Technical
Financial
Distress signals
Property profile

3941 Fairway Plz Dr Pasadena, TX 77505

OFF-MARKET
Community centers
Property ID
US82-2755026
31,730 SF 9.51 ac lot Built 2006
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity in Pasadena, Texas, presents Fairway Center III, a 103,903-square-foot retail center boasting 100% occupancy. This two-building, single-story property sits on a 9.5-acre lot and features 300 parking spaces. Built in 2007, the center is strategically located at 3941 Fairway Plaza Drive, Pasadena, TX 77505, along Fairmont Parkway (44,108 vehicles per day) and Beltway 8 (74,947 vehicles per day). The property's high-performing tenancy includes Office Depot, Conn's Appliances, and Bel Furniture, among four total tenants, all enjoying long-term leases. This premier retail center benefits from strong retail fundamentals in the Pasadena submarket and a lack of immediate competition. The location is further enhanced by its proximity to a high-performing Target store. The property offers stable cash flow with a history of exceptional occupancy, making it an attractive investment for discerning buyers. The offering includes a total of 103,903 square feet of retail space. This is a rare opportunity to acquire a cash-flowing asset in a prime Houston location.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2006
Construction STEEL FRAME
Total area 31,730 SF
Lot 9.51 ac (414,081 SF)
APN 1304390010002
UPID US82-2755026

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3941 Fairway Plz Dr Pasadena, TX 77505
Pasadena metro Census 342100 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$910k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$1.06M

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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