Building Details

Construction metal building with brick facade

Listing Agency: Victory Properties, Inc. Show Phone

Listed By: Troy Cothran · License #0336095 Show Phone

Source: Moodyscre

Added: Jul 14 Changed: Oct 4 Last Checked: Oct 23 at 10:54AM

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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 Victory Properties, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This metal building with brick facade is approximately 5,400 square feet and includes a large roll-up door in the rear. The front portion features a reception area with 2–3 offices, with a large open area in the middle of the building.

The property is currently used as a gym. Based on the existing layout and rear access, it could also be suitable for warehouse use or as a construction office.

The space is configured to support both public-facing entry through the reception area and functional back-of-house operations via the large roll-up door.

Key Highlights

• Approximately 5,400 SF metal building with a brick facade
• Large rear roll‑up door for loading and flexible use
• Front reception area with 2–3 offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,226

Cap Rate

4.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,124,520 $1.1M

Cap Rate 7%

$803,229 $803.2K

Cap Rate 9%

$624,733 $624.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$71.3K $13.20/SF

− Vacancy

−$5.1K −$0.95/SF

EGI

$66.1K $12.25/SF

− OpEx

−$9.9K −$1.84/SF

NOI

$56.2K $10.41/SF

Area

Harris County, TX

Vacancy

7.20%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,124,520

Cap Rate 7%

$803,229

Cap Rate 9%

$624,733

Alternative Uses

Best Use

Warehouse

$803.2K

$702.8K – $937.1K (±1% cap)

NOI $56,226 @ 7.0% cap · market cap 4.69%

Second Best

Industrial

$661.5K

$578.8K – $771.7K (±1% cap)

NOI $46,303 @ 7.0% cap · market cap 3.86%

Theoretical Best

Office A

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,213 @ 7.0% cap · market cap 8.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Self Defense America Training Center

Suggested Use

Top Pick Law Firm Skin Care Clinic Parking Lot & Garage Accounting Firm Garden Center Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

603

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 77536, TX

33,693

Population

12,086

Households

2.8

Avg Household Size

37

Median Age

26%

College-Educated

91%

High-School Grad

9.8 sq mi

ZIP Area

3,438

Density / Sq Mi

$96,297

Median Household Income

$49,817

Median Earnings

$1,344

Median Rent

$238,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Metal flex building offers a reception area, offices, open interior, and a large rear roll-up door.

Where is this flex space located?

The property is located at 306 PASADENA BLVD Deer Park, TX.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Approximately 5,400 SF metal building with a brick facade; Large rear roll‑up door for loading and flexible use; Front reception area with 2–3 offices