Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    3901 Magnolia Parkway, Pearland, TX 77584

    View on Map
    Claim this Listing
    For Sale
    $1,999,999

    10.07 acres with city utilities in growing area.

    Type:Land or Vacant Lot
    Lot size:
    10.07 Acres
    Added:
    Sep 25, 2024
    Days on Market:
    616
    Last Refresh:
    May 10 at 11:05 pm

    Property Features for 3901 Magnolia Parkway

    General Information

    Standard status
    Active
    Lot size
    10.07 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    SHANE BERGESON

    Listing agent SHANE BERGESON

    Listing office BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE - BAY AREA

    Listing date Sep 25, 2024

    Source Corcoran

    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 BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE - BAY AREA

    HighLights

    • Prime location in rapidly growing Brazoria County, with projected population growth.
    • Zoned for both light and heavy industrial use, offering versatile development opportunities.
    • Over 900 feet of frontage providing excellent visibility and access.
    • Equipped with all city utilities, including water and sewer provided by the City of Pearland.
    • Quick access to Beltway 8, Highway 288, and Interstate 35.
    • Property is outside the flood plain.

    Overview

    This commercial property spans 10.07 acres and features over 900 feet of frontage. Zoned for both light and heavy industrial use, the property is located in a rapidly growing area of Brazoria County. According to the seller, the property is outside the flood plain and offset detention is required. The site is equipped with all city utilities, including water and sewer provided by the City of Pearland. The projected population within a 3-mile radius is expected to reach 84,483 by 2023, reflecting a 13.42% growth over five years. The location provides quick access to Beltway 8, Highway 288, and Interstate 35, facilitating connectivity to the Texas Medical Center, the Galleria, downtown Houston, and Hobby Airport. Nearby amenities include the Pearland Town Center, a 700,000 square foot open-air mall with major retailers, and Magnolia Pkwy, a 4-lane boulevard offering an alternative route to FM 518. This property presents a commercial development opportunity in a prime location.
    Property Profile 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
    -95.3136
    Latitude
    29.53

    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
    • $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
    • $425,000

      Commercial Property on Harkey Road

      Commercial property for sale with city utilities available.
      2829 Harkey Rd, Pearland, TX 77584
      View Details
    • $1,500,000
      42,480 SF

      Pearland NNN Ground Lease Opportunity

      NNN ground lease with a nationally recognized tenant.
      1722 N Main St, Pearland, TX
      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
    • $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
    • $275,000

      3-Acre Parcel on Highway 35

      3-acre parcel with highway frontage, ideal for business.
      5350 N Highway 35, Pearland, TX 77511
      View Details
    • $889,000

      Pearland Hard Corner Pad Site

      1.741-acre pad site with traffic light in Pearland, Texas.
      0 Cullen Pkwy, Pearland, TX 77584
      View Details
    • $610,000

      Cleared Land on Bailey Road

      1.7 acre cleared tract near Highway 288.
      0 Bailey Rd, Pearland, TX 77584
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.07 acres with city utilities in growing area.
    Where is this commercial land located?
    The property is located at 3901 Magnolia Parkway Pearland, TX.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: Prime location in rapidly growing Brazoria County, with projected population growth.; Zoned for both light and heavy industrial use, offering versatile development opportunities.; Over 900 feet of frontage providing excellent visibility and access.
    (281) 486-1900
    We can help!
    Listing Contact
    SHANE BERGESON
    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

    Thank You for Inquiry
    3901 Magnolia Parkway, Pearland, TX 77584
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!