Tenant-Occupied Storefront
For Sale
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2102 Southmore Avenue, Pasadena, TX 77502
Tenant-occupied retail storefront with a lease assigning most property expenses to the tenant.
Property Size2,291 SF
Price / SF$218.25
Days on Market73
Property Features for 2102 Southmore Avenue
General Information
Standard status
Active
Size
2,291 SF
Class
C
Total Parking Spaces
10
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$37,900
Additional Details
Gross Income
$43,200
Building Details
Year Built
1964
Year Renovated
2001
Tenancy
Single
Listing Agency:
KW Commercial Houston Clear Lake
Listed By:
JOSHUA NGUYEN · License #851749
Source:
Crexi
Added: Aug 5
Changed: Oct 8
Last Checked: Oct 16 at 9:09AM
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 KW Commercial Houston Clear Lake
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Investment Insights
Based on property information with market context.
This tenant-occupied storefront property contains 2,291 square feet and was built in 1964. The existing lease assigns the majority of property-related expenses to the tenant, while the landlord’s stated responsibility is primarily property taxes. The arrangement supports a limited landlord management role relative to a lease with broader owner obligations.
The property is located at 2102 Southmore Avenue in Pasadena, Texas, along the Southmore Avenue corridor. Its setting provides access to surrounding residential neighborhoods, local businesses, and the broader Houston metropolitan area. Pasadena is also identified as having an established industrial and commercial presence supporting retail and service-oriented businesses.
The property is located at 2102 Southmore Avenue in Pasadena, Texas, along the Southmore Avenue corridor. Its setting provides access to surrounding residential neighborhoods, local businesses, and the broader Houston metropolitan area. Pasadena is also identified as having an established industrial and commercial presence supporting retail and service-oriented businesses.
Key Highlights
- Tenant‑occupied storefront property with an existing lease
- 2,291 square feet of retail space
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,135
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,700
$542.7K
Cap Rate 7%
$387,643
$387.6K
Cap Rate 9%
$301,500
$301.5K
Market Conditions
NOI Build-Up for 2,291 SF
Gross rent
$41.2K $18.00/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$38.8K $16.92/SF
− OpEx
−$11.6K −$5.08/SF
NOI
$27.1K $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%
$542,700
Cap Rate 7%
$387,643
Cap Rate 9%
$301,500
Alternative Uses
Best Use
Retail
$387.6K
$339.2K – $452.3K
NOI $27,135 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.1K
$661.6K – $882.1K
NOI $52,924 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 36%
Dining 16%
Electronics 8%
El Ahorro Supermarket
Groceries
13,585 visits/mo
0.1 miles
Casa Ole
Dining
6,178 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,451 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
3,756 visits/mo
0.5 miles
Watermill Express
Shops & Services
2,044 visits/mo
0.1 miles
Demographics for 77502, TX
37,495
Population
11,813
Households
3.2
Avg Household Size
32
Median Age
10%
College-Educated
64%
High-School Grad
5.5 sq mi
ZIP Area
6,817
Density / Sq Mi
$59,337
Median Household Income
$32,162
Median Earnings
$1,185
Median Rent
$164,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kroger Floral — 2619 Red Bluff Rd, Pasadena, TX 77506
Frequently Asked Questions
What type of property is this?
Storefront property - Tenant-occupied retail storefront with a lease assigning most property expenses to the tenant.
Where is this storefront property located?
The property is located at 2102 Southmore Avenue Pasadena, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Tenant‑occupied storefront property with an existing lease; 2,291 square feet of retail space; Built in 1964
