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    3937 Spencer Hwy Pasadena, TX 77504

    For Lease
    $24 SF/Yr ($6,000 /Mo)

    Pasadena, TX: Prime Retail Space Available

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Park View East Shopping Center, located at 3937 Spencer Hwy, Pasadena, TX 77504, presents a unique opportunity for retail businesses. This single-story, 3,000 square foot retail center boasts a highly desirable location on Spencer Highway, a primary east-west thoroughfare in Pasadena, offering 480 feet of prime frontage. The property benefits from its proximity to the Sam Houston Tollway (Beltway 8), a major artery connecting the entire Houston metropolitan area, ensuring high traffic volume and excellent visibility. The center is zoned for retail use and features two suites, each potentially divisible down to a minimum of 1,500 square feet, with a maximum contiguous space of 3,000 square feet. Currently, the entire 3,000 square feet is vacant, providing flexibility for a single tenant or the opportunity to lease individual units. The property is classified as a non-restaurant, hard corner location with endcap and highway frontage. Ample parking is available with 11 spaces. The cross street is Bayshore Ave. This property offers exceptional exposure and accessibility, making it an ideal location for a variety of retail businesses seeking a prominent presence in a high-traffic area of Pasadena. The property is ready for immediate occupancy.

    Property Features for 3937 Spencer Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF
    Total Rate
    6000

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Hard Corner Lighted Intersection End Cap
    Size
    3,000 SF
    Rate per SF
    $24
    Space
    Available Space 2
    Size
    1,090 SF
    Rate per SF
    $24

    HighLights

    • 37,965 square foot retail center in Pasadena, TX, within the Houston MSA.
    • Excellent retail location minutes from the Sam Houston Tollway on Spencer Highway.
    • Built in 1966 and renovated in 1977.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -95.1840374
    Latitude
    29.66539543

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    FAQs

    What type of property is this?
    Individual retail property - Pasadena, TX: Prime Retail Space Available
    Where is this individual retail property located?
    The property is located at 3937 Spencer Hwy Pasadena, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 37,965 square foot retail center in Pasadena, TX, within the Houston MSA.; Excellent retail location minutes from the Sam Houston Tollway on Spencer Highway.; Built in 1966 and renovated in 1977.
    Request Owner's contact information
    3937 Spencer Hwy Pasadena, TX 77504
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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
    3937 Spencer Hwy Pasadena, TX 77504
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