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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
1122 Main St Pearland, TX 77581-2210
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4462146
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
FRAME
Total area
9,996 SF
Lot
1.24 ac (53,884 SF)
APN
0542-0058-141
UPID
US82-4462146
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$570k
Owner & transaction history
1122 North Main Properties LLC · 2 yrs held
1122 North Main Properties LLC
since 2023
7 recorded transactions
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$875,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$57 / 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
$21,735
Tax year 2018
Assessed value
$965,089
Assessed 2023
Previous assessed
$948,620
+1.7% YoY
Effective rate
2.25%
On assessed value
Assessed land
$420,290
Assessed improvement
$544,799
Land market value
$420,290
Improvement market value
$544,799
Total market value
$965,089
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
PACKAGE
Total area
9,996 SF
Lot
1.24 ac (53,884 SF)
APN
0542-0058-141
UPID
US82-4462146
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
Est. value
$875,000
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
1978
Construction
FRAME
Heating
PACKAGE
Lot
1.24 ac
Current owner
From public records · entity-resolved
1122 North Main Properties LLC
Entity
Mailing address
27 LAKEWOOD LN, SEABROOK, TX 77586-3432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
—
1122 North Main Properties LLC
K2 & Associates LLC
Deed
$849,500 · K2 & Associates LLC
Sep 29, 2020
—
K2 & Associates LLC
—
Deed
related
$393,743 · Bancorpsouth
Jan 10, 2020
—
K2 & Associates LLC
—
Deed
related
$398,021 · Bancorpsouth
Apr 8, 2015
—
Herman H Koster
Soca Fndg LLC
Grant Deed
—
Apr 1, 2014
—
Soca Fndg LLC
—
Trustees Deed
related
$2,800 · Property Tax Advantage LLC
Nov 19, 2012
$6,000
Soca Funding LLC
Sheriff Of Brazoria County
Trustees Deed
related
—
Jul 14, 2009
—
Elisabeth H Koster
Koster,herman H
Quit Claim Deed
related
—
—
—
K2 & Associates LLC
—
Loan Modification
related
$398,021 · Bancorpsouth
—
—
Herman H Koster
—
Deed Of Trust
related
$400,000 · Amegy Bank NA
—
—
K2 & Associates LLC
—
Loan Modification
related
$393,743 · Bancorpsouth
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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