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    2905 Smith Rd Pearland, TX 77584

    For Sale
    $4,900,000

    20-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 20-acre commercial land parcel, located at 2905 Smith Rd, Pearland, Texas 77584, presents a unique investment opportunity. Priced at $4,900,000 ($5.62 per square foot), this property offers significant potential for development. Alternatively, a 15-acre portion is available for $3,400,000 ($5.20 per square foot), or a 5-acre parcel for $1,500,000 ($6.89 per square foot). The property includes a 1,452 square foot house. Its strategic location provides convenient access to major thoroughfares, including Beltway 8 and SH 288, with FM 518 approximately one minute away. The property enjoys proximity to key destinations such as the Texas Medical Center (13 miles), Downtown Houston (16 miles), and Houston Hobby Airport (12 miles). This area is experiencing significant growth, with notable developments underway, including the expansion of the Pearland campus of Memorial Hermann and the construction of a 27,000-square-foot expansion of the Kelesy-Seybold Clinic on State Highway 288. A new Pearland Marriott Residence Inn is also planned. Furthermore, the property is adjacent to a 26,000 square foot retail development by Braun Enterprises. This prime location and the surrounding growth make this an attractive investment for various commercial ventures.

    Property Features for 2905 Smith Rd

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • 20‑acre commercial land parcel available, with options for 15‑acre and 5‑acre purchases.
    • 20‑acre parcel priced at $4,900,000 ($5.62/SF), including a 1,452 SF house.
    • 15‑acre parcel priced at $3,400,000 ($5.20/SF).
    • 5‑acre parcel priced at $1,500,000 ($6.89/SF).
    • Excellent access to Beltway 8, SH 288, and FM 518 (approx. 1 minute away).
    • Convenient proximity to Texas Medical Center (13 miles), Downtown Houston (16 miles), and Hobby Airport (12 miles).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.36440395332
    Latitude
    29.556216236942

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    FAQs

    What type of property is this?
    Land - 20-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 2905 Smith Rd Pearland, TX.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: 20-acre commercial land parcel available, with options for 15-acre and 5-acre purchases.; 20-acre parcel priced at $4,900,000 ($5.62/SF), including a 1,452 SF house.; 15-acre parcel priced at $3,400,000 ($5.20/SF).
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    Pearland, TX 77584
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    Realmo Value Estimation

    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.

    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.

    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
    2905 Smith Rd Pearland, TX 77584
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