improvements near waterfront.
      13300 Morningstar Ln, Bokeelia, FL 33922
      View Details
    • $120,000
      0.07 Acres

      Bokeelia, FL Land in Co-Op

      Land in 55+ Co-Op with water access and amenities.
      16978 Captains Dr, Bokeelia, FL 33922
      View Details
    • $250,000
      0.33 Acres

      Cleared Canal Front Lot

      Cleared canal front lot with Gulf access and updated boatlift.
      5414 Martin Cv, Bokeelia, FL 33922
      View Details
    • $198,000
      0.09 Acres

      Cleared Gulf Access Lot

      Cleared Gulf access lot in Bokeelia, a boater's paradise.
      16160 Tortuga St, Bokeelia, FL 33922
      View Details
    • $849,900
      0.68 Acres

      Bokeelia Commercial Property with Restaurant

      Five-unit commercial property with restaurant potential in Bokeelia, Florida.
      7573 Raymary St, Bokeelia, FL 33922
      View Details
    • $399,000
      0.23 Acres

      Charming Duplex on Pine Island

      Duplex in prime location, great investment or owner-occupancy opportunity.
      5548/5550 Birdsong Ln, Bokeelia, FL 33922
      View Details
    • $399,000
      0.23 Acres

      Duplex in Picturesque Pine Island

      Charming duplex offers investment opportunity in tranquil Pine Island.
      5613/5615 Birdsong Ln, Bokeelia, FL 33922
      View Details
    • $315,000
      0.10 Acres

      Waterfront Property Ready to Build

      Waterfront property with seawall ready for your dream home!
      16281 Porto Bello St, Bokeelia, FL 33922
      View Details
    • $890,400
      12.72 Acres

      Agricultural Land on Stringfellow Road

      12.72 acre agricultural parcel in Bokeelia with seller financing.
      15901 Stringfellow Rd, Bokeelia, FL 33922
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - 1,798 SF, 2nd Gen Retail, High Traffic
    Where is this lifestyle center located?
    The property is located at 5100-5120 Pine Island Rd Bokeelia, FL.
    What are key features of this property?
    This property features: ±12,267 square foot retail building available for lease in Baytown, TX.; 1,798 square foot, second-generation retail space available.; Located in Baytown Center, near Burlington and Planet Fitness.
    Request Owner's contact information
    5100-5120 Pine Island Rd Bokeelia, FL 33922
    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.
    5100-5120 Pine Island Rd
    Bokeelia, FL 33922
    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
    5100-5120 Pine Island Rd Bokeelia, FL 33922
    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

    We can help!
    Listing Contact
    Michael Concilla
    Michael Concilla
    Real Estate License ID: FL 3224659
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.