Property profile

20801 Gulf Fwy Webster, TX 77598

FOR LEASE
Strip malls
Property ID
US83-3729752
96,516 SF 10.76 ac lot Built 1989
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction CONCRETE BLOCKS
Total area 96,516 SF
Lot 10.76 ac (468,706 SF)
APN 1166900000001
UPID US83-3729752

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Tanning Salon
  • Specialty Food Shop (Bike/Boat/Book/etc) Store
  • Furniture & Home Goods
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store

Location

20801 Gulf Fwy Webster, TX 77598
Webster metro Census 341201 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.53M
Blend (final) Blend
$1.29M

Owner & transaction history

since 2015
6 recorded transactions
2015
Price N/A
2005
Price N/A
2004
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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