Retail
For Sale
$370,000
1120 S Richey, Pasadena, TX 77506
The Pasadena property offers retail or office use with parking available.
Property Size1,470 SF
Days on Market8
Property Features for 1120 S Richey
General Information
Standard status
Active
Size
1,470 SF
Property subtype
Retail
Building Details
Building Size
1,470 SF
Listing Agency:
COLDWELL BANKER REALTY - GREATER NORTHWEST
Listed By:
Quenton Rockwell · License #0641265
(832) 877-2703
Source:
Cbcworldwide
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 5 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY - GREATER NORTHWEST
Investment Insights
Based on property information with market context.
Located at 1120 S Richey in Pasadena, this 1,470-square-foot property is suited to retail or office use. Parking is available at the property.
Key Highlights
- 1,470 square feet with retail or office use potential
- Parking available at the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,411
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,220
$348.2K
Cap Rate 7%
$248,729
$248.7K
Cap Rate 9%
$193,456
$193.5K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$26.5K $18.00/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$24.9K $16.92/SF
− OpEx
−$7.5K −$5.08/SF
NOI
$17.4K $11.84/SF
Area
Pasadena, TX
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,220
Cap Rate 7%
$248,729
Cap Rate 9%
$193,456
Alternative Uses
Best Use
Retail
$248.7K
$217.6K – $290.2K
NOI $17,411 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.1K
$424.5K – $566.0K
NOI $33,958 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
256k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 50%
Dining 33%
Groceries 7%
Apparel 5%
Walmart
Superstores
128,948 visits/mo
0.5 miles
McDonald's
Dining
43,093 visits/mo
0.3 miles
Lewis Food Town
Groceries
18,339 visits/mo
0.3 miles
Family Thrift Center
Apparel
13,647 visits/mo
0.4 miles
KFC
Dining
12,199 visits/mo
0.2 miles
Demographics for 77506, TX
34,431
Population
11,973
Households
2.9
Avg Household Size
31
Median Age
5%
College-Educated
57%
High-School Grad
11.3 sq mi
ZIP Area
3,047
Density / Sq Mi
$50,045
Median Household Income
$31,621
Median Earnings
$1,049
Median Rent
$131,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The Pasadena property offers retail or office use with parking available.
Where is this retail space located?
The property is located at 1120 S Richey Pasadena, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,470 square feet with retail or office use potential; Parking available at the property
