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    Property profile & analytics

    1631 Main St Pearland, TX 77581-2803

    • Retail space
    • 2,380 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    8%
    Retail space
    Location Intelligence
    Property ID
    US82-3397160
    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

    • The Lab Gym - RU Performance Center / Gym / Fitness Center
    • Train With Lu / Personal Trainer

    Property Details for 1631 Main St

    Year built
    1966
    Lot size
    1.26 lot acres
    Property size
    2,380 SF
    Property type
    Retail space
    APN
    0542-0052-000
    APU
    5420052000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $445,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $255,000
      Market price range: $106k - $293k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $525,000
      AUTO REPAIR, GARAGE
      $300,000
      OFFICE BUILDING
      $260,000
      MEDICAL BUILDING
      $210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2858
    Latitude
    29.5775
    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
    $0.00
    $339,910
    $117,950
    $457,860
    -
    $339,910
    $117,950
    $457,860

    Comparable in this City

    • Value Estimation
      $520,000
      10,010 SF

      2105 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,010 SF
      2105 Main St, Pearland, TX 77581-3309
      View Details
    • Value Estimation
      $485,000
      12,133 SF

      3631 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,133 SF
      3631 Main St, Pearland, TX 77581-5920
      View Details
    • Value Estimation
      $280,000
      3,035 SF

      2121 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 3,035 SF
      2121 Broadway St, Pearland, TX 77581-6401
      View Details
    • Value Estimation
      $320,000
      2,000 SF

      2517 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      2517 Broadway St, Pearland, TX 77581-4914
      View Details
    • Value Estimation
      $230,000
      1,170 SF

      3401 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 1,170 SF
      3401 Broadway St, Pearland, TX 77581-4303
      View Details
    • Value Estimation
      $295,000
      3,300 SF

      1120th N Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      1120th N Main St, Pearland, TX 77581-2210
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,058 SF

      Pearland Office Building Investment

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      Pearland Liquor Store for Sale

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    • $2,750,000
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      Prime Pearland Restaurant - 2.9 Acres

      Established restaurant, turnkey operation, high traffic location
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    • $1,160,874
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      Pearland Parkway Commercial Land

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    • $10,500,000

      Retail Property For Sale

      Retail property available for purchase in Pearland, Texas.
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    • $11,900,000
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    Similar Nearby for Lease

    • $18 SF/Yr
      1,240 SF

      Retail Space Available For Lease

      Retail space available for lease in Pearland, Texas.
      6601 Broadway St, 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
    • Contact for pricing
      4,243 SF

      Freestanding Retail Building For Lease

      4,243 SF freestanding retail building on 1.4897 acres.
      1509 Broadway St, 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
    • $18 SF/Yr
      600 SF

      East Pearland Retail Space Available

      Retail space in high-traffic East Pearland location for lease.
      3413 Broadway St, Pearland, TX 77581
      View Details
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    1631 Main St
    Pearland, TX 77581-2803
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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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