Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1823 Main St Pearland, TX 77581

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Thriving Liquor Store, High NOI

    Property size:
    1,800 SF

    Property Features for 1823 Main St

    General Information

    Property type
    Retail space
    Square Feet
    1,800 SF

    Building Details

    Year Built
    2018
    Units
    1

    We can help!

    Listing Contact
    Traci Williams
    Traci Williams

    Listing Agency: Ardent Hardcastle Commercial Realty Listing Agent: Traci Williams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This profitable Pearland, Texas liquor store is available for $120,000 (excluding inventory). The 1,800 square foot storefront, built in 2018, boasts a convenient drive-thru and enjoys a prime location in a high-traffic area. Generating $425,000 in gross revenue and a net operating income (NOI) of $62,215, this established business offers a strong return on investment. The lease is a triple net (NNN) agreement with a current monthly rent of $2,200. The current lease has three years remaining in the current option period, followed by a five-year option. The original lease term was 15 years. All furniture, fixtures, and equipment are included in the asking price. The business benefits from a stellar reputation, evidenced by a 4.8 Google rating. This turnkey operation presents a rare opportunity for an owner/user or investor seeking a profitable, established business in a desirable location within Brazoria County. The inventory is available for an additional $200,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wizard Liquor Pearland (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2856645
    Latitude
    29.5752139

    Nearby Similar for Sale

    • $1,975,000
      0.40 Acres

      Pearland Car Wash Investment Property

      Fully leased car wash with landlord opportunity in Pearland.
      1980 Country Place Pkwy, Pearland, TX 77584
      View Details
    • $5,400,000

      Pearland Class A Office Building

      Two-story Class A office building in Pearland, Texas.
      1535 Cullen Pkwy, Pearland, TX 77581
      View Details
    • Contact for pricing
      1,225 SF

      Pearland Office Condo For Sale

      1,225 SF office condo ideal for professional or medical use.
      3129 Kingsley Dr, Pearland, TX 77584
      View Details
    • $1,790,000

      Highway 35 Area Flex Space

      Flex space with office and warehouse near Beltway 8.
      3801 Knapp Rd, Pearland, TX 77581
      View Details
    • $6,300,000

      Pearland Retail Building For Sale

      Single-tenant retail building in Pearland, TX, leased to Kid City.
      12152 Shadow Creek Pkwy, Pearland, TX 77584
      View Details
    • $1,500,000
      42,480 SF

      Pearland NNN Ground Lease Opportunity

      NNN ground lease with a nationally recognized tenant.
      1722 N Main St, Pearland, TX 77581
      View Details
    • $1,790,000
      7,995 SF

      Office and Warehouse Near Highway

      Office and warehouse space with highway access and ample parking.
      3801 Knapp Rd, Pearland, TX 77581
      View Details
    • $10,500,000

      Retail Property For Sale

      Retail property available for purchase in Pearland, Texas.
      7918 Broadway St, Pearland, TX 77581
      View Details
    • Contact for pricing

      Industrial Property with Multiple Buildings

      Industrial property featuring multiple metal buildings and acreage.
      Pearland Sites Rd, Pearland, TX 77584
      View Details
    • Contact for pricing
      1,250 SF

      Move-in Ready Class A Office

      Class A office suite in Pearland's Shadow Creek corridor.
      11960 Broadway St, Pearland, TX 77584
      View Details
    • $175,000

      Pearland Property with Spacious Yard

      Comfortable home on a large lot near Pearland Town Center.
      7225 Libby Ln, Pearland, TX 77584
      View Details
    • Contact for pricing
      9,600 SF

      Southeast Houston Warehouse Space

      9,600 SF warehouse in Southeast Houston, near Hobby Airport.
      2550 Westgate Dr, Pearland, TX 77581
      View Details

    FAQs

    What type of property is this?
    Retail space - Thriving Liquor Store, High NOI
    Where is this retail space located?
    The property is located at 1823 Main St Pearland, TX.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Asking Price: $120,000 (plus $200,000 inventory).; Annual Cash Flow: $62,215.; Gross Annual Revenue: $425,000.
    (281) 702-6212 Call to check price and availability
    Request Owner's contact information
    1823 Main St Pearland, TX 77581
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1823 Main St
    Pearland, TX 77581
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1823 Main St Pearland, TX 77581
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Traci Williams
    Traci Williams
    Real Estate License ID: 0558078
    (281) 702-6212 (972) 387-0300 (281) 485-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!