10555 Pearland PkwyHouston, TX 77089

Property Details for 10555 Pearland Pkwy

Year built

2007

Lot size

7.00 AC

Property size (Sq ft)

49,487 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1408770010001

APU

1408770010001

Description

This exceptional two-story, Class B office building, totaling 7,004 square feet, is strategically located in Las Vegas' vibrant Sahara corridor. Built in 1986, the property sits on a half-acre lot and offers multiple tenancy options, with one 1,800 square foot space currently available. The building boasts a desirable 10-foot ceiling height, providing ample space and flexibility for various business needs. Conveniently situated near Interstate 15, this location ensures high visibility and accessibility, benefiting from significant traffic counts. The surrounding area is densely populated with residential communities, diverse shopping options, quick-service restaurants, and personal service businesses, creating a thriving commercial environment. The proximity to the Las Vegas Strip, less than 1.5 miles away, adds further appeal. Parking is readily available with 5.22 spaces provided, offering a convenient ratio for tenants and visitors. The property is zoned C-1, allowing for a range of commercial uses. This presents a unique opportunity to establish a presence in a high-traffic, well-established area of Las Vegas.

• CAP approach

  CAP return

  Valuation

  6%

  $14,898,479

  6.5%

  $13,752,442

  7%

  $12,770,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,432,888

  Geo Method

  $37,336,100

• Alternative Use

  Use

  Valuation

  Residential

  $11,600,700

  Hospitality

  $10,626,178

  Educational

  $8,840,856

  Medical

  $9,144,906

  Retail

  $13,752,442

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.5992

Longitude

-95.264

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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