Commercial Building with Broadway
For Sale
Contact for pricing
5101 West Broadway Street, Pearland, TX 77581
Well-maintained commercial building on West Broadway in Pearland, suited for retail, office, or service uses.
Property Size2,540 SF
Price / SF$236.22
Days on Market128
Property Features for 5101 West Broadway Street
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Retail, Office
Zoning
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Keller Williams
Listed By:
Sandra Gonzalez · License #711447
Source:
Crexi
Added: May 1
Changed: Sep 4
Last Checked: Sep 4 at 2:36PM
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 Keller Williams
Investment Insights
Based on property information with market context.
A well-maintained commercial building for sale at 5101 West Broadway Street in Pearland, TX. The property is approximately 2,450 square feet and is described as suitable for a range of business ventures, including retail, office, or service-related operations. The offering also highlights signage opportunities for brand promotion.
The building is positioned with frontage on Broadway and is marketed as being in a high-traffic area with visibility and accessibility intended to support customer flow.
For Sale listing details indicate a single commercial building rather than a multi-tenant configuration, making it a straightforward option for an owner-operator or a business seeking a dedicated space.
The building is positioned with frontage on Broadway and is marketed as being in a high-traffic area with visibility and accessibility intended to support customer flow.
For Sale listing details indicate a single commercial building rather than a multi-tenant configuration, making it a straightforward option for an owner-operator or a business seeking a dedicated space.
Key Highlights
- 1963‑built commercial building totaling 2,450 SF
- Prime frontage on Broadway in Pearland
- Located on West Broadway, suited for retail, office, or service 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
$28,419
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
4.74%
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%
$568,380
$568.4K
Cap Rate 7%
$405,986
$406.0K
Cap Rate 9%
$315,767
$315.8K
Market Conditions
NOI Build-Up for 2,540 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
$43.3K $17.04/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$40.6K $15.98/SF
− OpEx
−$12.2K −$4.80/SF
NOI
$28.4K $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%
$568,380
Cap Rate 7%
$405,986
Cap Rate 9%
$315,767
Alternative Uses
Best Use
Retail
$406.0K
$355.2K – $473.7K
NOI $28,419 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$287.2K
$251.3K – $335.1K
NOI $20,104 @ 7.0% cap · market cap 3.35%
Theoretical Best
Warehouse
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained commercial building on West Broadway in Pearland, suited for retail, office, or service uses.
Where is this office building located?
The property is located at 5101 West Broadway Street Pearland, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1963‑built commercial building totaling 2,450 SF; Prime frontage on Broadway in Pearland; Located on West Broadway, suited for retail, office, or service use
