8809 Broadway StPearland, TX 77584

  • Retail properties
  • 8,950 SF
For Lease

Property Details for 8809 Broadway St

Year built
1985
Lot size
8.06 AC
Property size (Sq ft)
8,950 SF
Property type
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,694,473
    6.5%
    $2,487,206
    7%
    $2,309,548
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,333,691
    Geo Method
    $6,752,442
  • Alternative Use

    Use
    Valuation
    Residential
    $2,098,051
    Hospitality
    $1,921,804
    Educational
    $1,598,918
    Medical
    $1,653,907
    Retail
    $2,487,206
8809 Broadway St, Pearland, Texas

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

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
$64,768
$2,705,880
$52,290
$2,758,170
-
$2,705,880
$52,290
$2,758,170

FAQs

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