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 Market1825
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.
(281) 335-0335
Listed By:
Ernesto Ramirez · License #TX 719511
Source:
Crexi
Added: Sep 1, 2021
Changed: Aug 27
Last Checked: Aug 29 at 7:44AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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.**
