Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1051 Burke Rd Pasadena, TX 77506

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    1.14 acre vacant lot in a high-demand commercial district.

    Lot size:
    1.14 Acres

    Property Features for 1051 Burke Rd

    General Information

    Property type
    Land
    Standard status
    Active
    Lot size
    1.14 Acres

    We can help!

    Listing Contact
    Liliana Pena
    Source: Elliman

    Listing Agent: Liliana Pena

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Pasadena Vacant Land For Sale

    This vacant lot offers 1.14 acres of land with 91 feet of frontage on Burke Road. The location experiences over 11,546 vehicles per day, according to TxDOT data from 2024. Situated near Highway 225 and Beltway 8, the property provides connectivity throughout Pasadena and the Greater Houston area. The surrounding area includes residential neighborhoods, multifamily complexes, medical offices, grocery stores, and retail centers. The property is located in Flood Zone X and features flat topography. The lot is suited for a variety of uses, including residential development. The site is positioned for sustained growth.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1825436
    Latitude
    29.6953663

    Nearby Similar for Sale

    • $1,600,000

      Freestanding Building in Pasadena, Texas

      Freestanding building suitable for retail, medical, or office use.
      6015 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • Contact for pricing

      Grocery Store Portfolio Opportunity

      Portfolio of four properties anchored by operating grocery stores.
      2311 Strawberry Rd, Pasadena, TX 77502
      View Details
    • Contact for pricing

      Houston Industrial Facilities For Sale

      24,800 SF industrial facilities ideal for heavy industrial operations.
      109 N Richey St, Pasadena, TX 77506
      View Details
    • $850,000
      7,820 SF

      Pasadena Warehouse/Retail Space For Rent

      7,820 SF warehouse/retail space with parking/yard space available for lease.
      1520 Shaver St, Pasadena, TX 77502
      View Details
    • Contact for pricing
      2,030 SF

      Retail/Office and Warehouse Space

      Retail building with warehouse on 5.04 acres in Pasadena.
      8050 Red Bluff Rd, Pasadena, TX 77507
      View Details
    • $375,000
      2,819 SF

      Freeway-Adjacent Industrial Building Available

      High-visibility industrial building with showroom and signage opportunity.
      300 Pasadena Fwy, Pasadena, TX 77506
      View Details
    • $1,000,000
      9,200 SF

      Office/Warehouse with Workshop in Pasadena

      Office, warehouse, and workshop space available in Pasadena, Texas.
      1101-1103 Center St, Pasadena, TX 77506
      View Details
    • Contact for pricing

      Shaver Street Value-Add Opportunity

      Pasadena property with value-add potential in a prime location.
      4343 Shaver St, Pasadena, TX 77504
      View Details
    • $1,800,000
      13,093 SF

      Pasadena Warehouse Space Available

      13,093 square foot warehouse space for lease in Pasadena.
      909 Shaver St, Pasadena, TX 77506
      View Details
    • Contact for pricing

      Industrial Space on 3 Acres

      30,565 SF industrial space available on approximately 3 acres.
      3205 Pasadena Blvd, Pasadena, TX 77503
      View Details
    • $1,300,000

      Mixed-Use Property with Unique Features

      Versatile property with auditorium, apartments, and commercial spaces.
      4309B Young St, Pasadena, TX 77504
      View Details

    FAQs

    What type of property is this?
    Land - 1.14 acre vacant lot in a high-demand commercial district.
    Where is this land located?
    The property is located at 1051 Burke Rd Pasadena, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - **1.14 acre vacant lot with 91 feet of frontage on Burke Road.**; - High traffic count: 11,546 vehicles per day.; - Strategically located near Highway 225 and Beltway 8, providing excellent connectivity.
    (281) 335-0335
    Request Owner's contact information
    1051 Burke Rd Pasadena, TX 77506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1051 Burke Rd
    Pasadena, TX 77506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1051 Burke Rd Pasadena, TX 77506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Liliana Pena
    Real Estate License ID: 0716800
    (281) 335-0335 (832) 773-2775 (713) 360-7956
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!