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Property profile

0 Cullen Pkwy Pearland, TX 77584

OFF-MARKET
Land
0.61 ac lot
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Property summary

AI-generated overview

This 0.609-acre commercial land parcel is located in Pearland, Texas, at the southeast corner of Cullen Parkway (FM 865) and Old Chocolate Bayou Road. The property boasts approximately 212 feet of frontage on Cullen Parkway, 106 feet on Old Chocolate Bayou Road, and 123 feet on Serenity Court, with shared access drives. It's zoned for General Business use and features all city utilities and off-site detention. A cell tower on the site is under a separate lease, not included in the sale. The property is situated next to the Residences on the Parkway, a new 109-unit townhome development, and enjoys a prime location near major thoroughfares including the South Freeway (Hwy 288), Sam Houston Parkway (BW-8), Hwy 35, FM 518/Broadway Street, Magnolia Parkway, and McHard Road. Its proximity to residential areas, sports parks, churches, and schools, along with easy access to Downtown Houston, the Texas Medical Center, and Hobby Airport, makes it highly attractive. Nearby amenities include Pearland Town Center, Silverlake Village, Cinemark Cinemas, and Memorial Hermann and Kelsey-Seybold hospitals. The property is also close to three master-planned communities: Shadow Creek Ranch, Silver Lake, and Southwyck. City of Pearland incentives are available. This location is perfect for retail, office, or quick-service restaurants with drive-thrus. The asking price is $175,000. An additional 1.8194-acre pad site is also available separately.

Property profile

Verified
Property type Land
Lot 0.61 ac (26,528 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Cullen Pkwy Pearland, TX 77584
Pearland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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