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    Property profile & analytics

    391 Columbia Memorial Pkwy Kemah, TX 77565

    • Commercial real estate
    • 22,108 SF
    • 1.98 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $740,000
    Last Sale
    May 26, 2020
    Location Intelligence
    Property ID
    US82-2006917
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • With Love Pet Grooming / Pet Groomer
    • Bay Area Family Dentistry / Dentist
    • Blizzful Illuzienz One Stop Hair Shop / Barber Shop

    Property Details for 391 Columbia Memorial Pkwy

    Year built
    2007
    Lot size
    1.98 lot acres
    Property size
    22,108 SF
    Property type
    Commercial real estate
    APN
    2759-0001-0005-000
    APU
    275900010005000

    Description

    This exceptional retail property, located at 391 Columbia Memorial Pkwy in Kemah, Texas, 77565, offers a fantastic opportunity for businesses seeking a vibrant and accessible location. The single-story, 7,200 square foot building, constructed in 2007 and renovated in 2023, boasts a Class B rating and is conveniently situated near major thoroughfares like FM 518 and League City Parkway. Multiple tenancy options are available, with spaces ranging from a minimum of 1,831 square feet to a maximum contiguous space of 2,332 square feet. Currently, 4,163 square feet is vacant and ready for immediate occupancy. The property features prominent pylon signage, ensuring high visibility for your business. Ample parking is provided for customers and employees. The building is equipped with 3-phase power, accommodating a variety of retail, office, or other commercial uses with minimal modifications needed. This is an ideal location for businesses seeking high traffic and easy access in the thriving Kemah market. The property's recent renovation ensures modern amenities and a move-in ready condition. Don't miss this chance to secure your space in this prime retail center.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,120,000
      6.5%
      $1,070,000
      7%
      $1,125,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $890,000
      Geo Method
      $900,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $895,000
      Retail
      $1,055,000
      Mixed-Use
      $810,000
      Hospitality
      $945,000
      Educational
      $880,000
      Residential Income
      $1,100,000
      Energy
      $1,005,000
      Income-Based Land
      $1,130,000
      Food Service
      $965,000

    Location Insight

    • Map
    • Local Demand
    City
    Kemah
    County
    Galveston
    State
    Texas
    Longitude
    -95.0375
    Latitude
    29.5252
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $7,164
    $345,160
    $815,640
    $1,160,800
    -
    $345,160
    $815,640
    $1,160,800

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    Similar Nearby for Lease

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      Centrally located retail space with pylon signage and parking.
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    Kemah, TX 77565
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    Realmo Value Estimation

    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.

    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.

    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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