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 Market119
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:
Maz Real Estate
837131158
Listed By:
Zach Weik · License #TX 735610
Source:
Crexi
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 3:00AM
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 Maz 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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
