Pasadena Office Space For
For Sale
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5150 Crenshaw Road, Pasadena, TX 77505
Office property with 2,191 square feet available for purchase.
Property Size2,191 SF
Price / SF$225.92
Days on Market987
Property Features for 5150 Crenshaw Road
General Information
Standard status
Active
Size
2,191 SF
Class
C
Property subtype
Office
Building Details
Buildings
1
Listing Agency:
Qualified Properties Inc
Listed By:
Tom Watson · License #TX149348
(713) 823-3900
Source:
Crexi
Added: Jan 31, 2024
Changed: Oct 4
Last Checked: Oct 12 at 7:10PM
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.
This commercial property, suitable for office use, offers 2,191 square feet of space and is available for purchase.
Key Highlights
- No property information was provided to extract selling points.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,117
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,340
$742.3K
Cap Rate 7%
$530,243
$530.2K
Cap Rate 9%
$412,411
$412.4K
Market Conditions
NOI Build-Up for 2,191 SF
Gross rent
$65.2K $29.76/SF
− Vacancy
−$15.7K −$7.17/SF
EGI
$49.5K $22.59/SF
− OpEx
−$12.4K −$5.65/SF
NOI
$37.1K $16.94/SF
Area
Pasadena, TX
Vacancy
24.10%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,340
Cap Rate 7%
$530,243
Cap Rate 9%
$412,411
Alternative Uses
Best Use
Office B
$530.2K
$464.0K – $618.6K
NOI $37,117 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$723.1K
$632.7K – $843.6K
NOI $50,614 @ 7.0% cap · market cap 10.23%
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
620
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office property with 2,191 square feet available for purchase.
Where is this office units located?
The property is located at 5150 Crenshaw Road Pasadena, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
