Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1509 Broadway St Pearland, TX 77581

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,243 SF freestanding retail building on 1.4897 acres.

    Property size:
    4,243 SF
    Lot size:
    1.46 Acres

    Property Features for 1509 Broadway St

    General Information

    Size
    4,243 SF
    Lot size
    1.46 Acres

    We can help!

    Listing Contact
    Rebecca Le
    Rebecca Le
    Source: Moodyscre

    Listing Agent: Rebecca Le

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Freestanding Retail Building For Lease

    This is a freestanding 4,243-SF building situated on 1.4897 acres. The property benefits from its location across from The Home Depot, Walmart, and Chick-fil-A. An existing monument sign is present. The site offers cross access with Walgreens and other retailers. Located in a high-traffic area, the intersection sees approximately 55,000 vehicles per day. The property features 170 feet of frontage on Broadway Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chase Bank Bank

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2298895
    Latitude
    29.5470297

    Nearby Similar for Lease

    • $27 SF/Yr
      13,800 SF

      Retail and Professional Destination

      Prime location with versatile spaces for retail and professional use.
      8535 Broadway St, Pearland, TX 77584
      View Details
    • Contact for pricing
      2,543 SF

      Pearland Medical Office Sublease

      Turnkey pediatric clinic sublease in Pearland's medical corridor.
      1416 East Broadway St, Pearland, TX 77581
      View Details
    • Contact for pricing
      4,160 SF

      Retail Center on Broadway Street

      Retail center with medical end cap and former pharmacy space.
      3525 E Broadway St, Pearland, TX 77581
      View Details
    • $2 SF/Yr
      2,800 SF

      Retail Space Near Shadow Creek

      Retail space for lease near Shadow Creek Ranch community.
      11901 Shadow Creek Pkwy, Pearland, TX 77584
      View Details
    • Contact for pricing
      74,469 SF

      Pearland Retail Development Opportunity

      New retail and pad sites available Q4 2026.
      8900 Broadway St, Pearland, TX 77584
      View Details
    • $22 SF/Yr
      1,200 SF

      Modern Office Space in Pearland

      Upscale office space near highways, shopping, and medical facilities.
      2743 Smith Ranch Rd, Pearland, TX 77584
      View Details
    • Contact for pricing
      14,789 SF

      Sedona Lakes Plaza Retail Space

      Manvel retail space, multiple tenants, high growth area.
      10237 Bailey Rd, Pearland, TX 77584
      View Details
    • $13 SF/Yr
      8,250 SF

      Manvel Road Industrial Property

      8,250 SF Flex Space, Pearland, TX
      3222 Manvel Rd, Pearland, TX 77584
      View Details
    • $135 SF/Yr
      9,000 SF

      Pearland Warehouse: Prime Location

      9,000 SF Warehouse, High Traffic Area
      3221 Main St, Pearland, TX 77581
      View Details
    • $24 SF/Yr
      23,504 SF

      Kirby Drive Retail Center

      Pearland, TX Retail Space Available
      3695 Kirby Dr, Pearland, TX 77584
      View Details
    • $30 SF/Yr
      4,330 SF

      Shadow Creek Parkway Retail Space

      Pearland, TX: Three Retail Suites Available
      11601 Shadow Creek Pkwy, Pearland, TX 77584
      View Details
    • Contact for pricing
      10,500 SF

      Pearland Central Plaza Office Space

      Prime Pearland Office & Retail Space Available
      1921 Main St, Pearland, TX 77581
      View Details

    FAQs

    What type of property is this?
    Storefront property - 4,243 SF freestanding retail building on 1.4897 acres.
    Where is this storefront property located?
    The property is located at 1509 Broadway St Pearland, TX.
    What are key features of this property?
    This property features: - High traffic area with approximately 55K VPD at the intersection.; - Freestanding **4,243-SF building on 1.4897 acres.**; - Across from The Home Depot, Walmart, & Chick-fil-A.
    (281) 477-4300
    Request Owner's contact information
    1509 Broadway St Pearland, TX 77581
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1509 Broadway St
    Pearland, TX 77581
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1509 Broadway St Pearland, TX 77581
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rebecca Le
    Rebecca Le
    (281) 477-4300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.