Standalone Office and Flex
4702 W Walnut Street Pearland, TX 77581
4702 W Walnut Street, Pearland, TX, 77581
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For Sale
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Two-building office property includes a main office layout plus a detached flex building for storage or support space.
Property Size1,596 SF
Lot Size0.46 Acres
Price / SF$197.37
Days on Market56
Property Features for 4702 W Walnut Street
General Information
- Standard status
- Active
- Size
- 1,596 SF
- Lot size
- 0.46 Acres
- Property subtype
- OFFICE
Listing agency
Keller Williams Realty
(917) 743-6241
Listed by
Chaundra Hugel Broughton, CCIM · License #667270-SA
(917) 743-6241
Source
Moodyscre
Added: May 27 Updated: Jul 20 at 10:19PM Checked: Jul 21 at 6:25AM
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
Investment Insights
Based on property information with market context.
This owner-user office property includes a main office building and a detached flex building on a single site. The main office is configured with two private offices, a conference room, reception/waiting area, a dedicated reception/administrative workspace, and a restroom. A separate detached flex building adds approximately 1,700 SF of additional space suitable for storage and other operational needs, including administrative support functions, meeting space, or records storage.
The property is zoned OP (Office & Professional). It is located at 4702 W. Walnut Street in Pearland and provides convenient access to Texas State Highway 35, FM 518 (Broadway Street), State Highway 228, and the Sam Houston Tollway.
Overall, the layout supports professional service operations with both client-facing and administrative areas in the main building, complemented by flexible space in the detached structure.
The property is zoned OP (Office & Professional). It is located at 4702 W. Walnut Street in Pearland and provides convenient access to Texas State Highway 35, FM 518 (Broadway Street), State Highway 228, and the Sam Houston Tollway.
Overall, the layout supports professional service operations with both client-facing and administrative areas in the main building, complemented by flexible space in the detached structure.
Key Highlights
- Owner‑user office at 4702 W. Walnut Street, Pearland, TX on a 20,038 SF lot
- Main office building features 896 SF with two private offices, conference room, reception/waiting, admin workspace, and restroom
- Detached 700 SF flex building adds space for storage, administrative support, meeting use, or records storage
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.6k | $14.76 |
| − Vacancy | −$6.7k | −$4.21 |
| EGI | $16.8k | $10.55 |
| − OpEx | −$4.2k | −$2.64 |
| NOI | $12.6k | $7.92 |
1,596 SF · lease $14.76/SF/yr · vacancy 28.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$180.5K
$157.9K – $210.5K
NOI $12,632 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$311.9K
$272.9K – $363.9K
NOI $21,834 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Barbara Whetten Attorney ...
Law Firm
Jayne Griffin Attorney ...
Law Firm
Pearland Family Chiropractic
Alternative Medicine Practice
Jayd Piercy Attorney ...
Law Firm
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FAQs
What type of property is this?
Office building - Two-building office property includes a main office layout plus a detached flex building for storage or support space.
Where is this office building located?
The property is located at 4702 W Walnut Street Pearland, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Owner‑user office at 4702 W. Walnut Street, Pearland, TX on a 20,038 SF lot; Main office building features 896 SF with two private offices, conference room, reception/waiting, admin workspace, and restroom; Detached 700 SF flex building adds space for storage, administrative support, meeting use, or records storage
