Healthcare-Anchored Office
For Sale
Contact for pricing
7924 West Broadway Street, Pearland, TX 77581
Established center combines medical and professional suites with broad tenant representation and one available suite.
Property Size37,754 SF
Lot Size5.44 Acres
Price / SF$251.89
Days on Market49
Property Features for 7924 West Broadway Street
General Information
Standard status
Active
Size
37,754 SF
Lot size
5.44 Acres
Property subtype
Retail, Office
Occupancy
95%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Building Size
37,754 SF
Tenancy
Multi
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jake Dutson · License #702071-SA
Source:
Crexi
Added: Sep 7
Changed: Oct 14
Last Checked: Oct 24 at 4:30PM
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 STRIVE Commercial Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 37,754-square-foot office center occupies 5.44 acres and was built in 2003. The property is 95% leased to 13 tenants spanning pediatric medicine, allergy and specialty care, legal and financial services, a private preschool, and a church. One 1,800-square-foot vacancy remains within the center, providing available space in an established healthcare-oriented office property.
The property fronts W Broadway St, also designated SH 518, in Pearland and is positioned across from Kroger. Additional surrounding retailers include Sprouts Farmers Market, H-E-B, Walmart, and Home Depot. The site records roughly 31,269 vehicles per day and is approximately 20 minutes south of downtown Houston and the Texas Medical Center via SH 288.
The property fronts W Broadway St, also designated SH 518, in Pearland and is positioned across from Kroger. Additional surrounding retailers include Sprouts Farmers Market, H-E-B, Walmart, and Home Depot. The site records roughly 31,269 vehicles per day and is approximately 20 minutes south of downtown Houston and the Texas Medical Center via SH 288.
Key Highlights
- 37,754 SF office center on 5.44 acres
- 95% leased with 13 tenants
- 1,800 SF remaining vacancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$418,209
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,364,180
$8.4M
Cap Rate 7%
$5,974,414
$6.0M
Cap Rate 9%
$4,646,767
$4.6M
Market Conditions
NOI Build-Up for 37,754 SF
Gross rent
$770.2K $20.40/SF
− Vacancy
−$73.2K −$1.94/SF
EGI
$697.0K $18.46/SF
− OpEx
−$278.8K −$7.38/SF
NOI
$418.2K $11.08/SF
Area
Pearland, TX
Vacancy
9.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,364,180
Cap Rate 7%
$5,974,414
Cap Rate 9%
$4,646,767
Alternative Uses
Best Use
Healthcare Medical
$5.97M
$5.23M – $6.97M
NOI $418,209 @ 7.0% cap · market cap 4.40%
Second Best
Office B
$4.27M
$3.74M – $4.98M
NOI $298,825 @ 7.0% cap · market cap 3.14%
Theoretical Best
Warehouse
$7.38M
$6.46M – $8.61M
NOI $516,503 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
95%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
683
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Established center combines medical and professional suites with broad tenant representation and one available suite.
Where is this office building located?
The property is located at 7924 West Broadway Street Pearland, TX.
What is the asking price?
The asking price for this property is $9,510,000.
What are key features of this property?
This property features: 37,754 SF office center on 5.44 acres; 95% leased with 13 tenants; 1,800 SF remaining vacancy
