Pasadena Mixed-Use Property For
922 Main St Pasadena, TX 77506
922 Main St, Pasadena, TX, 77506
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For Sale
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Versatile property with building, concrete pad, and highway accessibility.
Property Size1,325 SF
Lot Size0.50 Acres
Price / SF$332.08
Days on Market718
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 Agency
KW Commercial Houston Metropolitan
Listed by
Elgin Wells · License #TX 660539
Source
Crexi
Added: Jul 30, 2024 Checked: Jul 17 at 9:46 am
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
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.
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
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.
