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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Grocery and convenience stores
11011 Magnolia Pkwy, Pearland, TX 77584-2476
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9733233
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2015
Total area
7,187 SF
Lot
1.56 ac (67,954 SF)
APN
2362-0001-002
UPID
US82-9733233
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$610k
Owner & transaction history
Pearland Cf Ltd · 8 yrs held
Pearland Cf Ltd
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$805,000
+161.4%
Auto repair, garage
$720,000
+134.4%
Warehouse, storage
$475,000
+55.0%
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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$805,000
Change: +161% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +134% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$425,000
Change: +38% · Conversion: Moderate
MEDICAL BUILDING
$400,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$85 / 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
$75,009
Tax year 2018
Assessed value
$3,090,100
Assessed 2023
Previous assessed
$2,491,600
+24.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$795,060
Assessed improvement
$2,295,040
Land market value
$795,060
Improvement market value
$2,295,040
Total market value
$3,090,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2015
Heating
PACKAGE
Total area
7,187 SF
Lot
1.56 ac (67,954 SF)
APN
2362-0001-002
UPID
US82-9733233
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
RESTAURANT
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$475,000
OFFICE BUILDING
Est. value
$425,000
MEDICAL BUILDING
Est. value
$400,000
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2015
Heating
PACKAGE
Lot
1.56 ac
Current owner
From public records · entity-resolved
Pearland Cf Ltd
Individual
Free & Clear · 8 yrs held
Mailing address
4415 HWY 6TH 6, SUGAR LAND, TX 77478-4476
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
—
Global New Millennium Ptrs Ltd
—
Grant Deed
related
$106,453,000 · Wells Fargo Bk
Apr 13, 2018
—
Pearland Cf Ltd
Mr/288-59 Retail Partners Ltd
Grant Deed
related
—
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.
Try Rey
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