$424,000 Last Listed Price
●
Land -
Off Market
8215 Bailey Road
Pearland, TX 77584
Studio
0 Bath
$2,312
Est. Monthly
About This Property
Fantastic oversized and cleared HARD CORNER on Bailey Road/CR 101
and Cullen Parkway/Old Chocolate Bayou/CR 89. Bailey Road expansion
completed in front of tract. Development to the East and West, with
a Dollar General to the East and a new Gas Station/Convenience
Store directly across the street on the Southeast corner. Easy
access from the North from Broadway Street and from the West from
Pomona, Sedona Lakes, Silverlake, Silvercreek and Highway 288.
Traffic Light at the front corner of the Property. Located in the
City of Pearland. Buyer to confirm all zoning & use restrictions,
availability of utilities, taxes, development requirements, any HOA
restrictions from neighboring Properties, etc. Ideal for many
different uses. Great visibility and potential for easy access.
Unit Size
-
Days on Market
-
Land Size
1.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$230
HOA Dues
-
Year Built
1979
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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: 5 months ago (HAR #19121371)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2023 | Sold | ||
| Sold | |||
| Oct 17, 2022 | Listed by Keller Williams Preferred | $424,000 | |
| Listed by Keller Williams Preferred | |||
| | |||
|
Fantastic oversized and cleared HARD CORNER on Bailey Road/CR 101 and Cullen Parkway/Old Chocolate Bayou/CR 89. Bailey Road expansion completed in front of tract. Development to the East and West, with a Dollar General to the East and a new Gas Station/Convenience Store directly across the street on the Southeast corner. Easy access from the North from Broadway Street and from the West from Pomona, Sedona Lakes, Silverlake, Silvercreek and Highway 288. Traffic Light at the front corner of the Property. Located in the City of Pearland. Buyer to confirm all zoning & use restrictions, availability of utilities, taxes, development requirements, any HOA restrictions from neighboring Properties, etc. Ideal for many different uses. Great visibility and potential for easy access.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Pearland
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Listed by: Andrew Pikoff, Keller Williams Preferred
Last Updated: 5 months ago
Data Source: HAR , MLS# 19121371
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Last Updated: 5 months ago
Data Source: HAR , MLS# 19121371
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