Three-Suite Neighborhood Shopping
For Sale
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4313 W Broadway St, Pearland, TX 77581
Fully leased commercial property with customer parking and direct Highway 35 access.
Property Size3,690 SF
Price / SF$242.82
Days on Market125
Property Features for 4313 W Broadway St
General Information
Standard status
Active
Size
3,690 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2005
Units
3
Tenancy
Multi
Listing Agency:
KW Commercial Houston Clear Lake
Listed By:
Sandra Gonzalez · License #711447
Source:
Crexi
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 3:24AM
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 KW Commercial Houston Clear Lake
Investment Insights
Based on property information with market context.
This 3,690-square-foot shopping center contains three retail suites and was constructed in 2005. The property is fully leased, with each suite occupied by an established tenant. Commercial zoning supports its retail-oriented configuration, while on-site customer parking serves the center’s occupants and visitors.
Located at 4313 W Broadway St in Pearland, Texas, the property benefits from exposure and access near Highway 35. Its three-suite layout provides a compact neighborhood retail format with existing occupancy in place. Tenant operations should not be disturbed during any property visit.
Located at 4313 W Broadway St in Pearland, Texas, the property benefits from exposure and access near Highway 35. Its three-suite layout provides a compact neighborhood retail format with existing occupancy in place. Tenant operations should not be disturbed during any property visit.
Key Highlights
- 3,690‑square‑foot shopping center with three retail suites
- Fully leased with established tenants occupying each suite
- Commercial zoning supports the property’s retail use
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
$41,285
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
4.61%
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%
$825,700
$825.7K
Cap Rate 7%
$589,786
$589.8K
Cap Rate 9%
$458,722
$458.7K
Market Conditions
NOI Build-Up for 3,690 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
$62.9K $17.04/SF
− Vacancy
−$3.9K −$1.06/SF
EGI
$59.0K $15.98/SF
− OpEx
−$17.7K −$4.80/SF
NOI
$41.3K $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%
$825,700
Cap Rate 7%
$589,786
Cap Rate 9%
$458,722
Alternative Uses
Best Use
Retail
$589.8K
$516.1K – $688.1K
NOI $41,285 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$721.2K
$631.0K – $841.4K
NOI $50,482 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 11%
Office Supplies 7%
McDonald's
Dining
35,113 visits/mo
0.4 miles
Whataburger
Dining
27,505 visits/mo
0.2 miles
Taco Bell
Dining
11,744 visits/mo
0.4 miles
Scooter's Coffee
Dining
7,226 visits/mo
0.3 miles
Office Depot
Office Supplies
7,030 visits/mo
0.5 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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Similar Off Market Nearby
- K Center — Pearland, TX 77581
- Circle K Shopping CTR — 3704 E Broadway St, Pearland, TX 77581
- Quick-Tag — Walmart Supercenter, 1919 N Main St, Pearland, TX 77581
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased commercial property with customer parking and direct Highway 35 access.
Where is this shopping center located?
The property is located at 4313 W Broadway St Pearland, TX.
What is the asking price?
The asking price for this property is $896,000.
What are key features of this property?
This property features: 3,690‑square‑foot shopping center with three retail suites; Fully leased with established tenants occupying each suite; Commercial zoning supports the property’s retail use
