Pasadena Commercial Property on Spencer
For Sale
Contact for pricing
5213 Spencer Hwy, Pasadena, TX 77505
Commercial property on Spencer Highway suitable for various business uses.
Property Size19,936 SF
Price / SF$145.47
Days on Market153
Property Features for 5213 Spencer Hwy
General Information
Standard status
Active
Size
19,936 SF
Property subtype
Retail, Industrial
Building Details
Year Built
1983
Buildings
1
Stories
1
Listing Agency:
Qualified Properties Inc
Listed By:
Herman Williams · License #TX 553992
(713) 947-8023
Source:
Crexi
Added: May 15
Changed: Oct 8
Last Checked: Oct 12 at 6:07PM
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 Qualified Properties Inc
Investment Insights
Based on property information with market context.
Located at 5213 Spencer Highway in Pasadena, Texas, this commercial property offers a location suitable for businesses seeking visibility and accessibility. The property's position along Spencer Highway provides connectivity to surrounding areas. With flexible zoning provisions, the property is suitable for office, industrial, retail, or mixed-use purposes. The property's proximity to commercial districts and services adds value. The property size is 19936 square feet.
Key Highlights
- Prime location on Spencer Highway with high visibility
- Excellent connectivity and accessibility
- Flexible zoning suitable for office, industrial, retail, or mixed‑use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,122
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,722,440
$4.7M
Cap Rate 7%
$3,373,171
$3.4M
Cap Rate 9%
$2,623,578
$2.6M
Market Conditions
NOI Build-Up for 19,936 SF
Gross rent
$358.8K $18.00/SF
− Vacancy
−$21.5K −$1.08/SF
EGI
$337.3K $16.92/SF
− OpEx
−$101.2K −$5.08/SF
NOI
$236.1K $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%
$4,722,440
Cap Rate 7%
$3,373,171
Cap Rate 9%
$2,623,578
Alternative Uses
Best Use
Retail
$3.37M
$2.95M – $3.94M
NOI $236,122 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.58M
$5.76M – $7.68M
NOI $460,541 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
Pluckers Wing Bar
Dining
29,966 visits/mo
0.4 miles
Starbucks
Dining
25,073 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,672 visits/mo
0.4 miles
Shell
Shops & Services
4,695 visits/mo
0.2 miles
Public Storage
Shops & Services
967 visits/mo
0.5 miles
Demographics for 77505, TX
23,584
Population
8,817
Households
2.7
Avg Household Size
38
Median Age
30%
College-Educated
90%
High-School Grad
8.4 sq mi
ZIP Area
2,808
Density / Sq Mi
$94,643
Median Household Income
$52,193
Median Earnings
$1,522
Median Rent
$276,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Commercial property on Spencer Highway suitable for various business uses.
Where is this retail property located?
The property is located at 5213 Spencer Hwy Pasadena, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime location on Spencer Highway with high visibility; Excellent connectivity and accessibility; Flexible zoning suitable for office, industrial, retail, or mixed‑use
