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Property profile & analytics
FOR LEASE
Strip malls

8809 Broadway St Pearland, TX 77584

8,950 SF 8.06 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US82-4127729
Property summary
AI-generated overview

This exceptional retail property, located at 8809 Broadway Street in Pearland, Texas, 77584, presents a unique investment opportunity. The site encompasses 8.06 acres of land and a total of 9,003 square feet of building space, currently offering multiple spaces for lease. Individual spaces range in size, with a minimum divisible space of 2,000 square feet. The property is ideally suited for a variety of retail uses, including restaurants and pad sites, and is situated within a thriving commercial area. Ample parking is provided, with a total of 139 spaces available for customers and employees. This brand new development is strategically positioned to serve a large regional trade area, encompassing portions of both Harris and Brazoria Counties. The property benefits from its proximity to several rapidly expanding master-planned communities, including Silverlake, Shadow Creek, and Southern Trails, ensuring a robust and growing customer base. Pearland's status as the third-largest city in the Greater Houston MSA and its consistent ranking as one of the fastest-growing cities in the area further underscores the exceptional potential of this investment. The property's location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking to establish a strong presence in this dynamic market. This is a rare opportunity to secure a prime retail location in one of Texas's most rapidly developing areas.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Total area 8,950 SF
Lot 8.06 ac (350,950 SF)
APN 0506-0017-000
UPID US82-4127729
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 Way of Life Church Association / Organization
  • State Farm Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$492k
Blend (final) Blend
$555k
Owner & transaction history
Be Broadway Realty Ltd · 4 yrs held
Be Broadway Realty Ltd
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $895,000 +134.4%
Warehouse, storage $595,000 +55.0%
Office building $530,000 +38.2%
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