Commercial Property on Shaver
For Sale
Contact for pricing
2510 Shaver St, Pasadena, TX 77502
Commercial property with high traffic exposure and multiple tenants.
Property Size10,404 SF
Lot Size1.99 Acres
Price / SF$132.64
Days on Market1870
Property Features for 2510 Shaver St
General Information
Standard status
Active
Size
10,404 SF
Lot size
1.99 Acres
Property subtype
Industrial
Listing Agency:
Independence Real Estate, Inc.
Listed By:
Ernesto Ramirez · License #TX 719511
(281) 335-0335
Source:
Crexi
Added: Sep 1, 2021
Changed: Sep 28
Last Checked: Oct 12 at 8:37PM
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 Independence Real Estate, Inc.
Investment Insights
Based on property information with market context.
This commercial property is situated on a 1.9964-acre lot and features 150 feet of frontage on Shaver Street, a high-traffic thoroughfare. The location offers proximity to I-45 South, Sam Houston Toll Road (Beltway 8), and State Highway 225. The property includes four buildings totaling 10,404 square feet, currently leased to three tenants. This property is suitable for various types of businesses due to its location and exposure.
Key Highlights
- Prime location with excellent access to I‑45 South, Beltway 8, and State Highway 225.
- Large 1.9964‑acre lot suitable for various business types.
- High‑traffic location with 150 feet of frontage on Shaver Street, providing excellent exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,762
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,315,240
$2.3M
Cap Rate 7%
$1,653,743
$1.7M
Cap Rate 9%
$1,286,244
$1.3M
Market Conditions
NOI Build-Up for 10,404 SF
Gross rent
$184.8K $17.76/SF
− Vacancy
−$19.4K −$1.86/SF
EGI
$165.4K $15.90/SF
− OpEx
−$49.6K −$4.77/SF
NOI
$115.8K $11.13/SF
Area
Pasadena, TX
Vacancy
10.50%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,315,240
Cap Rate 7%
$1,653,743
Cap Rate 9%
$1,286,244
Alternative Uses
Best Use
Industrial
$1.65M
$1.45M – $1.93M
NOI $115,762 @ 7.0% cap · market cap 8.39%
Second Best
Flex RnD
$1.64M
$1.43M – $1.91M
NOI $114,464 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$3.43M
$3.00M – $4.01M
NOI $240,342 @ 7.0% cap · market cap 17.42%
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
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with high traffic exposure and multiple tenants.
Where is this flex space located?
The property is located at 2510 Shaver St Pasadena, TX.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Prime location with excellent access to I‑45 South, Beltway 8, and State Highway 225.; Large 1.9964‑acre lot suitable for various business types.; High‑traffic location with **150 feet of frontage on Shaver Street, providing excellent exposure.**
