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    Nwq Spencer Hwy & Red Blf Rd Pasadena, TX 77505

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail property, 213,008 SF

    Property size:
    213,008 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at the intersection of NWQ Spencer Highway and Red Bluff Road in Pasadena, Texas (zip code 77505), presents a significant investment opportunity. The property boasts a substantial 213,008 square feet of finished retail space situated on a generous 4.89-acre lot. Its strategic location offers unparalleled visibility and accessibility, benefiting from immediate adjacency to a Kroger grocery store and easy access to Spencer Highway, a major thoroughfare with over 31,000 vehicles passing daily. This high-traffic location within the Pasadena area, part of the Houston MSA, ensures significant exposure to potential customers. The property's size and location make it ideal for a variety of retail uses. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a large, well-located retail property in a thriving market. The property is being offered for sale and presents a compelling investment prospect for discerning buyers. The property is classified as Retail and Land, offering flexibility for potential development or redevelopment. This prime location in Harris County, Texas, provides excellent access to a large consumer base. Don't miss this chance to own a piece of Pasadena's vibrant commercial landscape.

    Property Features for 0 Nwq Spencer Hwy & Red Blf Rd

    General Information

    Property type
    Land
    Square Feet
    213,008 SF
    Lot Size
    213,008 SF

    HighLights

    • Immediately adjacent to Kroger grocery store.
    • Easy access to Spencer Highway, with over 31,000 vehicles per day (VPD).
    • High‑traffic regional intersection in Pasadena, within the Houston MSA.
    • 4.89‑acre lot.
    • 213,008 square feet of finished retail space.
    • 213,008 square foot building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1326678
    Latitude
    29.663539

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    FAQs

    What type of property is this?
    Land - High-traffic retail property, 213,008 SF
    Where is this land located?
    The property is located at Nwq Spencer Hwy & Red Blf Rd Pasadena, TX.
    What are key features of this property?
    This property features: Immediately adjacent to Kroger grocery store.; Easy access to Spencer Highway, with over 31,000 vehicles per day (VPD).; High-traffic regional intersection in Pasadena, within the Houston MSA.
    Request Owner's contact information
    Nwq Spencer Hwy & Red Blf Rd 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
    Nwq Spencer Hwy & Red Blf Rd Pasadena, TX 77505
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