8809 Broadway StPearland, TX 77584

Property Details for 8809 Broadway St

Year built

1985

Lot size

8.06 AC

Property size (Sq ft)

8,950 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0506-0017-000

APU

5060017000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,168,460

  6.5%

  $2,001,660

  7%

  $1,858,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,375,810

  Geo Method

  $2,786,720

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,982,570

  Mixed-Use / Specialty

  $1,962,540

  Hospitality / Lodging

  $1,398,220

  Office

  $1,917,570

  Institutional / Educational

  $2,028,820

  Residential Income

  $2,373,720

  Multifamily

  $3,024,210

  Automotive / Energy

  $1,738,990

  Parking / Income-Based Land

  $631,700

  Restaurant / Food Service

  $952,482

  Healthcare / Senior Housing

  $2,045,340

Location Insight

City

Pearland

County

Brazoria

State

Texas

Latitude

29.5598

Longitude

-95.3569

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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