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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
2813 Smith Rnch Rd Pearland, TX 77584-5254
Entity Owned
5-yr Hold
Free & Clear
Property ID
US82-3743764
Property summary
AI-generated overview
This exceptional 10,623-square-foot medical office building, situated on a spacious 4.05-acre lot in Pearland, Texas, presents a remarkable investment opportunity. Currently vacant, this Class B, single-story building is a fully operational, turnkey ambulatory surgery center (ASC) complete with an operating room and procedure room. A transferable state license ensures immediate functionality, eliminating lengthy setup delays. Built in 2005, the property boasts significant recent upgrades, including a new HVAC system and roof (both installed in 2021 and covered by warranties), minimizing future maintenance expenses. The strategic location within the Pearland MSA offers unparalleled access to a thriving medical market, complemented by nearby advanced facilities like Memorial Hermann Pearland Hospital and Pearland Surgery Center. This prime location, combined with the ample land, provides significant potential for future expansion or additional development, making this a highly attractive investment for medical professionals seeking a ready-to-use facility in a rapidly growing area. The asking price is $4,565,000, with a price per square foot of $429.73. The property's address is 2813 Smith Ranch Rd, Pearland, TX 77584.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2005
Total area
10,620 SF
Lot
4.05 ac (176,260 SF)
APN
0304-0010-140
UPID
US82-3743764
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Clinica de garganta Hospital
-
Nizar Chafic Charafeddine Physician
-
Umair Mahmood Siddiqui Physician
-
Pain Relief Center Texas Physician
-
Greater Houston Gastroenterology Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$560k
Owner & transaction history
Ridgestone Equity Group LLC · 5 yrs held
Ridgestone Equity Group LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$705,000
+18.6%
Office building
$625,000
+5.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pearland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$595,000
Current use
WAREHOUSE, STORAGE
$705,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Tax billed
$77,234
Tax year 2018
Assessed value
$3,154,140
Assessed 2023
Previous assessed
$3,154,140
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$916,550
Assessed improvement
$2,237,590
Land market value
$916,550
Improvement market value
$2,237,590
Total market value
$3,154,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2005
Heating
NONE
Total area
10,620 SF
Lot
4.05 ac (176,260 SF)
APN
0304-0010-140
UPID
US82-3743764
Jurisdiction
BRAZORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$705,000
OFFICE BUILDING
Est. value
$625,000
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
4.05 ac
Current owner
From public records · entity-resolved
Ridgestone Equity Group LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3050 POST OAK BLVD STE #1350, HOUSTON, TX 77056-6537
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2020
—
Ridgestone Equity Group LLC
Cmas Interests L-lc
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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