Two-Tenant Medical Retail
For Sale
Contact for pricing
6307 Broadway St, Pearland, TX 77581
Fully occupied retail improvements feature specialized dental build-outs and NNN lease structures.
Property Size5,000 SF
Price / SF$329
Days on Market8
Property Features for 6307 Broadway St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$111,502
Site & Location
Anchor Co-Tenants
Heartland Dental
Traffic Count
36,078 vehicles/day
Building Details
Year Built
1993
Year Renovated
2020
Buildings
1
Tenancy
Multi
Listing Agency:
Summit Real Estate
Listed By:
Jackson Brewer · License #TX 772853
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 2:37AM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This 5,000-square-foot retail strip contains two tenant spaces with specialized dental improvements and was constructed in 1993. The property is fully occupied, and both tenancies are subject to NNN lease structures, limiting routine landlord obligations. Heartland Dental is identified as a tenant, and the medical-oriented build-outs reflect substantial customization for dental operations.
The property fronts Broadway, also designated FM 518, within Pearland’s retail corridor. Reported traffic volume is 36,078 vehicles per day, supporting access and exposure along the corridor. Its location is 6307 Broadway St, Pearland, TX 77581.
The property fronts Broadway, also designated FM 518, within Pearland’s retail corridor. Reported traffic volume is 36,078 vehicles per day, supporting access and exposure along the corridor. Its location is 6307 Broadway St, Pearland, TX 77581.
Key Highlights
- 5,000‑square‑foot retail strip built in 1993
- Two‑tenant configuration with 100% occupancy
- NNN lease structures across the property
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.2k | $17.04 |
| − Vacancy | −$5.3k | −$1.06 |
| EGI | $79.9k | $15.98 |
| − OpEx | −$24.0k | −$4.80 |
| NOI | $55.9k | $11.19 |
5,000 SF · lease $17.04/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$799.2K
$699.3K – $932.4K
NOI $55,942 @ 7.0% cap · market cap 3.40%
Second Best
Healthcare Medical
$791.2K
$692.3K – $923.1K
NOI $55,386 @ 7.0% cap · market cap 3.37%
Theoretical Best
Warehouse
$977.2K
$855.1K – $1.14M
NOI $68,404 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
36,078 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
474
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?
Strip mall - Fully occupied retail improvements feature specialized dental build-outs and NNN lease structures.
Where is this strip mall located?
The property is located at 6307 Broadway St Pearland, TX.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: 5,000‑square‑foot retail strip built in 1993; Two‑tenant configuration with 100% occupancy; NNN lease structures across the property
