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    6500 Spencer Hwy Pasadena, TX 77505

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Retail Space, Multiple Suites Available

    Lot size:
    21,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Spencer Strip Center offers a fantastic retail investment opportunity in a high-traffic location. This single-story, 21,600 square foot building, constructed in 2011, sits on a 1.5-acre lot and features two suites, with 5,700 square feet currently vacant. The minimum divisible space is 1,200 square feet, while the maximum contiguous space available is 3,500 square feet. The property boasts ample parking, with a ratio of 5 spaces per 1000 square feet. Its strategic location benefits from its proximity to a popular La Michoacana meat market and an apartment complex across the street, ensuring high visibility and foot traffic. The center is zoned commercial and features a large pylon sign for excellent branding opportunities. The low triple net (NNN) expenses make this a particularly attractive investment. This property is ideal for a variety of retail uses, including, but not limited to, dental clinics, offices, and hair salons, as indicated by its previous tenants. The existing infrastructure and convenient location provide a strong foundation for immediate occupancy and potential for significant return on investment. Don't miss this chance to secure a prime retail space in a thriving commercial area.

    Property Features for 6500 Spencer Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,600 SF
    Total Rate
    23400

    Building Details

    Year Built
    2011
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    170
    Size
    1,500 SF
    Rate per SF
    $13
    Space
    120
    Size
    3,000 SF
    Rate per SF
    $13

    HighLights

    • 21,600 square foot retail building on a 1.5‑acre lot.
    • Two suites available, ranging from 1,200 to 3,500 square feet.
    • 5,700 square feet of vacant space.
    • Built in 2011, single‑story building with ample parking.
    • Located near a high‑traffic anchor tenant (La Michoacana meat market) and an apartment complex.
    • Features a large pylon sign and low NNN expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    La Michoacana Meat ... Butcher Shop Barri Booth Money Transfer Service Clinica Hispana Buena ... Medical Clinic Farmacia Central Rx Pharmacy Vigo Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1392162
    Latitude
    29.6641493

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Multiple Suites Available
    Where is this individual retail property located?
    The property is located at 6500 Spencer Hwy Pasadena, TX.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 21,600 square foot retail building on a 1.5-acre lot.; Two suites available, ranging from 1,200 to 3,500 square feet.; 5,700 square feet of vacant space.
    Request Owner's contact information
    6500 Spencer Hwy Pasadena, TX 77505
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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
    6500 Spencer Hwy Pasadena, TX 77505
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