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    1522 Bay Area Blvd Friendswood, TX 77546
    Property profile & analytics

    1522 Bay Area Blvd Friendswood, TX 77546

    View on Map
    • Strip malls
    • 13,804 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US82-4240458
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1522 Bay Area Blvd

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Property size
    13,804 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1128020000007
    APU
    1128020000007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Friendswood
    County
    Harris
    State
    Texas
    Longitude
    -95.149
    Latitude
    29.5389
    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
    2022
    $20,169
    $1,382,850
    $498,183
    $1,881,033
    -
    $1,382,850
    $498,183
    $1,881,033

    Comparable in this City

    • Value Estimation
      $575,000
      22,416 SF

      2525 Bay Area Blvd

      SHOPPING CENTER, STRIP CENTER • 22,416 SF
      2525 Bay Area Blvd, Friendswood, TX 77546-2658
      View Details
    • Value Estimation by Request
      8,860 SF

      5103 Fm 2351st Rd

      SHOPPING CENTER, STRIP CENTER • 8,860 SF
      5103 Fm 2351st Rd, Friendswood, TX 77546-2809
      View Details
    • Value Estimation
      $1,155,000
      41,010 SF

      3700 Fm 528th Rd

      SHOPPING CENTER, STRIP CENTER • 41,010 SF
      3700 Fm 528th Rd, Friendswood, TX 77546-5041
      View Details
    • Value Estimation by Request
      14,250 SF

      15825 Hope Vlg Rd

      SHOPPING CENTER, STRIP CENTER • 14,250 SF
      15825 Hope Vlg Rd, Friendswood, TX 77546-2479
      View Details
    • Value Estimation by Request
      16,650 SF

      19010 Gulf Fwy

      SHOPPING CENTER, STRIP CENTER • 16,650 SF
      19010 Gulf Fwy, Friendswood, TX 77546-2703
      View Details
    • Value Estimation by Request
      6,222 SF

      2114 El Dorado Blvd

      SHOPPING CENTER, STRIP CENTER • 6,222 SF
      2114 El Dorado Blvd, Friendswood, TX 77546-6505
      View Details

    Similar Nearby for Sale

    • $5,500,000

      Friendswood Retail Investment Opportunity

      100% occupied, net-leased retail center in Friendswood, Texas.
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    • $5,500,000

      Friendswood Retail Center Investment

      100% occupied, net-leased retail investment property in Friendswood, Texas.
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      14,000 SF

      Friendswood Retail Space For Sale

      Retail space available for purchase in Friendswood, Texas.
      4321 Friendswood Link Rd, Friendswood, TX 77546
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    • $130,000

      Cleared Lot For Sale

      Cleared lot available for sale.
      5131 Shady Oaks Ln, Friendswood, TX 77546
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    • $120,000

      Spacious Corner Lot in Friendswood

      Large corner lot in Heritage Estates, ideal for custom home.
      501 Colonial Dr, Friendswood, TX 77546
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    • Contact for pricing

      29.37 Acre Friendswood Site

      29.37-acre site in Friendswood, retail and industrial zoning.
      Fm 2351 Rd, Friendswood, TX 77546
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,600 SF

      Friendswood Retail and Restaurant Spaces

      Retail, specialty, and restaurant spaces in Friendswood, Texas.
      104 W Parkwood Ave, Friendswood, TX 77546
      View Details
    • Contact for pricing
      123,758 SF

      Kroger-Anchored Retail and Medical Spaces

      Move-in ready spaces in high-traffic location near planned residential development.
      3141 Fm 528 Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing

      New Retail Space Available

      New construction retail space for lease in Friendswood, Texas.
      2114 El Dorado Blvd, Friendswood, TX 77546
      View Details
    • Contact for pricing
      19,445 SF

      Retail Space in Friendswood, TX

      Retail space available for lease in Friendswood, Texas.
      3723 Fm 528 Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Mixed-Use Development in Friendswood, TX

      106-acre development with retail, office, hotel, and apartments.
      4000 Fm 528 Rd, Friendswood, TX 77546
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Friendswood, Texas.
      3141 Fm 528 Rd, Friendswood, TX 77546
      View Details
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    Friendswood, TX 77546
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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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    1522 Bay Area Blvd, Friendswood, TX, 77546
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