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Property profile & analytics
FOR LEASE
Strip malls

1701 Fairway Dr Alvin, TX 77511

67,723 SF 7.87 ac lot Built 1980
Entity Owned 3-yr Hold Free & Clear
Property ID
US82-4192854
Property summary
AI-generated overview

Invest in the Fairway Shopping Center, a prime retail property situated at the intersection of Hwy 35 South and Fairway in Brazoria County. This 91,360 square foot center boasts a strong national tenant presence, anchored by Planet Fitness, and surrounded by complementary businesses including Palais Royal, Rue 21, and Cici's Pizza. Currently, there are three suites available, with a significant 72,838 square feet of vacant space presenting a unique opportunity for expansion or new tenancy. The property sits on 8.52 acres of land and was built in 1983. Its strategic location offers exceptional visibility from Hwy 35, ensuring high traffic and customer exposure. The center also benefits from its proximity to Alvin Community College, providing a substantial customer base. Ample on-site parking and easy access in and out of the center further enhance its appeal. In addition to the retail space, warehouse space is also available for lease, adding to the property's versatility and investment potential. This is a rare opportunity to acquire a well-located retail center with significant upside potential in a growing market. The existing tenant mix provides a solid foundation for future growth and expansion.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Total area 67,723 SF
Lot 7.87 ac (342,817 SF)
APN 0161-0057-130
UPID US82-4192854
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
  • Planet Fitness Gym & Fitness Center
  • Alvin Dental Physician
  • La Michoacana Meat Market Take-out & Catering Butcher
  • Medic One Pharmacy Pharmacy
  • Dollar Smart Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$920k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.98M
Blend (final) Blend
$1.45M
Owner & transaction history
Store Master Funding Xxix LLC · 3 yrs held
Store Master Funding Xxix LLC
since 2023
5 recorded transactions
2023
Price N/A
2017
Price N/A
2016
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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