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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Community centers
10223 Broadway St Pearland, TX 77584-7880
Entity Owned
10-yr Hold
Free & Clear
Property ID
US82-3557334
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2002
Total area
19,132 SF
Lot
1.83 ac (79,500 SF)
APN
2198-0000-003
UPID
US82-3557334
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
John Hesse Productions LLC Film Production Television Studio
-
Houston Pediatric Surgeons Pediatrician Medical Clinic
-
Pediatrics Of Greater Houston Pediatrician Medical Clinic
-
Eternal Martial Arts-Pearland Sports School Training Center
-
Katarina's HIIT&RUN Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$835k
Owner & transaction history
10223-35 Investments LLC · 10 yrs held
10223-35 Investments LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+55.0%
Office building
$1.1M
+38.2%
Medical building
$1.1M
+30.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pearland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Current use
WAREHOUSE, STORAGE
$1,270,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$1,130,000
Change: +38% · Conversion: Moderate
MEDICAL BUILDING
$1,070,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$835,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$44 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Tax billed
$96,880
Tax year 2018
Assessed value
$4,697,789
Assessed 2023
Previous assessed
$4,858,035
-3.3% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,033,500
Assessed improvement
$3,664,289
Land market value
$1,033,500
Improvement market value
$3,664,289
Total market value
$4,697,789
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2002
Heating
PACKAGE
Total area
19,132 SF
Lot
1.83 ac (79,500 SF)
APN
2198-0000-003
UPID
US82-3557334
Jurisdiction
BRAZORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
PACKAGE
Lot
1.83 ac
Current owner
From public records · entity-resolved
10223-35 Investments LLC
Entity
Free & Clear · 10 yrs held
Mailing address
2368 RICE BLVD STE A, HOUSTON, TX 77005-2600
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2016
—
10223-35 Investments LLC
Texas Medical Pearland Propert
Quit Claim Deed
related
—
Dec 26, 2013
—
Texas Medical Pearland Props I
Wmpt Pearland LP
Trustees Deed
$65,250,000 · General Elec Cap
Oct 1, 2004
—
Wmpt Pearland II
518 Retail
Grant Deed
related
—
Apr 23, 2002
—
518 Investments
—
Trustees Deed
related
$1,688,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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