Current Use by Public Records
- Villages of Towne Lake / Apartment Building
- Partners In Care Pediatrics Pearland / Pediatrician / Medical Clinic
- Ardent Hardcastle Commercial Real Estate Brokerage / Real Estate Agency
- JLA REALTY PEARLAND / Corporate Office
- Garage Door Pearland TX / Hardware & Home Improvement / Production Facility
Property Details for 7918 Broadway St
- Lot size
- 5.44 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pearland
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3428
- Latitude
- 29.5592
