Technical
Financial
Distress signals
Property profile

1631 Main St Pearland, TX 77581

OFF-MARKET
Retail space
Property ID
US82-3397160
2,380 SF 1.26 ac lot Built 1966
Individually Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,500 square foot storefront property is located at 1631 N Main St, Pearland, TX 77581, on a highly trafficked corner lot at the intersection of N Main St and Halik St. The property is zoned commercial and offers a single-tenant occupancy within a larger building totaling 2,150 square feet. Eight parking spaces are available for tenants and their clients. The space is currently available for lease and is adaptable to a variety of uses, including traditional office, medical office, or creative office spaces. While previously used as a gym, the interior requires some renovation. To incentivize leasing, the landlord is offering a tenant improvement allowance. The current rental rate is significantly below market value, reflecting the property's as-is condition. This presents a rare opportunity for a business seeking high visibility in a prime Pearland location. The property's versatility and attractive rental price make it an ideal investment for a wide range of businesses. This is a high-traffic area with excellent visibility, making it perfect for a business looking to establish a strong presence in the Pearland community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Total area 2,380 SF
Lot 1.26 ac (55,086 SF)
APN 0542-0052-000
UPID US82-3397160

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Gym & Fitness Center

Location

1631 Main St Pearland, TX 77581-2803
Pearland metro Census 660401 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2010
Price N/A
2008
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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