Pasadena Mixed-Use Property For
922 Main St, Pasadena, TX 77506
Versatile property with building, concrete pad, and highway accessibility.
Type:Mixed Use, Office, Retail
Property size:
1,325 SFLot size:
0.50 AcresPrice / SF:
$332/SF- Added:
- Jul 30, 2024
- Days on Market:
- 673
- Last Refresh:
- May 12 at 8:47 pm
Property Features for 922 Main St
General Information
- Standard status
- Active
- Size
- 1,325 SF
- Lot size
- 0.50 Acres
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1960
Listing agent Elgin Wells License #TX 660539
Listing office KW Commercial Houston Metropolitan
Listing date Jul 30, 2024
Source Crexi
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 KW Commercial Houston Metropolitan
HighLights
- Unparalleled accessibility to Hwy 225, 610 Loop, and I‑45 provides quick access to Downtown Houston, Texas Medical Center, Hobby Airport, and major universities.
- High‑visibility Main Street frontage (64 ft) and deep lot (294.75 ft) offer excellent exposure for businesses.
- Versatile 0.5‑acre property with a 1,325 sq ft building and a 1,610 sq ft rear concrete pad suitable for various uses and expansion.
- All utilities are available for immediate use, simplifying development.
- Dual paved driveways and ample paved parking at front and rear entrances provide convenient access for customers and employees.
- Usable, cleared backyard offers versatile space for expansion, outdoor seating, parking, or storage.
Overview
This 0.5-acre Pasadena property includes a 1,325 sq ft building and a 1,610 sq ft rear concrete pad. It offers accessibility to Hwy 225, the 610 Loop, and I-45. The property features 64 ft of Main Street frontage and a lot depth of 294.75 ft. All utilities are available. Dual paved driveways provide access to the rear concrete pad, suitable for additional parking or expansion. Ample paved parking is available at the front and rear entrances. The cleared backyard offers space for various uses or expansion, such as a larger building, outdoor seating, parking, or storage. The location provides access to Downtown Houston (11 miles), the Texas Medical Center (15 miles), Hobby Airport (6 miles), and four universities within a 15-mile radius. Proximity to Minute Maid Park, Toyota Center, NRG Stadium, George R. Brown Convention Center, and Shell Energy Stadium is also a benefit.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $29.76 |
| − Vacancy | −$9.5k | −$7.17 |
| EGI | $29.9k | $22.59 |
| − OpEx | −$7.5k | −$5.65 |
| NOI | $22.4k | $16.94 |
1,325 SF · lease $29.76/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$320.7K
$280.6K – $374.1K
NOI $22,447 @ 7.0% cap · market cap 5.10%
Second Best
Mixed Use
$228.6K
$200.0K – $266.7K
NOI $15,999 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$437.3K
$382.6K – $510.2K
NOI $30,609 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Harris
- State
- Texas
- Longitude
- -95.2095959
- Latitude
- 29.6963545
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile property with building, concrete pad, and highway accessibility.
Where is this mixed-use property located?
The property is located at 922 Main St Pasadena, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Unparalleled accessibility to Hwy 225, 610 Loop, and I‑45 provides quick access to Downtown Houston, Texas Medical Center, Hobby Airport, and major universities.; **High‑visibility Main Street frontage (64 ft) and deep lot (294.75 ft) offer excellent exposure for businesses.**; Versatile 0.5‑acre property with a 1,325 sq ft building and a 1,610 sq ft rear concrete pad suitable for various uses and expansion.
