4101 Fm 1128 Rd Pearland, TX 77584
- Commercial real estate
- 1,556 SF
- 6.76 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4101 Fm 1128 Rd
- Year built
- 1967
- Lot size
- 6.76 lot acres
- Property size
- 1,556 SF
- Property type
- Commercial real estate
- APN
- 0549-0015-120
- APU
- 5490015120
Description
This exceptional 6.7-acre commercial and residential land parcel is ideally situated in Pearland, Texas, off FM 1128 Road (address: 4101 FM 1128 Rd, zip code 77584), boasting approximately 500 feet of frontage on the heavily trafficked FM 1128/Manvel/Masters Road. Located in Brazoria County, this property offers significant development potential, situated between the rapidly growing communities of Pearland and Manvel. The American Canal forms a natural border to the north, partially encompassing the rear corner. While a previous homestead existed, all structures have been removed. A deep well and multiple septic systems were previously in place, although their current condition is unknown, with at least one septic system having been backfilled. The city has secured a 20-foot water line easement along the property's front, suggesting future city water availability. Buyers are responsible for verifying all lot dimensions and development details. Note that the property is outside Pearland and Manvel city limits. High traffic counts are observed on FM 1128, stemming from its connections to FM 518, Bailey Road (CR 101), and Highway 6. An existing pond on the property is shared with neighboring properties to the north. The asking price for this remarkable opportunity is $525,000. The APN is 0549-0015-120.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $350,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $280,000
- 6.5%
- $260,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $329,000
Market price range: $230k - $395k
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Location Insight
- Map
- Local Demand
- City
- Pearland
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3294
- Latitude
- 29.5232
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA