9811 Broadway StPearland, TX 77584

Property Details for 9811 Broadway St

Year built

2002

Lot size

2.70 AC

Property size (Sq ft)

8,400 SF

Property type

Retail properties

Property subtype

Community centers

APN

0304-0025-001

APU

3040025001

Description

This exceptional retail opportunity presents itself in the form of the Silverlake Shopping Center, a thriving commercial property located at 9811 Broadway St, Pearland, TX 77584, within Brazoria County. The center boasts a total of 25,225 square feet of retail space, currently featuring multiple tenants. A significant advantage for prospective lessees is the availability of 3,150 square feet of vacant space, including one immediately available unit of 1,400 square feet, perfect for a variety of retail businesses. The property's prime location in Pearland, Texas ensures high visibility and accessibility for customers. The shopping center's established presence within a busy commercial area promises strong foot traffic and potential for significant returns on investment. This is an excellent chance to secure a space in a well-established and successful retail center, offering immediate occupancy and the potential for long-term growth. The property's classification as a shopping center, combined with its multiple tenancy model, indicates a diverse and resilient tenant base. This makes it an attractive option for businesses seeking a stable and profitable location. Further details regarding lease terms and conditions are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,528,891

  6.5%

  $2,334,361

  7%

  $2,167,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,128,827

  Geo Method

  $6,337,488

• Alternative Use

  Use

  Valuation

  Residential

  $1,969,121

  Hospitality

  $1,803,704

  Educational

  $1,500,660

  Medical

  $1,552,270

  Retail

  $2,334,361

Location Insight

City

Pearland

County

Brazoria

State

Texas

Latitude

29.5568

Longitude

-95.3724

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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