3525 Broadway StPearland, TX 77581

Property Details for 3525 Broadway St

Year built

1990

Lot size

0.74 AC

Property size (Sq ft)

8,704 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0147-0021-000

APU

1470021000

Description

This exceptional 10,000 square foot medical office building presents a unique investment opportunity in Brazoria County. Currently occupied by a single, strong medical tenant, Smile Dentistry, this property offers a stable income stream and significant growth potential. The building features a 2,720 square foot end-cap space, ideally suited for a variety of medical practices. The high-traffic location boasts an impressive 23,453 vehicles per day, ensuring excellent visibility and accessibility for patients. Ample parking is available with 43 spaces conveniently located for patients and staff. The current lease agreement includes a rate of $22 per square foot plus Net, Net, Net (NNN) expenses. The property is classified as a special purpose building, specifically designed for medical use. This turnkey operation provides immediate cash flow and a solid foundation for long-term investment returns. The building's size and location make it an attractive option for both established medical professionals seeking expansion and new entrants to the market. The existing tenant's strong presence further enhances the property's value and stability. This is a rare opportunity to acquire a well-maintained, high-performing medical office building in a prime location with exceptional visibility and strong tenant occupancy. The property's size and configuration offer flexibility for future expansion or adaptation to changing market demands. This is an ideal investment for those seeking a stable, high-return asset in the growing healthcare sector.

• CAP approach

  CAP return

  Valuation

  6%

  $2,620,413

  6.5%

  $2,418,842

  7%

  $2,246,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,242,061

  Geo Method

  $6,566,844

• Alternative Use

  Use

  Valuation

  Residential

  $2,040,384

  Hospitality

  $1,868,981

  Educational

  $1,554,970

  Medical

  $1,608,448

  Retail

  $2,418,842

Location Insight

City

Pearland

County

Brazoria

State

Texas

Latitude

29.5638

Longitude

-95.2806

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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