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Property profile & analytics
OFF-MARKET
Retail space

1631 Main St Pearland, TX 77581-2803

2,380 SF 1.26 ac lot Built 1966
Individually Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US82-3397160
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Lab Gym - RU Performance Center Gym & Fitness Center
  • Train With Lu Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ellis Commercial Warehouse 7 · 11 yrs held
Ellis Commercial Warehouse 7
since 2015
4 recorded transactions
2015
Price N/A
2010
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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