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Property profile & analytics
FOR LEASE
Office buildings
11233 Shadow Creek Pkwy Pearland, TX 77584
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US82-4108117
For Lease
$18.75 SF/Yr
11233 Shadow Creek Pkwy, Pearland, TX 77584
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
79,628 SF
Lot
3.91 ac (170,102 SF)
APN
7497-1820-005
UPID
US82-4108117
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
-
Shadow Creek Ranch Dental Specialists Dental Office
-
Dr. Corbet K. Ellison, DDS Dental Office
-
Greater Houston Psychiatric Associates, PLLC Psychotherapist Psychiatrist
-
Christopher Bello: Allstate Insurance Insurance Agency
-
Mott MacDonald General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Zt Group Business Ctr One · 17 yrs held
Zt Group Business Ctr One
since 2008
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$21 / 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
$364,381
Tax year 2018
Assessed value
$10,467,780
Assessed 2023
Previous assessed
$10,467,780
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$1,216,230
Assessed improvement
$9,251,550
Land market value
$1,216,230
Improvement market value
$9,251,550
Total market value
$10,467,780
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
For Lease
Year built
2009
Heating
PACKAGE
Total area
79,628 SF
Lot
3.91 ac (170,102 SF)
APN
7497-1820-005
UPID
US82-4108117
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
Building & site characteristics
From public records
Year built
2009
Heating
PACKAGE
Lot
3.91 ac
Current owner
From public records · entity-resolved
Zt Group Business Ctr One
Entity
Mailing address
11233 SHADOW CRK PKWY STE #313, PEARLAND, TX 77584-7367
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2011
—
Zt Group Busn Ctr One Pearland
—
Deed Of Trust
related
$10,500,000 · Ladder Capital Finance LLC
Aug 14, 2008
—
Zt Group Business Ctr One
Zt Shadow Creek Ptrs
Grant Deed
—
—
—
Zt Group Busn Ctr One Pearland
—
Deed Of Trust
related
$12,000,000 · Ladder Capital Finance LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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