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    Pasadena, TX 77502

    For Sale
    $288,833

    High-traffic corner lot, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.3288-acre cleared corner lot is situated at the highly visible, lighted intersection of South Shaver Street and Garner Road in Pasadena, Texas. Boasting over 22,300 vehicles per day on Shaver Street and over 3,900 on Garner Road (TXDOT 2019 data), this property offers unparalleled visibility and accessibility. Its location provides easy access to major highways, ensuring a short commute to the Port of Houston, the largest exporting container port in the nation. Pasadena, Texas offers significant advantages for developers, including one of the lowest per capita property tax rates in the state, a robust workforce, a long-term water supply, and a streamlined permitting process often completed within days or weeks. The city actively supports economic development with a dedicated team and offers additional economic incentives. As a non-zoned municipality, land use is governed by clear city codes and ordinances, readily accessible online. This prime location presents a unique opportunity for significant development potential. The property's size, high traffic counts, and Pasadena's business-friendly environment combine to create an exceptional investment opportunity. The property is located just two miles from SH-225, further enhancing its connectivity and logistical advantages.

    Property Features for 0

    General Information

    Property type
    Land

    HighLights

    • High‑traffic location with over 22,300 vehicles per day on Shaver Street (TXDOT 2019).
    • Garner Road boasts over 3,900 vehicles per day (TXDOT 2019).
    • Excellent lot visibility from a well‑lit intersection.
    • Support from the City Economic Development Commission.
    • Streamlined permitting process.
    • Available economic development incentives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.2082556
    Latitude
    29.667031

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, excellent visibility.
    Where is this land located?
    The property is located at Pasadena, TX.
    What is the asking price?
    The asking price for this property is $288,833.
    What are key features of this property?
    This property features: High-traffic location with over 22,300 vehicles per day on Shaver Street (TXDOT 2019).; Garner Road boasts over 3,900 vehicles per day (TXDOT 2019).; Excellent lot visibility from a well-lit intersection.
    (409) 789-7871
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    Pasadena, TX 77502
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    Realmo Value Estimation

    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.

    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.

    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
    Pasadena, TX 77502
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