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    2521 Business Center Dr Pearland, TX 77584
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    Property profile & analytics

    2521 Business Center Dr Pearland, TX 77584

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    • Commercial real estate
    • 5.00 lot acres
    Off-Market
    Property ID
    US82-7060965
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Abbey Roofing Service / Roofing Company / General Contractor

    Property Details for 2521 Business Center Dr

    Lot size
    5.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Pearland, Texas. Located at 2521 Business Center Drive, 77584, this property boasts a highly visible location adjacent to major retail anchors, including a Sam's Club, and is in close proximity to prominent medical facilities such as Kelsey-Seybold Clinic and Memorial Hermann Hospital. The site is zoned PUD (Planned Unit Development), offering flexibility for a variety of uses. Its level, rectangular shape simplifies development, and existing detention infrastructure is already in place, saving on upfront costs. Convenient access is provided via Business Center Drive and Highway 288, with cross-access to an adjacent property. The property's strategic location within a thriving retail corridor and near the Texas Medical Center (a mere 15-minute drive) makes it exceptionally attractive for retail, medical, or hospitality developments. Ground lease or build-to-suit options are available, providing flexibility to suit individual development plans. National retailers are prevalent in the immediate area, ensuring high visibility and strong potential for success. This is a rare opportunity to acquire a prime commercial site in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.3897432
    Latitude
    29.5655437

    Comparable in this City

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      Unrestricted Land with High Visibility

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      Land in High Traffic Area

      Commercial land available near Pearland Town Center with utilities.
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      6.09 Acres in Pearland, TX

      Three parcels totaling 6.09 acres with road frontage.
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    • $9,500,000

      Raw Land Along Highway 288

      16.61 acres of raw land zoned BP-288.
      10522 Hughes Ranch Rd, Pearland, TX 77584
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    Similar Nearby for Sale

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      Prime Commercial Land Opportunity

      20+ acres available in Pearland's growing medical hub.
      State Highway 288, Pearland, TX 77584
      View Details
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      Unrestricted Land with High Visibility

      Unrestricted land with utilities, easy access, and heavy traffic.
      2985 Kingsley Dr, Pearland, TX 77584
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      Land in High Traffic Area

      Commercial land available near Pearland Town Center with utilities.
      Business Center Dr, Pearland, TX 77584
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    • $2,400,000

      6.09 Acres in Pearland, TX

      Three parcels totaling 6.09 acres with road frontage.
      3638 Manvel Rd, Pearland, TX 77584
      View Details
    • $9,500,000

      Raw Land Along Highway 288

      16.61 acres of raw land zoned BP-288.
      10522 Hughes Ranch Rd, Pearland, TX 77584
      View Details

    Similar Nearby for Lease

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      Commercial Land Near Houston Port

      Commercial land for rent near major Houston landmarks.
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      Prime Retail Land on Broadway

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      New Development in Pearland, Texas

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      Versatile Workspace Solutions Available

      Global network of workspaces offering flexible office solutions.
      11200 Broadway St, Pearland, TX 77584
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      6,272 SF

      Healthcare Property Available For Rent

      Healthcare property with 6,272 square feet available for lease.
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    • $22 SF/Yr
      900 SF

      Modern Office Space in Pearland

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    Pearland, TX 77584
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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
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