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    Property profile & analytics

    1427 Broadway St Pearland, TX 77581

    • Community centers
    • 5,390 SF
    • 0.83 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Aug 11, 2022
    Value Estimations
    $390,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2346268
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Starbucks / Internet Cafe / Breakfast Restaurant
    • Vape City Coming Soon / Vaporizer Store
    • Havana Nail Spa / Nail Salon / Waxing Hair Removal Service

    Property Details for 1427 Broadway St

    Year built
    2017
    Lot size
    0.83 lot acres
    Property size
    5,390 SF
    Property type
    Community centers
    APN
    1105-0000-001
    APU
    11050000001

    Description

    This 5,226 square foot retail center, built in 2017, is located in Pearland, Texas, at the intersection of E Broadway St and Longwood Dr. The property boasts a Class C rating and offers 41 total parking spaces on a 0.83-acre lot. Currently, there is one 1,740 square foot retail space available for lease within this multi-tenant building. The center enjoys a high-traffic location with nearby retail giants such as Walmart Supercenter and The Home Depot, ensuring excellent visibility and potential for strong tenant occupancy. Situated in Brazoria County, with a Pearland, TX 77581 address, this property presents a compelling investment opportunity in a thriving retail corridor. The property's strategic location and proximity to major retailers make it an attractive option for businesses seeking high visibility and foot traffic. The existing infrastructure and ample parking further enhance its appeal. This well-maintained retail center offers a solid foundation for future growth and profitability. Detailed information and aerial imagery are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $343,000
      Market price range: $191k - $343k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $680,000
      RESTAURANT
      $655,000
      OFFICE BUILDING
      $590,000
      MEDICAL BUILDING
      $470,000
      RETAIL STORES
      $420,000
      WAREHOUSE, STORAGE
      $405,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2276
    Latitude
    29.5459
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $21,382
    $188,280
    $1,306,930
    $1,495,210
    -
    $188,280
    $1,306,930
    $1,495,210

    Comparable in this City

    • Value Estimation
      $720,000
      12,250 SF

      1819 Broadway St

      MINI-MALL • 12,250 SF
      1819 Broadway St, Pearland, TX 77581-5670
      View Details
    • Value Estimation
      $635,000
      10,206 SF

      2470 Pearland Ave

      MINI-MALL • 10,206 SF
      2470 Pearland Ave, Pearland, TX 77581
      View Details
    • Value Estimation
      $795,000
      23,050 SF

      1930 Pearland Pkwy

      MINI-MALL • 23,050 SF
      1930 Pearland Pkwy, Pearland, TX 77581-5378
      View Details
    • Value Estimation
      $370,000
      15,040 SF

      1925 Pearland Pkwy

      MINI-MALL • 15,040 SF
      1925 Pearland Pkwy, Pearland, TX 77581-5147
      View Details
    • Value Estimation
      $1,215,000
      128,754 SF

      2650 Pearland Pkwy

      MINI-MALL • 128,754 SF
      2650 Pearland Pkwy, Pearland, TX 77581-5354
      View Details
    • Value Estimation by Request
      21,988 SF

      5730 Fm518

      Lifestyle centers • 21,988 SF
      5730 Fm518, Pearland, TX 77581
      View Details

    Similar Nearby for Sale

    • $1,160,874
      2.05 Acres

      Pearland Parkway Commercial Land

      2.05-acre retail/daycare site. High traffic.
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    • $3,500,000
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      Longwood Crossing Shopping Center

      Pearland, TX Retail Center - $3.5M
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    • $2,750,000
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      Prime Pearland Restaurant - 2.9 Acres

      Established restaurant, turnkey operation, high traffic location
      1134 Main St, Pearland, TX 77581
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    • $10,500,000

      Retail Property For Sale

      Retail property available for purchase in Pearland, Texas.
      7918 Broadway St, Pearland, TX 77581
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    • $11,900,000
      39,065 SF

      Tranquility Center: Pearland, TX

      Multi-tenant office complex, high occupancy.
      7918 Broadway St, Pearland, TX 77581
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    • Contact for pricing
      6,058 SF

      Pearland Office Building Investment

      6,058 SF, 100% Occupied, Strong Tenant
      2618 Broadway St, Pearland, TX 77581
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      8,000 SF

      Pearland Retail Center Investment

      8,000 SF Retail Center, 1 Space Available
      1510 Broadway St, Pearland, TX 77581
      View Details
    • $20 SF/Yr
      21,988 SF

      West Pearland Plaza Retail Space

      High-visibility Pearland retail space available.
      5730 Fm518, Pearland, TX 77581
      View Details
    • Contact for pricing
      4,160 SF

      Retail Center on Broadway Street

      Retail center with medical end cap and former pharmacy space.
      3525 E Broadway St, Pearland, TX 77581
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Orchard Plaza

      Retail space in Pearland, near Kroger and Sprouts.
      8201 Broadway St, Pearland, TX 77581
      View Details
    • Contact for pricing
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      Prime Pearland Medical Office Space

      Exceptional medical office suites in thriving Pearland.
      & Beltway 8 Sec Pearland Pkwy, Pearland, TX 77581
      View Details
    • $18 SF/Yr
      1,880 SF

      Retail Space in Pearland, TX

      Retail space available for lease in Pearland, Texas.
      5203 Broadway St, Pearland, TX 77581
      View Details
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    1427 Broadway St
    Pearland, TX 77581
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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