Multifamily Property with Private
For Sale
$650,000
825 Fairmont Pkwy, Pasadena, TX 77504
Flexible interior configuration with distinct areas and access to Beltway 8, shopping, dining, and nearby residential and commercial districts.
Property Size3,052 SF
Price / SF$212.98
Days on Market51
Property Features for 825 Fairmont Pkwy
General Information
Standard status
Active
Size
3,052 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Genoa
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1980
Listing Agency:
Texas Style Realty
Listed By:
Jocelyn Bradshaw · License #653530
(832) 455-7981
Source:
Vincesoldit
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 1:20PM
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 Texas Style Realty
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Investment Insights
Based on property information with market context.
Built in 1980, this 3,052-square-foot multifamily property features a flexible interior arrangement with several distinct areas and private entrances. The layout provides separation between spaces while maintaining substantial usable area within the building.
The property is located at 825 Fairmont Pkwy in Pasadena, with access to Beltway 8 and other major thoroughfares. Shopping, dining, and surrounding residential and commercial areas are nearby, supporting convenient access for occupants and visitors.
The property is located at 825 Fairmont Pkwy in Pasadena, with access to Beltway 8 and other major thoroughfares. Shopping, dining, and surrounding residential and commercial areas are nearby, supporting convenient access for occupants and visitors.
Key Highlights
- 3,052‑square‑foot multifamily property
- Built in 1980
- Multiple distinct interior areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,242
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,840
$624.8K
Cap Rate 7%
$446,314
$446.3K
Cap Rate 9%
$347,133
$347.1K
Market Conditions
NOI Build-Up for 3,052 SF
Gross rent
$60.4K $19.80/SF
− Vacancy
−$3.6K −$1.19/SF
EGI
$56.8K $18.61/SF
− OpEx
−$25.6K −$8.38/SF
NOI
$31.2K $10.24/SF
Area
Pasadena, TX
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,840
Cap Rate 7%
$446,314
Cap Rate 9%
$347,133
Alternative Uses
Best Use
Apartment 5plus
$446.3K
$390.5K – $520.7K
NOI $31,242 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.3K – $1.18M
NOI $70,504 @ 7.0% cap · market cap 10.85%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Explore this area
Business Placement
Demographics for 77504, TX
25,728
Population
10,080
Households
2.6
Avg Household Size
33
Median Age
17%
College-Educated
79%
High-School Grad
5.6 sq mi
ZIP Area
4,594
Density / Sq Mi
$52,784
Median Household Income
$35,789
Median Earnings
$1,196
Median Rent
$207,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Flexible interior configuration with distinct areas and access to Beltway 8, shopping, dining, and nearby residential and commercial districts.
Where is this multifamily property located?
The property is located at 825 Fairmont Pkwy Pasadena, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,052‑square‑foot multifamily property; Built in 1980; Multiple distinct interior areas
