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Property profile & analytics
FOR LEASE
Strip malls
8603 Broadway St Pearland, TX 77584
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3153244
For Lease
Contact for pricing
8603 Broadway St, Pearland, TX 77584
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
11,550 SF
Lot
1.26 ac (54,933 SF)
APN
2585-0001-002
UPID
US82-3153244
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
-
Family PsychSolutions, PLLC Family Counselor Counselor
-
Nancy Macias Morales, Realtor Real Estate Agency
-
Elite Orthopedics & Sports Medicine Physician
-
List With Brit Real Estate Agency
-
Cole Academy Pearland Medical Clinic Physician
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
Ridgeline Pearland Mob LP · 7 yrs held
Ridgeline Pearland Mob LP
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pearland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Tax billed
$23,689
Tax year 2018
Assessed value
$1,875,000
Assessed 2023
Previous assessed
$1,616,750
+16.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$607,010
Assessed improvement
$1,267,990
Land market value
$607,010
Improvement market value
$1,267,990
Total market value
$1,875,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2003
Heating
PACKAGE
Total area
11,550 SF
Lot
1.26 ac (54,933 SF)
APN
2585-0001-002
UPID
US82-3153244
Jurisdiction
BRAZORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
PACKAGE
Lot
1.26 ac
Current owner
From public records · entity-resolved
Ridgeline Pearland Mob LP
Entity
Mailing address
2 SMT PARK DR STE #540, CLEVELAND, OH 44131-2590
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2018
—
Ridgeline Pearland Mob LP
318 Broadway Street Venture Ll
Grant Deed
related
—
Jul 31, 2014
—
318 Broadway Street Venture Ll
Pearland Central Office Park L
Trustees Deed
$3,000,000 · Green Bk
Apr 2, 2012
—
Pearland Ctrl Office Park Ltd
—
Deed Of Trust
related
$2,837,000 · Bank Of Houston
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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