9223 Broadway St - Storefront Retail/Office FOR SALE


Pearland, TX 77584
$9,229,920 USD
713-275-9606
9223 Broadway St, Pearland, TX for Sale
$9,229,920 USD
Storefront Retail/Office - FOR SALE
1/28
null | 6.25% Cap Rate

9223 Broadway St
Pearland, TX 77584


HIGHLIGHTS

  • • Positioned on Broadway Street with approximately 477 linear feet of prime road frontage, ensuring strong visibility and traffic exposure.
  • • Diverse tenant mix anchored by recognized service and retail providers, mitigating lease rollover risk.
  • • High-income trade area with average household incomes exceeding $150,000 within one mile and steady population growth projections.
  • • Located 1.5 miles from Highway 288, offering excellent accessibility and regional connectivity.
  • • Surrounded by established and expanding residential neighborhoods, driving sustained consumer demand.
  • • Opportunity to increase returns through strategic lease-up of remaining vacancy.

OVERVIEW

Assumable Debt: Balance: ±$6,950,000 Interest Rate: 4.13% Maturity Date: 8/6/2029 This retail investment opportunity at 9223 Broadway Street in Pearland, Texas, offers a stabilized asset in one of Houston’s most dynamic suburban markets. The property comprises 35,132 square feet of leasable area on a 2.55-acre parcel and features 477 feet of frontage along Broadway Street, a major commuter and commercial corridor in Pearland. With a diversified tenant mix including medical services, retail, and food establishments, the center benefits from strong visibility and ease of access. The site is currently 77.3% occupied, creating potential upside through lease-up strategies while generating solid in-place income. The offering reports a Net Operating Income (NOI) of $583,276 and a cap rate of 6.25%, providing investors with a balanced combination of security and value-enhancement opportunity. This area has witnessed sustained population growth, with over 177,000 residents within a five-mile radius and average household income exceeding $150,000 within one mile of the property. Located less than 1.5 miles from Highway 288, the property offers convenient connectivity to the Greater Houston Area, making it attractive to both national and local tenants. With long-term demographic trends favoring continued retail demand and Pearl­and's position as one of the fastest-growing submarkets in Texas, this asset combines immediate income stability with long-term growth potential.

FOR SALE DETAILS

PRICE

$9,229,920 USD

PRICE/SF

$263 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

151

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

GB

APN/PARCEL ID

7867-0001-002

ASK ABOUT THIS PROPERTY

Marc PeelerPartnersMore Info
713-275-9606

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Marc PeelerPartnersMore Info
713-275-9606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.