2813 Smith Ranch RdPearland, TX 77584

Property Details for 2813 Smith Ranch Rd

Year built

2005

Lot size

4.05 AC

Property size (Sq ft)

10,620 SF

Property type

Medical offices

Property subtype

Medical centers

APN

0304-0010-140

APU

3040010140

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,174,994

  6.5%

  $2,007,686

  7%

  $1,864,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,569,735

  Geo Method

  $3,179,522

• Alternative Use

  Use

  Valuation

  Residential

  $2,489,531

  Hospitality

  $2,280,397

  Educational

  $1,897,264

  Medical

  $1,962,514

  Retail

  $2,951,299

Location Insight

City

Pearland

County

Brazoria

State

Texas

Latitude

29.5595

Longitude

-95.3829

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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