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

    3695 Kirby Dr Pearland, TX 77584

    • Community centers
    • 23,626 SF
    • 3.79 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Mar 04, 2020
    Value Estimations
    $935,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0347275
    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

    • Kirby Smiles Dentist / Cosmetic Dentist / Dental Clinic
    • Poolscapes Of Texas / Swimming Pool Contractor
    • Fab & Fit Foods / Delivery Service / Weight Loss Service
    • Rollie's Frozen Custard / Ice Cream Shop / Dessert Shop
    • Carey Business Solutions / Accountant

    Property Details for 3695 Kirby Dr

    Year built
    2019
    Construction
    FRAME
    Lot size
    3.79 lot acres
    Property size
    23,626 SF
    Property type
    Community centers
    APN
    0564-0033-105
    APU
    5640033105

    Description

    This exceptional retail center, located at 3695 Kirby Drive in Pearland, Texas, 77584, offers 23,504 square feet of prime commercial space in a single, one-story building constructed in 2019. The property boasts a Class B rating and sits on a generous 3.79-acre lot, providing ample space and visibility. Currently, there are 11 suites, with 4,270 square feet of vacant space available for lease. Units range from a minimum of 915 square feet to a maximum contiguous space of 4,960 square feet, offering flexibility for various business needs. The center features convenient dual access points from both Magnolia Parkway and Kirby Drive, ensuring high visibility and easy accessibility for customers. Its strategic location near the heavily trafficked SH 288 (approximately 95,000 cars daily) further enhances its appeal. The property benefits from its proximity to Pearland's thriving west side, surrounded by existing and planned residential developments, guaranteeing a strong customer base. Ample parking is provided with 142 spaces available for tenants and customers. This is an excellent opportunity for businesses seeking a well-located, modern retail space in a rapidly growing area. The property is conveniently located near major roadways, offering easy access for both employees and customers. No elevators are present in this single-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,243,000
      Market price range: $812k - $1.30M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,010,000
      Current use
      OFFICE BUILDING
      $1,395,000
      Change: +38% Conversion: Moderate
      MEDICAL BUILDING
      $1,320,000
      Change: +31% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,035,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pearland
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4011
    Latitude
    29.5421
    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
    $131,438
    $1,934,130
    $4,618,560
    $6,552,690
    -
    $1,934,130
    $4,618,560
    $6,552,690

    Comparable in this City

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      $1,295,000
      25,900 SF

      10228 Broadway St

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      10009 Broadway St

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    • Value Estimation by Request
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      15818 Ss Fwy

      MINI-MALL • 12,000 SF
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      10,655 SF

      11940 Broadway St

      Lifestyle centers • 10,655 SF
      11940 Broadway St, Pearland, TX 77584
      View Details
    • Value Estimation
      $1,120,000
      34,000 SF

      12155 Shadow Crk Pkwy

      MINI-MALL • 34,000 SF
      12155 Shadow Crk Pkwy, Pearland, TX 77584-7289
      View Details

    Similar Nearby for Sale

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      10,655 SF

      Broadway Plaza II: Pearland Retail Center

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      Pearland Retail Building For Sale

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      Pearland Car Wash Investment Property

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      Pearland Hard Corner Pad Site

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    Similar Nearby for Lease

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      Pearland Town Center Retail Space

      Prime Pearland retail space, multiple units available.
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      Prime location with versatile spaces for retail and professional use.
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      Retail Space Near Shadow Creek

      Retail space for lease near Shadow Creek Ranch community.
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      View Details
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      Retail Space in Pearland Corridor

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      Pearland Retail Development Opportunity

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    • $31 SF/Yr
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      Retail Center on Kirby Drive

      12,000 SF retail center near Shadow Creek Ranch.
      1799 Kirby Dr, Pearland, TX 77584
      View Details
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    3695 Kirby Dr
    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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