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    111 Southmore Ave Pasadena, TX 77502

    For Lease
    $18 SF/Yr

    High-visibility retail space available.

    Lot size:
    14,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 14,160 square foot retail strip center in Pasadena, Texas presents an excellent business opportunity. Currently, 10,000 square feet of retail space is immediately available for lease, with flexible options ranging from approximately 2,500 to 10,000 square feet. The property boasts a prime location on Southmore Avenue, offering exceptional visibility and approximately 118 feet of frontage. Situated in a high-density residential and commercial area, this location benefits from over 9,000 vehicles passing daily. Its convenient location is just off the southwest corner of Southmore Avenue and Shaver Street, east of Allen Genoa Road, and less than 1.5 miles from Highway 225. The property is also within easy reach of downtown Houston, Hobby Airport, schools, and other major freeways. Built in 1958, this 0.36-acre property is located in Harris County and within the Pasadena ISD. A tenant improvement allowance is available, subject to landlord approval. A full demographic package is available upon request. This is a move-in ready space perfect for a variety of retail businesses.

    Property Features for 111 Southmore Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,160 SF
    Total Rate
    21240

    Building Details

    Year Built
    1958

    Unit(s) available at that property

    Space
    2015 Richey Street
    Size
    10,000 SF
    Rate per SF
    $18

    HighLights

    • Immediate move‑in ready retail space in Pasadena, TX.
    • 2,500 - 10,000 SF of retail space available for lease.
    • High‑visibility retail space with 118' of frontage on Southmore Ave. in a densely populated area.
    • Tenant improvement allowance available (landlord approval required).
    • Convenient location near Southmore Ave. & Shaver St., east of Allen Genoa Rd., less than 1.5 miles from Hwy 225.
    • Southmore Ave. sees over 9,000 vehicles daily.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.2125994
    Latitude
    29.6904035

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail space available.
    Where is this neighborhood center located?
    The property is located at 111 Southmore Ave Pasadena, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Immediate move-in ready retail space in Pasadena, TX.; 2,500 - 10,000 SF of retail space available for lease.; High-visibility retail space with 118' of frontage on Southmore Ave. in a densely populated area.
    Request Owner's contact information
    111 Southmore Ave 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
    111 Southmore Ave Pasadena, TX 77502
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