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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Turn key restaurants
11200 Broadway St Pearland, TX 77584-9785
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-4601253
Property summary
AI-generated overview
This exceptional Class A retail opportunity is located within the vibrant Pearland Town Center, a dynamic mixed-use development in Brazoria County, Texas. The property boasts a total of 644,920 square feet across five single-story buildings, situated on a generous 150-acre lot. Built in 2008, the center offers ample parking with 3,546 spaces to accommodate customers and employees. Currently, there are multiple retail spaces available, ranging from 2,517 to 5,600 square feet, ideal for a variety of businesses. The center is strategically located at 11200 Broadway St, Pearland, TX 77584, providing excellent visibility and accessibility. Pearland Town Center is more than just retail
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Total area
8,171 SF
Lot
43.71 ac (1,903,812 SF)
APN
7022-0001-023
UPID
US82-4601253
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
-
Chico's Clothing & Fashion Store
-
Brandy Nixon Notary Services Law Firm
-
H&M Clothing & Fashion Store
-
Torrid Clothing & Fashion Store
-
Trudy's Hallmark Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$935k
Owner & transaction history
PEARLAND TOWN CENTER
PEARLAND TOWN CENTER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$915,000
Current use
AUTO REPAIR, GARAGE
$820,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$114 / 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
Assessed value
$75,000,000
Assessed 2023
Previous assessed
$63,000,000
+19.0% YoY
Assessed land
$18,562,160
Assessed improvement
$56,437,840
Land market value
$18,562,160
Improvement market value
$56,437,840
Total market value
$75,000,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
18
Total area
8,171 SF
Lot
43.71 ac (1,903,812 SF)
APN
7022-0001-023
UPID
US82-4601253
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 Current
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$820,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Buildings
18
Lot
43.71 ac
Current owner
From public records · entity-resolved
PEARLAND TOWN CENTER
Individual
Free & Clear · 0 yrs held
Mailing address
2030 HAMILTON PL BLVD STE #500, CHATTANOOGA, TN 37421-6000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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