Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    722 Fairmont Parkway Pasadena, TX 77504

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-building property with office and warehouse space for lease.

    Type:Office
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 26 at 1:14 am

    Property Features for 722 Fairmont Parkway

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Michael Gage
    Michael Gage

    Listing agent Michael Gage License #0614711

    Listing office Zann Commercial Brokerage

    Listing date Mar 5, 2026

    Source Zann

    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 Zann Commercial Brokerage

    Overview

    Mixed-Use Property on Fairmont Parkway

    The property at 722 Fairmont is a multi-building complex situated between I-45 and Beltway 8. It features a two-story professional office building that faces Fairmont Parkway, along with an industrial warehouse building located at the rear of the property. Lease spaces are available in both buildings, suitable for various uses including medical, professional services, manufacturing, distribution, and machine work. The property is located on the south side of Fairmont Parkway in Pasadena, Texas, positioned east of Shaver Street and Allen-Genoa Road, midway between Beltway 8 and I-45.
    Location Intelligence

    Current Use by Public Records

    Burke Family Pharmacy Pharmacy Keystone Administration Inc. Business Administration Service Angels Medical Medical Clinic BES Group & Associates/Solutions ... Medical Clinic Positive Recovery Centers ... Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.2002
    Latitude
    29.6509

    Nearby Similar for Lease

    • $0.85/mo

      Pasadena Industrial Building with Expansion

      13,093 SF industrial building with excess land.
      909 Shaver Street, Pasadena, TX 77506
      View Details
    • $1.50/mo

      Retail/Office Space on Richey Street

      Retail and office spaces available in a high-traffic area.
      2015 Richey Street, Pasadena, TX
      View Details
    • $12/mo

      Pasadena Retail Space For Lease

      Retail space in Pasadena, TX, with high visibility and frontage.
      111 W Southmore Avenue, Pasadena, TX
      View Details
    • Contact for pricing

      Retail/Office Spaces in Pasadena Oaks

      Retail and office spaces available in established Pasadena neighborhood.
      1431-1433 S Richey Street, Pasadena, TX
      View Details
    • $25/mo

      Freestanding Building on Fairmont Parkway

      Freestanding building suitable for retail, medical, or office uses.
      6015 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • Contact for pricing

      Pasadena Office Space For Rent

      Move-in ready office space with excellent visibility and ample parking.
      1107 Fairmont Parkway, Pasadena, TX
      View Details
    • Contact for pricing

      Updated Retail Space Available

      Recently updated retail space in a busy location.
      901 W Hart Ave, Pasadena, TX
      View Details
    • $1.50/mo

      Retail/Office Spaces Available for Lease

      Move-in ready retail and office spaces with excellent visibility.
      301 Vista Road, Pasadena, TX
      View Details
    • $0.85/mo

      Pasadena Warehouse with Heavy Power

      6,800 SF warehouse space near Beltway 8.
      2061 Magnolia, Pasadena, TX
      View Details
    • $21/mo

      Retail Space in Pasadena, TX

      9,050 SF retail space available for lease.
      4300 Fairmont Pky, Pasadena, TX
      View Details
    • $26/mo

      New Office Space Near Hospital

      Shell condition office space ideal for medical or professional use.
      4805 E Sam Houston Pky S, Pasadena, TX
      View Details
    • $16/mo

      Bayshore Towers Ground Floor Office

      Office space in Bayshore Towers with ample parking.
      3219 Burke Road, Pasadena, TX
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-building property with office and warehouse space for lease.
    Where is this mixed-use property located?
    The property is located at 722 Fairmont Parkway Pasadena, TX.
    What are key features of this property?
    This property features: Multi‑building property with both office and warehouse space.; Convenient location between I‑45 and Beltway 8.; Suitable for a variety of uses including medical, professional, manufacturing, and distribution.
    (832) 915-1000
    We can help!
    Listing Contact
    Michael Gage
    Michael Gage
    Real Estate License ID: 0614711
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!