$500,000 Last Listed Price
●
Land -
Off Market
2123 Lee Road
Pearland, TX 77581
Studio
0 Bath
$2,684
Est. Monthly
About This Property
Discover a rare opportunity to build your dream project on 3.357
acres of mostly cleared land nestled in a growing and conveniently
located area. This flat parcel offers clusters of mature trees for
a touch of natural beauty and shade, with electricity already
accessible to the site. Commuters will appreciate quick access to
the Medical Center, just a short drive away via Highway 288.
Families will love being near Glenda Dawson High School and
Challenger Elementary, both part of the highly regarded Pearland
Independent School District. You'll also be minutes from Pearland
Town Center, offering excellent shopping, dining, and entertainment
options. Whether you're envisioning a private retreat or a new
development, this property presents outstanding potential. With a
location that blends accessibility, education, and retail
convenience, it's more than just land-it's a foundation for the
future. Bring your vision and make it a reality in one of the
area's most desirable spots.
Unit Size
-
Days on Market
-
Land Size
3.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$229
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (HAR #76135013)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Keller Williams Premier Realty | $500,000 | |
| Listed by Keller Williams Premier Realty | |||
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Jul 17, 2025 | Listed by Keller Williams Premier Realty | $500,000 | |
| Listed by Keller Williams Premier Realty | |||
| | |||
|
Discover a rare opportunity to build your dream project on 3.357 acres of mostly cleared land nestled in a growing and conveniently located area. This flat parcel offers clusters of mature trees for a touch of natural beauty and shade, with electricity already accessible to the site. Commuters will appreciate quick access to the Medical Center, just a short drive away via Highway 288. Families will love being near Glenda Dawson High School and Challenger Elementary, both part of the highly regarded Pearland Independent School District. You'll also be minutes from Pearland Town Center, offering excellent shopping, dining, and entertainment options. Whether you're envisioning a private retreat or a new development, this property presents outstanding potential. With a location that blends accessibility, education, and retail convenience, it’s more than just land—it’s a foundation for the future. Bring your vision and make it a reality in one of the area’s most desirable spots.
| |||
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Pearland
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Shelli Hinkson, Keller Williams Premier Realty
Last Updated: 3 months ago
Data Source: HAR , MLS# 76135013
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 3 months ago
Data Source: HAR , MLS# 76135013
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017