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    1855 Cullen Blvd Pearland, TX 77581

    Sponsored
    For Sale
    $3,500,000

    Ten-acre industrial complex, two warehouses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional investment opportunity presents a substantial 10-acre industrial property in Pearland, Texas, featuring two warehouses totaling approximately 36,576 square feet. The front building, constructed in 1991, offers 21,576 square feet of space, currently divided into several units. Unit 103 (13,500 sq ft), Unit 103 Extension (1,000 sq ft), Unit 107 (6,500 sq ft), and Unit 113 (576 sq ft) are all currently vacant, presenting immediate leasing potential. The rear building, built in 1999, comprises 15,000 square feet and includes several occupied units: Unit 304 (5,000 sq ft), Unit 306 (2,500 sq ft), Unit 308 (2,500 sq ft), Unit 309 (2,500 sq ft), and Unit 312 (2,500 sq ft). Two of these units are owner-occupied. The property is equipped with a septic system and a water well. Its strategic location offers convenient access to major areas, including approximately 26 minutes to Sugar Land, 30 minutes to the Galleria, 24 minutes to Downtown Houston, 24 minutes to William P. Hobby Airport, 25 minutes to League City, 12 minutes to Memorial Hermann Hospital, and 7 minutes to HCA Houston Healthcare. This property is priced at $3,500,000 and presents a compelling opportunity for significant return on investment. The property is located at 1855 Cullen Blvd, Pearland, TX 77581, in Brazoria County.

    Property Features for 1855 Cullen Blvd

    General Information

    Property type
    Distribution properties
    Lot Size
    435,600 SF

    We can help!

    Listing Contact
    Danny Nguyen, CCIM
    Danny Nguyen, CCIM

    Learn more

    Property Insight Report

    HighLights

    • 10‑acre site with two warehouses totaling approximately 36,576 SF.
    • Warehouse #1 (1991 construction): 21,576 SF, featuring four vacant units totaling 21,576 SF.
    • Warehouse #2 (1999 construction): 15,000 SF, with four units; three occupied (7,500 SF total) and one owner‑occupied (2,500 SF).
    • On‑site septic and water well.
    • Convenient location: ~25 minutes to major employment centers (Sugar Land, Galleria, Downtown Houston), Hobby Airport, and League City; ~12 minutes to Memorial Hermann Hospital and ~7 minutes to HCA Houston Healthcare.
    Property Profile Location Intelligence

    Current Use by Public Records

    All About Outdoor ... Landscape Lighting Designer All Wood Industries ... Woodworker Top Quality Services, ... Small Engine Repair Service Line Drive Sports Batting Cage Center Fielder's Choice Landscaper

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.350952434988
    Latitude
    29.578852525547

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    FAQs

    What type of property is this?
    Distribution property - Ten-acre industrial complex, two warehouses.
    Where is this distribution property located?
    The property is located at 1855 Cullen Blvd Pearland, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 10-acre site with two warehouses totaling approximately 36,576 SF.; Warehouse #1 (1991 construction): 21,576 SF, featuring four vacant units totaling 21,576 SF.; Warehouse #2 (1999 construction): 15,000 SF, with four units; three occupied (7,500 SF total) and one owner-occupied (2,500 SF).
    Request Owner's contact information
    1855 Cullen Blvd Pearland, TX 77581
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    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
    1855 Cullen Blvd Pearland, TX 77581
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    We can help!
    Listing Contact
    Danny Nguyen, CCIM
    Danny Nguyen, CCIM
    Real Estate License ID: TX
    Learn more
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