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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2703 Veterans Dr Pearland, TX 77584-1410

    • Office buildings
    • 17,952 SF
    • 19.55 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3394094
    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.

    Current Use by Public Records

    • Pearland EMS Ambulance / Ambulance Service / Government
    • City of Pearland David L. Smith Fire Administration Building / Fire Station
    • Calco Constructors Inc / General Contractor

    Property Details for 2703 Veterans Dr

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Lot size
    19.55 lot acres
    Property size
    17,952 SF
    Property type
    Office buildings
    APN
    7028-0104-000
    APU
    70280104000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $540,000
      Market price range: $541k - $1.80M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2878
    Latitude
    29.5581
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $0.00
    $670,760
    $1,035,170
    $1,705,930
    -
    $670,760
    $1,035,170
    $1,705,930

    Comparable in this City

    • Value Estimation
      $225,000
      8.95 Acres

      Fm 518

      OFFICE BUILDING • 8.95 Acres
      Fm 518, Pearland, TX 77584
      View Details
    • Value Estimation
      $895,000
      8,444 SF

      12900 Shadow Crk Pkwy

      OFFICE BUILDING • 8,444 SF
      12900 Shadow Crk Pkwy, Pearland, TX 77584-7471
      View Details
    • Value Estimation
      $365,000
      10,207 SF

      2360 County Rd 94

      OFFICE BUILDING • 10,207 SF
      2360 County Rd 94, Pearland, TX 77584-5136
      View Details
    • Value Estimation
      $305,000
      10,207 SF

      2360 County Rd 94th Ste, Unit 108

      OFFICE BUILDING • 10,207 SF
      2360 County Rd 94th Ste, Pearland, TX 77584-5135
      View Details
    • Value Estimation
      $515,000
      17,820 SF

      1920 Country Pl Pkwy

      OFFICE BUILDING • 17,820 SF
      1920 Country Pl Pkwy, Pearland, TX 77584-2282
      View Details
    • Value Estimation
      $1,010,000
      33,098 SF

      11200 Broadway St

      OFFICE BUILDING • 33,098 SF
      11200 Broadway St, Pearland, TX 77584-9785
      View Details

    Similar Nearby for Sale

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      1,250 SF

      Move-in Ready Class A Office

      Class A office suite in Pearland's Shadow Creek corridor.
      11960 Broadway St, Pearland, TX 77584
      View Details
    • Contact for pricing
      20.63 Acres

      Shadow Creek Ranch Land

      20+ Acres, Prime Pearland Location
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    • Contact for pricing
      6.70 Acres

      Pearland Commercial Land - 6.7 Acres

      Shovel-ready land, prime Pearland location.
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    • Contact for pricing
      10.00 Acres

      Pearland Commercial Land - 10 Acres

      Prime 10-acre commercial lot near Pearland Town Center.
      0 Business Center Dr, Pearland, TX 77584
      View Details
    • Contact for pricing

      Shadow Creek Ranch Development Site

      11.88 acre development site with high-traffic visibility.
      13413 Shadow Creek Pkwy, Pearland, TX 77584
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    • $152,500

      Residential Land in Desirable Area

      Half-acre lot suitable for building or manufactured home.
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    Similar Nearby for Lease

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      1,523 SF

      Pearland Office Space For Rent

      Office space available for lease in Pearland, Texas.
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      View Details
    • $18 SF/Yr
      4,239 SF

      Pearland Office Space For Lease

      Office space available for lease in Pearland, Texas.
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      View Details
    • $0.78 SF/Yr
      4,500 SF

      Air-Conditioned Warehouse/Office Combo in Pearland

      4,500 SF warehouse/office combo with ample parking in Pearland.
      18403 Pearland Sites Rd, Pearland, TX 77584
      View Details
    • $26 SF/Yr
      1,949 SF

      Medical Space in Pearland

      Second generation medical space in a rapidly expanding area.
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    • $21 SF/Yr
      6,173 SF

      Pearland Medical Office Space for Lease

      Prime Medical Office: 2,078 SF Available
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    • $22 SF/Yr
      13,726 SF

      Pearland Executive Office Suites

      Prime Pearland location, flexible office spaces.
      11200 Fl, Pearland, TX 77584
      View Details
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    2703 Veterans Dr
    Pearland, TX 77584-1410
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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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