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    Property profile & analytics

    3100 Nasa Rd 1 Seabrook, TX 77586

    • Retail properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3100 Nasa Rd 1

    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    Pelican Plaza offers exceptional retail space in the thriving Seabrook, Texas market. Located at 3100 NASA Road 1, this multi-tenant property boasts excellent visibility and accessibility, situated directly across from the future Margaritaville Resort, a 334-room luxury development. Four spaces are currently available, ranging in size from 1,257 square feet to 6,750 square feet, providing flexibility for various business needs. The property benefits from its prime location on NASA Road 1, a high-traffic thoroughfare ensuring strong customer visibility and convenient access. Seabrook's robust retail and restaurant sales, coupled with ongoing development and redevelopment projects, create a dynamic and promising environment for businesses. This regional center presents a unique opportunity to establish or expand a business within a rapidly growing and attractive market in Harris County, Texas, zip code 77586. The property's strategic location and the anticipated influx of visitors from the nearby Margaritaville Resort promise significant growth potential. This is an ideal location for businesses seeking high visibility and strong foot traffic in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seabrook
    County
    Harris
    State
    Texas
    Longitude
    -95.0408
    Latitude
    29.5617

    Comparable in this City

    • Value Estimation by Request
      39,260 SF

      3101 Nasa Rd

      Restaurants • 39,260 SF
      3101 Nasa Rd, Seabrook, TX 77586
      View Details
    • Value Estimation
      $340,000
      6,528 SF

      2515 Nasa Pkwy

      RESTAURANT • 6,528 SF
      2515 Nasa Pkwy, Seabrook, TX 77586-3479
      View Details
    • Value Estimation
      $270,000
      8,715 SF

      1818 Nasa Pkwy

      RESTAURANT • 8,715 SF
      1818 Nasa Pkwy, Seabrook, TX 77586-3416
      View Details
    • Value Estimation
      $470,000
      9,001 SF

      409 Todville Rd

      RESTAURANT • 9,001 SF
      409 Todville Rd, Seabrook, TX 77586-3904
      View Details
    • Value Estimation by Request
      2,530 SF

      101 Bath

      RESTAURANT • 2,530 SF
      101 Bath, Seabrook, TX 77586-3934
      View Details
    • Value Estimation by Request
      2,275 SF

      2119 Bayport Blvd

      RESTAURANT • 2,275 SF
      2119 Bayport Blvd, Seabrook, TX 77586-2810
      View Details

    Similar Nearby for Sale

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      Seabrook Commercial Land - Hwy 146

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    • Contact for pricing
      6.20 Acres

      Seabrook Mixed-Use Development

      6.2 Acres, Waterfront, Redevelopment Potential
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      7.60 Acres

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    • $969,210
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      Seabrook Commercial Land - Prime Location

      0.84-acre commercial lot, excellent investment.
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      11.07 Acres

      Seabrook Plaza Waterfront Land

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Seabrook Plaza Retail Space Available

      Prime Seabrook retail/office space, 8,521 SF available.
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      Retail/Office Space in Old Seabrook

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    • $18 SF/Yr
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      Seabrook Office Space for Lease

      Prime Seabrook Office Suites Available
      3101 Nasa Rd 1, Seabrook, TX 77586
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    • Contact for pricing
      14,307 SF

      Seabrook Retail Center: Prime Location

      Four retail spaces available, high-traffic area.
      3100 Nasa Rd 1, Seabrook, TX 77586
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    • $5,500 /Mo

      Seabrook Yard for Lease

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      Highway Frontage Pad Site Available

      0.84 acre pad site with high traffic visibility.
      1408 Bayport Blvd, Seabrook, TX 77586
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    3100 Nasa Rd 1
    Seabrook, TX 77586
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    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
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