Mixed-Use Property with
For Sale
Contact for pricing
3111 S MAIN ST, Pearland, TX 77581
Existing commercial building along S. Main Street includes multiple restrooms and a concrete parking area.
Property Size4,331 SF
Lot Size1.00 Acre
Price / SF$230.89
Days on Market165
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Property Features for 3111 S MAIN ST
General Information
Standard status
Active
Size
4,331 SF
Total Parking Spaces
33
Lot size
1.00 Acre
Property subtype
Mixed Use, Special Purpose, Retail
Lease Type
Gross
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Year Renovated
2022
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Hernandez Commercial Real Estate
Listed By:
Lee R. Hernandez · License #TX 478058
837131158
Source:
Crexi
Added: May 4
Changed: Oct 7
Last Checked: Oct 14 at 10:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hernandez Commercial Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes a 4,331-square-foot building positioned on a 1-acre parcel. The improvements contain 4 restrooms, while the site provides 33 concrete parking spaces. Constructed in 1980, the property offers an established building and paved on-site parking configuration.
The address is on S. Main Street, identified in the property information as Hwy 35. The corridor is described as heavily traveled, providing a prominent street setting for the existing mixed-use improvements.
The address is on S. Main Street, identified in the property information as Hwy 35. The corridor is described as heavily traveled, providing a prominent street setting for the existing mixed-use improvements.
Key Highlights
- 4,331 SF building on a 1‑acre parcel
- 33 concrete parking spaces
- 4 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,457
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,140
$969.1K
Cap Rate 7%
$692,243
$692.2K
Cap Rate 9%
$538,411
$538.4K
Market Conditions
NOI Build-Up for 4,331 SF
Gross rent
$73.8K $17.04/SF
− Vacancy
−$4.6K −$1.06/SF
EGI
$69.2K $15.98/SF
− OpEx
−$20.8K −$4.80/SF
NOI
$48.5K $11.19/SF
Area
Pearland, TX
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,140
Cap Rate 7%
$692,243
Cap Rate 9%
$538,411
Alternative Uses
Best Use
Retail
$692.2K
$605.7K – $807.6K
NOI $48,457 @ 7.0% cap · market cap 4.85%
Second Best
Mixed Use
$668.2K
$584.7K – $779.6K
NOI $46,775 @ 7.0% cap · market cap 4.68%
Theoretical Best
Warehouse
$846.4K
$740.6K – $987.5K
NOI $59,251 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Jack in the Box
Dining
14,757 visits/mo
0.3 miles
Demographics for 77581, TX
49,198
Population
18,285
Households
2.7
Avg Household Size
38
Median Age
36%
College-Educated
94%
High-School Grad
24.6 sq mi
ZIP Area
2,000
Density / Sq Mi
$106,556
Median Household Income
$62,887
Median Earnings
$1,591
Median Rent
$309,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing commercial building along S. Main Street includes multiple restrooms and a concrete parking area.
Where is this mixed-use property located?
The property is located at 3111 S MAIN ST Pearland, TX.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 4,331 SF building on a 1‑acre parcel; 33 concrete parking spaces; 4 restrooms
