Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7220 Magnolia Pkwy Pearland, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Cleared 1.97-acre pad site with high visibility and utilities.

    Type:LAND
    Lot size:
    1.97 Acres
    Added:
    Jun 15, 2024
    Days on Market:
    682
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for 7220 Magnolia Pkwy

    General Information

    Standard status
    Active
    Lot size
    1.97 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    J Coy Wheeler

    Listing agent J Coy Wheeler

    Listing office Keller Williams Realty Metropolitan

    Listing date Jun 15, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Metropolitan

    Overview

    Prime Pad Site Available

    This cleared 1.97-acre pad site is highly visible from FM 1128/Manvel Rd, offering over 216 feet of road frontage on Magnolia Pkwy. It is situated next to a 7-11 at the southwest corner of the Magnolia Pkwy/FM 1128 traffic light, with access from shared access drives off Magnolia and FM 1128. All Pearland city utilities are available, and the site is "shovel ready". The underlying zoning is General Business, and the site will be built up 2 feet above the 500-year Base Flood Elevation. Off-site shared detention is in place with an oversized conveyance line running from the southeast corner of the property. The site is part of an approved Planned Development anchored by a 360-unit Class A multifamily project currently under construction. The lot is located 3.5 miles east of Hwy 288, 3.3 miles west of Hwy 35, 6 miles north of Hwy 6, and 1 mile south of FM 518. It is also 15 miles south of the Texas Medical Center and 18 miles south of Downtown Houston. Magnolia Pkwy is a 4-lane boulevard connecting Hwy 288 to Pearland Pkwy, offering an alternative to FM 518. Massey Oaks Elementary, Miller Jr High, and Rogers Middle School are all nearby. Just south of the site is Pearland's new Massey Oaks Ranch Master-Planned Community, which will bring approximately 950 new homes to the area. A list of approved uses in the Planned Development document is available. Previous Phase 1 Environmental Assessment, Traffic Impact Analysis, and Geotechnical reports will be provided after a contract is signed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Hair Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Big Box & Wholesale Store Daycare Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.3207
    Latitude
    29.5321

    Nearby Similar for Sale

    • $1,975,000

      Pearland Car Wash Investment Property

      Fully leased car wash with landlord opportunity in Pearland.
      1980 Country Place Parkway, Pearland, TX 77584
      View Details
    • $325,000

      Corner Lot Ready for Development

      0.57-acre corner lot in Pearland with high visibility.
      16622 Mclean Rd, Pearland, TX 77584
      View Details
    • $5,400,000
      18,264 SF

      Pearland Class A Office Building

      Two-story Class A office building in Pearland, Texas.
      1535 Cullen Parkway, Pearland, TX 77581
      View Details
    • $375,000
      1,250 SF

      Move-in Ready Class A Office

      Class A office suite in Pearland's Shadow Creek corridor.
      11960 Broadway St, Pearland, TX
      View Details
    • $325,000

      Corner Lot Ready for Development

      0.57-acre corner lot in Pearland with high visibility.
      16622 McLean Road, Pearland, TX 77584
      View Details
    • $525,000

      Land Parcel on FM 1128

      6-acre land parcel with frontage on FM 1128.
      4101 Fm 1128 Rd, Pearland, TX 77584
      View Details
    • $699,000
      2 SF

      Commercial Land For Sale

      2.18 acres of commercial land in Pearland, Texas.
      1636 Max Road, Pearland, TX, 77581
      View Details
    • $1,100,000

      Prime Commercial Land on Main

      High-visibility land in Pearland, ideal for development.
      3404 S Main Street, Pearland, TX 77581
      View Details
    • $2,500,000
      6,360 SF

      Pearland Airpark Aviation/Commercial Land

      12.85 acres of versatile aviation or commercial-use land.
      7911 James Street, Pearland, TX 77584
      View Details
    • $750,000
      1,454 SF

      Commercial Land For Sale

      1.7 acres of land suitable for commercial development.
      8022 Bailey Road, Pearland, TX 77584
      View Details
    • $425,000

      Commercial Property on Harkey Road

      Commercial property for sale with city utilities available.
      2829 Harkey Road, Pearland, TX 77584
      View Details
    • $1,900,000
      13,980 SF

      Industrial Facility with Ramp Access

      13,980 SF industrial facility on 2.5 acres in Pearland.
      1950 Oday Rd, Pearland, TX 77581
      View Details

    FAQs

    What type of property is this?
    Land - Cleared 1.97-acre pad site with high visibility and utilities.
    Where is this land located?
    The property is located at 7220 Magnolia Pkwy Pearland, TX.
    What is the asking price?
    The asking price for this property is $1,372,960.
    What are key features of this property?
    This property features: 1.97‑acre pad site visible from FM 1128/Manvel Rd with **216+ feet of road frontage on Magnolia Pkwy.**; Located next to a 7‑11 at a traffic light intersection (SW Corner of Magnolia Pkwy/FM 1128) with shared access drives.; All Pearland city utilities available and site is "shovel ready".
    (832) 752-6487 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    J Coy Wheeler
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!