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    7918 Broadway St Pearland, TX 77581

    Sponsored
    For Sale
    $11,900,000

    Multi-tenant office complex, high occupancy.

    Property size:
    39,065 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity, Tranquility Center, presents four Class A buildings totaling 39,065 square feet situated on a 5.44-acre lot at 7918 Broadway St., Pearland, TX 77581. The property, built between 2003 and 2008, boasts a 97% occupancy rate with 15 tenants under NNN leases, ensuring a stable income stream. The diverse tenant mix includes medical offices, daycare centers, traditional offices, and other professional services. The asking price is $11,900,000, representing a price per square foot of $304.62 and a compelling 6.35% cap rate with a Net Operating Income (NOI) of $755,650. Additional income is generated from a billboard on FM 518 and leasable floored attic space above the buildings. This stabilized investment is ideal for a 1031 exchange, offering a seamless transition for investors seeking a high-performing asset in a thriving Pearland, Texas location, conveniently situated approximately 20 minutes from both the Houston Medical Center and Downtown Houston. The property's prime location within a high-income, family-oriented area, coupled with nearby restaurants and amenities, contributes to its strong performance and long-term potential. The one-story buildings offer a mix of office and retail spaces.

    Property Features for 7918 Broadway St

    General Information

    Property type
    Day care centers
    Square Feet
    39,065 SF
    Class
    A
    Lot Size
    236,966 SF

    Building Details

    Buildings
    4
    Stories
    1

    HighLights

    • Lucrative investment opportunity: Four Class A buildings totaling 39,065 square feet, 97% occupied, with a 6.35% cap rate and $755,650 NOI.
    • Additional income from leasable floored attic space.
    • Income‑producing billboard on FM 518.
    • Well‑maintained property built between 2003 and 2008.
    • Prime Pearland location, near Houston Medical Center and Downtown Houston.
    • High‑income, family‑oriented area with nearby restaurants and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Villages of Towne Lake Apartment Building Partners In Care Pediatrics ... Pediatrician Ardent Hardcastle Commercial ... Real Estate Agency JLA REALTY PEARLAND Corporate Office Garage Door Pearland ... Door Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.342749916061
    Latitude
    29.559223207743

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    FAQs

    What type of property is this?
    Day care center - Multi-tenant office complex, high occupancy.
    Where is this day care center located?
    The property is located at 7918 Broadway St Pearland, TX.
    What is the asking price?
    The asking price for this property is $11,900,000.
    What are key features of this property?
    This property features: Lucrative investment opportunity: Four Class A buildings totaling 39,065 square feet, 97% occupied, with a 6.35% cap rate and $755,650 NOI.; Additional income from leasable floored attic space.; Income-producing billboard on FM 518.
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    Realmo Value Estimation

    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.

    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.

    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
    7918 Broadway St Pearland, TX 77581
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