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    20801 Gulf Fwy Webster, TX 77598

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    20801 Gulf Fwy Webster, TX 77598

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    • Strip malls
    • 96,516 SF
    • 10.76 lot acres
    For Lease
    $1,290,000
    View Listing →
    Retail Space Near Baybrook Mall For Lease
    $1,290,000

    Retail Space Near Baybrook Mall

    Retail spaces available near major entertainment and shopping destinations.

    20801 Gulf Fwy, Webster, TX 77598
    View Listing
    Property ID
    US83-3729752
    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
    $1,290,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 20801 Gulf Fwy

    Year built
    1989
    Construction
    CONCRETE BLOCKS
    Lot size
    10.76 lot acres
    Property size
    96,516 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1166900000001
    APU
    1166900000001

    Description

    Bayway Village II, a 136,505 square foot shopping center in Harris County, offers multiple tenancy opportunities. Built in 1989 and renovated in 2012, this property boasts 20 suites and enjoys exceptional visibility due to its location adjacent to popular entertainment venues including Cinemark, Main Event, Top Golf, and Chicken n Pickle. The center benefits from its proximity to Baybrook Mall, a major regional draw attracting over 13.5 million annual visitors. Bayway Village II itself sees over 1.1 million annual visits, demonstrating strong existing traffic and potential for future growth. The property features a mix of big-box and second-generation spaces available for lease, providing flexibility for various retail concepts. With the anticipated opening of Great Wolf Lodge in Q2 2024, the area is poised for further development and increased foot traffic, making this a prime investment opportunity for businesses seeking high visibility and a strong customer base. The property's established tenant mix and strategic location create a compelling opportunity for businesses looking to thrive in a vibrant retail environment. The combination of existing traffic and future development potential makes Bayway Village II an attractive option for discerning investors and retailers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,050,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,533,000
      Market price range: $954k - $3.08M

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Harris
    State
    Texas
    Longitude
    -95.127
    Latitude
    29.5273
    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
    $94,365
    $3,749,640
    $7,579,610
    $11,329,250
    -
    $3,749,640
    $7,579,610
    $11,329,250

    Comparable in this City

    • Value Estimation
      $670,000
      64,165 SF

      3100 Fm 528th Rd

      SHOPPING CENTER, STRIP CENTER • 64,165 SF
      3100 Fm 528th Rd, Webster, TX 77598-4508
      View Details
    • Value Estimation by Request
      7,040 SF

      930 Bay Area Blvd

      SHOPPING CENTER, STRIP CENTER • 7,040 SF
      930 Bay Area Blvd, Webster, TX 77598-4048
      View Details
    • Value Estimation
      $645,000
      30,919 SF

      209 Nasa Pkwy

      SHOPPING CENTER, STRIP CENTER • 30,919 SF
      209 Nasa Pkwy, Webster, TX 77598-5310
      View Details
    • Value Estimation by Request
      17,820 SF

      400 Bay Area Blvd

      SHOPPING CENTER, STRIP CENTER • 17,820 SF
      400 Bay Area Blvd, Webster, TX 77598-4134
      View Details
    • Value Estimation by Request
      16,800 SF

      435 El Dorado Blvd

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      435 El Dorado Blvd, Webster, TX 77598-2304
      View Details
    • Value Estimation
      $585,000
      40,246 SF

      1201 Nasa Pkwy

      SHOPPING CENTER, STRIP CENTER • 40,246 SF
      1201 Nasa Pkwy, Webster, TX 77598-4935
      View Details

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      42,000 SF Clear Lake Center

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      Retail Space Near Baybrook Mall

      Retail spaces available near major entertainment and shopping destinations.
      20801 Gulf Fwy, Webster, TX 77598
      View Details
    • Contact for pricing

      Baybrook Area Shopping Center Space

      363,830 SF shopping center fronting I-45 in Webster, Texas.
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      Webster Pointe Retail Center For Lease

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      1,513 SF

      Retail Space in Webster, Texas

      Retail space with high daytime population and great access.
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      View Details
    View Listing
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    Webster, TX 77598
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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.

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    20801 Gulf Fwy, Webster, TX, 77598

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