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

    2808 Smith Rnch Rd Pearland, TX 77584-5253

    • Turn key restaurants
    • 6,901 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3164032
    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

    • Olive Garden Italian Restaurant / Italian Restaurant / Caterer

    Property Details for 2808 Smith Rnch Rd

    Year built
    2005
    Lot size
    1.28 lot acres
    Property size
    6,901 SF
    Property type
    Turn key restaurants
    APN
    7953-0001-001
    APU
    79530001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $576,000
      Market price range: $500k - $937k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $770,000
      Current use
      AUTO REPAIR, GARAGE
      $690,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.3865
    Latitude
    29.5575
    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
    $36,935
    $581,890
    $1,612,020
    $2,193,910
    -
    $581,890
    $1,612,020
    $2,193,910

    Comparable in this City

    • Value Estimation
      $610,000
      6,358 SF

      9005 Broadway St

      RESTAURANT • 6,358 SF
      9005 Broadway St, Pearland, TX 77584-7723
      View Details
    • Value Estimation
      $855,000
      9,838 SF

      3515 Business Ctr Dr

      RESTAURANT • 9,838 SF
      3515 Business Ctr Dr, Pearland, TX 77584-1953
      View Details
    • Value Estimation
      $535,000
      7,431 SF

      2526 Smith Rnch Rd

      RESTAURANT • 7,431 SF
      2526 Smith Rnch Rd, Pearland, TX 77584-5235
      View Details
    • Value Estimation
      $625,000
      7,103 SF

      11104 Broadway St

      RESTAURANT • 7,103 SF
      11104 Broadway St, Pearland, TX 77584-9754
      View Details
    • Value Estimation
      $935,000
      8,171 SF

      11200 Broadway St

      RESTAURANT • 8,171 SF
      11200 Broadway St, Pearland, TX 77584-9785
      View Details
    • Value Estimation
      $610,000
      8,949 SF

      3251 Silverlake Vlg Dr

      RESTAURANT • 8,949 SF
      3251 Silverlake Vlg Dr, Pearland, TX 77584-8019
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,655 SF

      Broadway Plaza II: Pearland Retail Center

      Brand new Class A shopping center with strong leases.
      11940 Broadway St, Pearland, TX 77584
      View Details
    • $6,300,000
      15,832 SF

      Pearland Retail Building For Sale

      Single-tenant retail building in Pearland, TX, leased to Kid City.
      12152 Shadow Creek Pkwy, Pearland, TX 77584
      View Details
    • $1,975,000
      0.40 Acres

      Pearland Car Wash Investment Property

      Fully leased car wash with landlord opportunity in Pearland.
      1980 Country Place Pkwy, Pearland, TX 77584
      View Details
    • $4,900,000
      20.00 Acres

      Pearland Commercial Land Opportunity

      20-acre commercial lot, prime location.
      2905 Smith Rd, Pearland, TX 77584
      View Details
    • $525,000
      6.70 Acres

      Pearland Commercial Land - 6.7 Acres

      Prime Pearland acreage, high traffic area.
      4101 Fm 1128 Rd, Pearland, TX 77584
      View Details
    • $1,800,000
      6.75 Acres

      Prime Pearland Commercial Land

      6.75 Acres, $1.8M, City Utilities
      2625 Hillhouse Rd, Pearland, TX 77584
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,789 SF

      Sedona Lakes Plaza Retail Space

      Manvel retail space, multiple tenants, high growth area.
      10237 Bailey Rd, Pearland, TX 77584
      View Details
    • Contact for pricing
      9,003 SF

      Prime Pearland Retail Opportunity

      8 Acres, Multiple Spaces Available
      8809 Broadway St, Pearland, TX 77584
      View Details
    • Contact for pricing
      5,800 SF

      Pearland Retail Space with Drive-Thru

      Retail space available in Pearland, Texas, with drive-thru.
      8701-8703 W Broadway St, Pearland, TX 77584
      View Details
    • Contact for pricing
      47,480 SF

      Pearland Retail Center Opportunity

      High-traffic retail land, 1 acre available
      10011 Broadway St, Pearland, TX 77584
      View Details
    • Contact for pricing
      74,469 SF

      Pearland Retail Development Opportunity

      New retail and pad sites available Q4 2026.
      8900 Broadway St, Pearland, TX 77584
      View Details
    • $33 SF/Yr
      2,300 SF

      Retail Space in Growing Area

      Retail space in high-traffic Pearland location near Shadow Creek.
      12567 Broadway St, Pearland, TX 77584
      View Details

    Property Visit Statistics

    • Visits by month
      24.6k
    • Visitors by month
      20.7k
    • Avg Time on site
      61 min
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    2808 Smith Rnch Rd
    Pearland, TX 77584-5253
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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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