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    Property profile & analytics

    5100-5120 Pine Island Rd Bokeelia, FL 33922

    • Lifestyle centers
    • 1.13 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 5100-5120 Pine Island Rd

    Lot size
    1.13 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bokeelia
    County
    Lee
    State
    Florida
    Longitude
    -82.1198
    Latitude
    26.6139

    Comparable in this City

    • Value Estimation
      $215,000
      784 SF

      5261 Pne Is NW Rd

      SHOPPING CENTER, STRIP CENTER • 784 SF
      5261 Pne Is NW Rd, Bokeelia, FL 33922-3278
      View Details
    • Value Estimation
      $410,000
      6,668 SF

      10700 Stringfellow Rd

      SHOPPING CENTER, STRIP CENTER • 6,668 SF
      10700 Stringfellow Rd, Bokeelia, FL 33922-3232
      View Details
    • Value Estimation
      $285,000
      3,600 SF

      7573 Raymary St

      SHOPPING CENTER, STRIP CENTER • 3,600 SF
      7573 Raymary St, Bokeelia, FL 33922-1900
      View Details
    • Value Estimation by Request
      9.09 Acres

      14344 Harbor Dr

      Land • 9.09 Acres
      14344 Harbor Dr, Bokeelia, FL 33922
      View Details
    • Value Estimation by Request
      0.61 Acres

      5585 Avenue D

      Land • 0.61 Acres
      5585 Avenue D, Bokeelia, FL 33922
      View Details
    • Value Estimation by Request
      1.24 Acres

      5110-5120 Pine Island Rd

      Land • 1.24 Acres
      5110-5120 Pine Island Rd, Bokeelia, FL 33922
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.13 Acres

      Baytown Retail Space for Lease

      1,798 SF, 2nd Gen Retail, High Traffic
      5100-5120 Pine Island Rd, Bokeelia, FL 33922
      View Details
    • $1,500,000
      0.87 Acres

      Bokeelia Commercial Land

      Prime C-1 zoned land, development potential.
      10502 Stringfellow Rd, Bokeelia, FL 33922
      View Details
    • $3,295,000
      1.24 Acres

      Bokeelia Commercial Building - Prime Location

      7000 sq ft addition to Publix; excellent investment.
      5110-5120 Pine Island Rd, Bokeelia, FL 33922
      View Details
    • $3,295,000
      1.24 Acres

      a washroom

      wash tub & drinking fountain. Dr Watson Liquors is leasing the 2 bays closest to Publix the other 3 are vacant and are offered as gray boxes. The sprinkler system is complete but the heads will require adjustment depending on type of ceiling. The A\/C units are on roof but need duct work. Front door for customers
      5110-5120 Pine Island Rd, Bokeelia, FL 33922
      View Details
    • $849,900
      5,190 SF

      Bokeelia Retail Center - Prime Location

      Five-unit commercial property, high potential.
      7573 Raymary St, Bokeelia, FL 33922
      View Details
    • $499,900
      0.75 Acres

      Bokeelia Commercial Land - Prime Location

      Rare 0.75-acre retail site, ideal for development.
      5657 Pine Island Rd, Bokeelia, FL 33922
      View Details
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    Bokeelia, FL 33922
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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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