6015 Fairmont Pkwy, Pasadena, TX
Freestanding building suitable for retail, medical, or office uses.
Property Features for 6015 Fairmont Pkwy
General Information
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Investment Insights
Based on property information with market context.
Key Highlights
- Freestanding building in the heart of Pasadena, Texas.
- High traffic counts and prominent monument signage on a heavily traveled roadway.
- 27 on‑site parking spaces with potential for overflow.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.3k | $18.00 |
| − Vacancy | −$5.5k | −$1.08 |
| EGI | $85.8k | $16.92 |
| − OpEx | −$25.8k | −$5.08 |
| NOI | $60.1k | $11.84 |
Alternative Uses
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Foot Traffic Nearby
Market
Vacancy Rate% for Retail in South region