7902 Broadway StPearland, TX 77581

Property Details for 7902 Broadway St

Year built

2009

Lot size

0.95 AC

Property size (Sq ft)

8,500 SF

Property type

Retail properties

Property subtype

Strip malls

APN

0242-0001-000

APU

2420001000

Description

Tranquility Plaza offers exceptional leasing opportunities in Pearland, Texas. Located on busy Broadway Street, this single-story, 10,800 square foot building boasts two suites, each divisible to a minimum of 1,200 square feet, with a total of 2,400 square feet currently vacant. Built in 2009, the property sits on 2.06 acres and provides ample parking with 44 spaces. The building features a modern design with gray and beige trim, creating a sophisticated atmosphere. Its prime location on Broadway Street ensures high visibility, benefiting from over 27,000 vehicles passing daily. The surrounding area includes affluent communities like Shadow Creek Ranch, Mirror Lake, and Silverlake, with an average household income exceeding $123,618 within a 3-mile radius. This presents a strong potential customer base for a variety of businesses, including medical, office, and retail. The property's diverse tenant mix creates a vibrant commercial hub, attracting significant foot traffic. The available spaces are ideal for businesses seeking high visibility and a thriving Pearland location. The property is categorized as retail, office, and restaurant space, with the available suites specifically classified as traditional office and storefront spaces. No elevators are present in the single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,558,997

  6.5%

  $2,362,151

  7%

  $2,193,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,166,075

  Geo Method

  $6,412,934

• Alternative Use

  Use

  Valuation

  Residential

  $1,992,563

  Hospitality

  $1,825,177

  Educational

  $1,518,526

  Medical

  $1,570,750

  Retail

  $2,362,151

Location Insight

City

Pearland

County

Brazoria

State

Texas

Latitude

29.5587

Longitude

-95.3417

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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