17327 Pearland Sites RdPearland, TX 77584

For Sale
$1,200,000

Three Warehouses, 12,846 SF, High NOI Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents three industrial warehouses totaling approximately 12,846 square feet situated on a two-acre lot in Pearland, Texas. The property features three buildings, each with unique characteristics. Warehouse 1 boasts approximately 5,700 square feet, a 16-foot clear height, a 16-foot door height, and an overhead crane. Warehouse 2 offers approximately 4,000 square feet with a 19-foot clear height and 16-foot door height, currently occupied by a month-to-month tenant at a below-market rate, providing immediate cash flow. Warehouse 3 comprises approximately 3,150 square feet with a 16-foot eave height and a 12-foot door height. All three buildings benefit from 3-phase power. The two larger warehouses also include living/office space. Built in 1998 and renovated in 2007, this property offers a strong pro-forma NOI of $115,614 and a pro-forma cap rate of 9.63%, presenting significant upside potential for an owner-user or investor seeking to increase net operating income. The property's location in the rapidly growing Pearland market, within the South Highway 35 submarket, offers excellent access to major transportation routes and benefits from the robust Houston industrial market's continued expansion. The two lots share a well and each have their own septic system. The asking price is $1,200,000. APN: 0550-0049-110; 0550-0049-000.

Highlights

  • Three warehouse buildings totaling 12,846 square feet on a 2-acre lot in Pearland, TX.
  • Asking price: $1,200,000; Pro-forma cap rate: 9.63%; Pro-forma NOI: $115,614.
  • Features include a month-to-month tenant in one warehouse, offering immediate cash flow and owner-user or investor upside.
  • Warehouse 1: ~5,700 SF, 16' clear height, 16' door height, overhead crane.
  • Warehouse 2: ~4,000 SF, 19' clear height, 16' door height.
  • Warehouse 3: ~3,150 SF, 16' eave height, 12' door height.

Property Details for 17327 Pearland Sites Rd

Property type
Other warehouses, Other industrial properties
Square Feet
12,846 SF
Year Built/Renovated
1998/2007
Buildings
3
Lot Size (sq. ft)
87,120 SF
Units
3

Location Insight

City
Pearland
County
Brazoria
State
Texas
Latitude
29.522225082066
Longitude
-95.289040481501
17327 Pearland Sites Rd, Pearland, Texas

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17327 Pearland Sites Rd
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