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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
11600 Broadway St, Pearland, TX 77584-3780
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US82-8666158
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
7,440 SF
Lot
1.02 ac (44,467 SF)
APN
5657-1001-002
UPID
US82-8666158
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
-
DaVita Southfield Dialysis Medical Clinic
-
League Commercial Garage Door & Gate Repair Building Supply
-
JUAN JORGE OLIVERO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$550k
Owner & transaction history
Carrollwood Investors LLC · 10 yrs held
Carrollwood Investors LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$830,000
+100.0%
Auto repair, garage
$745,000
+79.3%
Warehouse, storage
$495,000
+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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$415,000
Current use
RESTAURANT
$830,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +79% · Conversion: Difficult
WAREHOUSE, STORAGE
$495,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$440,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$74 / 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
$46,987
Tax year 2018
Assessed value
$3,264,850
Assessed 2023
Previous assessed
$2,397,830
+36.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$635,880
Assessed improvement
$2,628,970
Land market value
$635,880
Improvement market value
$2,628,970
Total market value
$3,264,850
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 BUILDING
Status
Off-Market
Year built
2015
Heating
PACKAGE
Total area
7,440 SF
Lot
1.02 ac (44,467 SF)
APN
5657-1001-002
UPID
US82-8666158
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
$415,000
RESTAURANT
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$495,000
OFFICE BUILDING
Est. value
$440,000
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
2015
Heating
PACKAGE
Lot
1.02 ac
Current owner
From public records · entity-resolved
Carrollwood Investors LLC
Entity
Mailing address
2901 W COAST HWY, NEWPORT BEACH, CA 92663-4023
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2015
—
Carrollwood Investors LLC
Mr/broadway Ltd
Grant Deed
$1,964,000 · Everbank
Mar 13, 2015
—
Mr & Broadway Ltd
—
Trustees Deed
related
$390,339 · Frost Bk
Jul 16, 2014
—
Mr Broadway Ltd
New Broadway Ltd
Venders Lien
$1,748,966 · Frost Bank
—
—
New Broadway Ltd
—
Deed Of Trust
related
$92,500 · Moody Nat'l Bk
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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