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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Medical Office Space
11130 Broadway St Pearland, TX 77584-9754
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-2614670
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2013
Total area
11,262 SF
Lot
1.23 ac (53,609 SF)
APN
7022-0001-009
UPID
US82-2614670
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
-
Neighbors Health System Hospital
-
Amazon Locker - Artifact Postal Service Courier Service
-
Dr. Eric Roberson Physician
-
Neighbors Emergency Center: Pearland Emergency Room Hospital
-
Dr. Isaac Freeborn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$775k
Owner & transaction history
Store Master Funding Xvi LLC · 2 yrs held
Store Master Funding Xvi LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+100.0%
Auto repair, garage
$1.1M
+79.3%
Warehouse, storage
$745,000
+18.6%
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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
RESTAURANT
$1,260,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,130,000
Change: +79% · Conversion: Difficult
WAREHOUSE, STORAGE
$745,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$69 / 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
$81,473
Tax year 2018
Assessed value
$4,752,370
Assessed 2023
Previous assessed
$3,058,900
+55.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$836,300
Assessed improvement
$3,916,070
Land market value
$836,300
Improvement market value
$3,916,070
Total market value
$4,752,370
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2013
Heating
NONE
Total area
11,262 SF
Lot
1.23 ac (53,609 SF)
APN
7022-0001-009
UPID
US82-2614670
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
MEDICAL BUILDING Current
Est. value
$630,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$745,000
OFFICE BUILDING
Est. value
$665,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE 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
2013
Heating
NONE
Lot
1.23 ac
Current owner
From public records · entity-resolved
Store Master Funding Xvi LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
—
Store Master Funding Xvi LLC
Altus Neighbors Realty LLC
Special Warranty Deed
$100,000 · Citibank
Nov 7, 2018
—
Altus Health System Realty LLC
Nec Pearland Asset Hldgs LLC
Grant Deed
$10,680,000 · Amerant Bk NA
Aug 10, 2012
—
Pearland Asset Holdings In Nec
Pearland Town Center LP
Quit Claim Deed
$1,078,497 · Frost Bank
—
—
Nec Pearland Asset Holdings Ll
—
Deed Of Trust
related
—
—
—
Nec Pearland Asset Holdings Ll
—
Deed Of Trust
related
—
—
—
Nec Pearland Asset Holdings Ll
—
Deed Of Trust
related
$2,302,786 · Frost Bank
—
—
Nec Pearland Asset Holdings Ll
—
Deed Of Trust
related
$2,178,083 · Frost 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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