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    9721 Broadway St Pearland, TX 77584

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    9721 Broadway St Pearland, TX 77584

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    • Community centers
    • 15,910 SF
    • 3.96 lot acres
    For Lease
    $640,000
    View Listing →
    Restaurant Space in Pearland Corridor For Lease
    $640,000
    15,826 SF

    Restaurant Space in Pearland Corridor

    Second-generation restaurant space with covered patio and high traffic.

    9721 BROADWAY ST, Pearland, TX 77584
    View Listing
    Property ID
    US82-4295517
    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.
    Value Estimations
    $640,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gandhi Nita MD / Pediatrician / Medical Clinic
    • Silverlake Pediatric Clinic / Pediatrician / Medical Clinic
    • Chad A. Pedley, MD / Medical Clinic
    • Virginia Milligan / Medical Clinic
    • Elizabeth D. Castillo, PA / Physician

    Property Details for 9721 Broadway St

    Year built
    2005
    Lot size
    3.96 lot acres
    Property size
    15,910 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    0304-0025-110
    APU
    3040025110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $875,000
      Market price range: $547k - $875k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $680,000
      Current use
      WAREHOUSE, STORAGE
      $1,055,000
      Change: +55% Conversion: Difficult
      OFFICE BUILDING
      $940,000
      Change: +38% Conversion: Moderate
      MEDICAL BUILDING
      $890,000
      Change: +31% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $695,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.371
    Latitude
    29.5572
    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
    $1,120,750
    $3,698,190
    $4,818,940
    -
    $1,120,750
    $3,698,190
    $4,818,940

    Comparable in this City

    • Value Estimation
      $1,340,000
      29,633 SF

      11041 Shadow Crk Pkwy

      MINI-MALL • 29,633 SF
      11041 Shadow Crk Pkwy, Pearland, TX 77584-7402
      View Details
    • Value Estimation
      $1,295,000
      25,900 SF

      10228 Broadway St

      MINI-MALL • 25,900 SF
      10228 Broadway St, Pearland, TX 77584-7874
      View Details
    • Value Estimation
      $715,000
      15,840 SF

      10009 Broadway St

      MINI-MALL • 15,840 SF
      10009 Broadway St, Pearland, TX 77584-9756
      View Details
    • Value Estimation by Request
      12,000 SF

      15818 Ss Fwy

      MINI-MALL • 12,000 SF
      15818 Ss Fwy, Pearland, TX 77584-1801
      View Details
    • Value Estimation
      $670,000
      15,149 SF

      11555 Magnolia Pkwy

      MINI-MALL • 15,149 SF
      11555 Magnolia Pkwy, Pearland, TX 77584-2146
      View Details
    • Value Estimation
      $685,000
      13,780 SF

      9603 Broadway St

      MINI-MALL • 13,780 SF
      9603 Broadway St, Pearland, TX 77584-9771
      View Details

    Similar Nearby for Sale

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      Fully Occupied Retail Center For Sale

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      Pearland Pad Site Opportunity

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      2,001 SF

      Retail Pad Site For Lease

      Retail pad site available for lease in Pearland, Texas.
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      Prime Commercial Land Opportunity

      20+ acres available in Pearland's growing medical hub.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Near Kirby Drive

      Retail spaces for lease near residential developments and SH 288.
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      Retail Space in Pearland Corridor

      Retail space with high visibility near SH-288 and Shadow Creek Ranch High School.
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      74,469 SF

      Pearland Retail Development Opportunity

      New retail and pad sites available Q4 2026.
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      View Details
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      1,200 SF

      Retail Center on Kirby Drive

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      Retail Plaza in Pearland, Texas

      New retail plaza with high visibility and ample parking.
      12810 Broadway St, Pearland, TX 77584
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    • Contact for pricing
      1,210 SF

      Retail Space Near Shadow Creek

      Retail space for lease near Shadow Creek Ranch community.
      11901 Shadow Creek Pkwy, Pearland, TX 77584
      View Details
    View Listing
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    9721 Broadway St
    Pearland, TX 77584
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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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