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    Property profile & analytics

    2002 Main St Pearland, TX 77581-3308

    • Strip malls
    • 7,000 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4100867
    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

    • Punjani Anwar / Insurance Agency
    • Imperial Smoke N Vape / Vaporizer Store
    • KFC / Chicken Restaurant / Fast Food Restaurant
    • World Finance / Loan Agency / Tax Preparation
    • check n go, Check `n Go Store Directory / Loan Agency

    Property Details for 2002 Main St

    Year built
    1994
    Lot size
    1.03 lot acres
    Property size
    7,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1898-1000-020
    APU
    18981000020

    Description

    This exceptional 7,000 square foot shopping center, situated on 0.62 acres at 2002 N Main St in Pearland, Texas (zip code 77581), presents a fantastic opportunity for retail businesses. Built in 1994, this single-story Class C property boasts 30 parking spaces and offers a flexible layout. Currently, there are 3,400 square feet of vacant space available, with options ranging from 1,400 to 2,000 contiguous square feet. The largest contiguous space available is 2,000 square feet, ideal for an anchor tenant. An additional 1,400 square foot endcap space is also available, providing excellent visibility and accessibility. The property is located in the Far South submarket of Pearland, within the South submarket cluster, offering convenient access to a thriving community. This is a multi-tenant property, providing a diverse and vibrant retail environment. The property's location and flexible space options make it an attractive investment for businesses seeking a strong presence in the Pearland market. The property features a single building with a total of 7,000 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2868
    Latitude
    29.5715
    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
    $22,559
    $349,250
    $750,750
    $1,100,000
    -
    $349,250
    $750,750
    $1,100,000

    Comparable in this City

    • Value Estimation
      $720,000
      17,920 SF

      1130 Broadway St

      SHOPPING CENTER, STRIP CENTER • 17,920 SF
      1130 Broadway St, Pearland, TX 77581-6426
      View Details
    • Value Estimation
      $790,000
      17,647 SF

      3310 Broadway St

      SHOPPING CENTER, STRIP CENTER • 17,647 SF
      3310 Broadway St, Pearland, TX 77581-4375
      View Details
    • Value Estimation
      $725,000
      19,626 SF

      6051 Broadway St

      SHOPPING CENTER, STRIP CENTER • 19,626 SF
      6051 Broadway St, Pearland, TX 77581-7827
      View Details
    • Value Estimation
      $980,000
      25,976 SF

      2705 Broadway St

      SHOPPING CENTER, STRIP CENTER • 25,976 SF
      2705 Broadway St, Pearland, TX 77581-4902
      View Details
    • Value Estimation
      $750,000
      20,792 SF

      2020 Main St

      SHOPPING CENTER, STRIP CENTER • 20,792 SF
      2020 Main St, Pearland, TX 77581-3308
      View Details
    • Value Estimation
      $510,000
      12,286 SF

      2206 Broadway St

      SHOPPING CENTER, STRIP CENTER • 12,286 SF
      2206 Broadway St, Pearland, TX 77581-6436
      View Details

    Similar Nearby for Sale

    • $3,500,000
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      Longwood Crossing Shopping Center

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    • $1,160,874
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      Pearland Parkway Commercial Land

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    • $11,900,000
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      Pearland Office Building Investment

      6,058 SF, 100% Occupied, Strong Tenant
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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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    • $10,500,000

      Retail Property For Sale

      Retail property available for purchase in Pearland, Texas.
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    Similar Nearby for Lease

    • $20 SF/Yr
      21,988 SF

      West Pearland Plaza Retail Space

      High-visibility Pearland retail space available.
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    • $19 SF/Yr
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      1,350 SF

      Retail Space in Orchard Plaza

      Retail space in Pearland, near Kroger and Sprouts.
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      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
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    • $18 SF/Yr
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      Retail Space Available For Lease

      Retail space available for lease in Pearland, Texas.
      6601 Broadway St, Pearland, TX 77581
      View Details
    • Contact for pricing
      56,320 SF

      Prime Pearland Medical Office Space

      Exceptional medical office suites in thriving Pearland.
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      View Details
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    Pearland, TX 77581-3308
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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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