Pasadena Mixed-Use Property For
For Sale
Contact for pricing
922 Main St, Pasadena, TX 77506
Versatile property with building, concrete pad, and highway accessibility.
Property Size1,325 SF
Lot Size0.50 Acres
Price / SF$332.08
Days on Market809
Property Features for 922 Main St
General Information
Standard status
Active
Size
1,325 SF
Total Parking Spaces
12
Lot size
0.50 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1960
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
KW Commercial Houston Metropolitan
Listed By:
Elgin Wells · License #TX 660539
Source:
Crexi
Added: Jul 30, 2024
Changed: Oct 10
Last Checked: Oct 14 at 11:36PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,999
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,980
$320.0K
Cap Rate 7%
$228,557
$228.6K
Cap Rate 9%
$177,767
$177.8K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$27.8K $21.00/SF
− Vacancy
−$2.2K −$1.68/SF
EGI
$25.6K $19.32/SF
− OpEx
−$9.6K −$7.25/SF
NOI
$16.0K $12.08/SF
Area
Pasadena, TX
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,980
Cap Rate 7%
$228,557
Cap Rate 9%
$177,767
Alternative Uses
Best Use
Mixed Use
$228.6K
$200.0K – $266.7K
NOI $15,999 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
Explore this area
Business Placement
Demographics for 77506, TX
34,431
Population
11,973
Households
2.9
Avg Household Size
31
Median Age
5%
College-Educated
57%
High-School Grad
11.3 sq mi
ZIP Area
3,047
Density / Sq Mi
$50,045
Median Household Income
$31,621
Median Earnings
$1,049
Median Rent
$131,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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.
