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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
3222 Manvel Rd Pearland, TX 77584-7580
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-3024321
Property summary
AI-generated overview
This exceptional 8,250-square-foot industrial flex space at 3222 Manvel Road in Pearland, Texas, presents a unique investment opportunity. The single-tenant building, constructed in 2000, boasts a Class B rating and sits on a 1.25-acre lot. The property features a 22-foot ceiling height, enhancing storage and operational efficiency. Access is convenient with two dock-high doors and two drive-in doors, complemented by 13 total parking spaces. The layout includes both climate-controlled office space and non-climate-controlled warehouse areas, providing versatility for various business needs. Zoned for General Commercial use, this property offers significant potential. Located conveniently south of Broadway Street and north of Magnolia Parkway, it provides easy access to Highway 288. The property also includes approximately 0.35 acres of rear, non-secure yard space. This well-maintained building is ready for immediate occupancy. The address is 3222 Manvel Rd, Pearland, TX 77584, with cross streets of FM 1128 and Fite Rd. The property consists of one single-story building. Elevators are not available.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
8,250 SF
Lot
1.25 ac (54,450 SF)
APN
0242-0016-120
UPID
US82-3024321
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
-
Texas Precision Roofers Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Marace Realty Company LLC · 3 yrs held
Marace Realty Company LLC
since 2022
Last sale
$750,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$920,000
+68.6%
Auto repair, garage
$825,000
+51.2%
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
$760,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$545,000
Current use
RESTAURANT
$920,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$485,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$460,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Oct 26 2022)
Last sale anchor
$750k
Oct 26 2022
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
$91 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$20,026
Tax year 2024
Assessed value
$886,170
Assessed 2024
Previous assessed
$901,500
-1.7% YoY
Effective rate
2.26%
On assessed value
Assessed land
$113,260
Assessed improvement
$772,910
Land market value
$113,260
Improvement market value
$772,910
Total market value
$886,170
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
PACKAGE
Total area
8,250 SF
Lot
1.25 ac (54,450 SF)
APN
0242-0016-120
UPID
US82-3024321
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
WAREHOUSE, STORAGE Current
Est. value
$545,000
RESTAURANT
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$825,000
OFFICE BUILDING
Est. value
$485,000
MEDICAL BUILDING
Est. value
$460,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL 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
2000
Heating
PACKAGE
Lot
1.25 ac
Current owner
From public records · entity-resolved
Marace Realty Company LLC
Entity
Mailing address
PO BOX 982, PEARLAND, TX 77588-0982
Ownership since
2022
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
Oct 26, 2022
$750,000
Marace Realty Company LLC
Elliott Partners Ltd
Warranty Deed
$750,000 · Texas Advantage Community Bank NA
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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