Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land For Sale Title is generated by Realmo AI

    4914 Spencer Hwy, Pasadena, TX 77505

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.113 acres with high traffic, ideal for development.

    Type:Land
    Lot size:
    1.11 Acres
    Added:
    Mar 5, 2022
    Days on Market:
    1530
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 4914 Spencer Hwy

    General Information

    Standard status
    Active
    Lot size
    1.11 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joel Hill

    Listing agent Joel Hill License #TX 555773

    Listing office Joel Hill - Principal - Joel G Hill Commercial

    Listing date Mar 5, 2022

    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 Joel Hill - Principal - Joel G Hill Commercial

    HighLights

    • High Traffic Location: +/- 30,000+ CPD on Spencer Hwy
    • Multi‑Purpose Tract ideal for QSR, Restaurant, Retail, Office, or Motel
    • Utilities Available
    • Great Rectangular Dimensions for development
    • 161’ Frontage On Spencer Highway
    • Close to Beltway 8 and Red Bluff

    Overview

    This +/- 1.113-acre tract, as per survey, presents a multi-purpose opportunity suitable for various developments. The rectangular dimensions of the land are advantageous for construction. The property benefits from a frontage of 161 feet on Spencer Highway. Utilities are available, and detention will be needed. Located close to Beltway 8 and Red Bluff, the site experiences traffic volume exceeding 30,000 vehicles per day on Spencer Highway. The location is suitable for a Quick Service Restaurant (QSR), restaurant, retail space, office building, or motel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Psychic Readings by ... Spiritual Center BD Roofing & Contracting Roofing Company Psychic And Tarot Readings ... Spiritual Center Oficina Navarro Law Firm Boris Professional Services Landscaping

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1682682
    Latitude
    29.66481

    Nearby Similar for Sale

    • $850,000
      7,820 SF

      Pasadena Warehouse/Retail Space For Rent

      7,820 SF warehouse/retail space with parking/yard space available for lease.
      1512 Shaver Street, Pasadena, TX
      View Details
    • $650,000
      2,030 SF

      Retail/Office and Warehouse Space

      Retail building with warehouse on 5.04 acres in Pasadena.
      8050 Red Bluff Rd, Pasadena, TX
      View Details
    • $1,600,000

      Freestanding Building in Pasadena, Texas

      Freestanding building suitable for retail, medical, or office use.
      6015 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • $1,000,000
      9,200 SF

      Office/Warehouse with Workshop in Pasadena

      Office, warehouse, and workshop space available in Pasadena, Texas.
      1101-1103 Center St, Pasadena, TX
      View Details
    • $590,000

      Undeveloped Land on Red Bluff

      2.53 acres of unimproved land with high visibility.
      Red Bluff Road, Pasadena, TX
      View Details
    • $300,000
      1,182 SF

      Renovated Pasadena Apartment Community

      Newly renovated apartment community in Pasadena, Texas with income potential.
      1001 Spooner St, Pasadena, TX 77506
      View Details
    • $1,350,000
      37,233 SF

      Pasadena Office Building For Sale

      Four-story office building in Pasadena, Texas, with value-add potential.
      817 SOUTHMORE AVE, Pasadena, TX
      View Details
    • $2,486,622

      Commercial Development Site in Pasadena

      Commercial land for sale in a high-traffic retail corridor.
      6149 Spencer Highway, Pasadena, TX
      View Details
    • $895,000
      7,930 SF

      Pasadena Commercial Building For Sale

      7,930 SF commercial building in a developed Pasadena community.
      619 Jackson Avenue, Pasadena, TX
      View Details
    • $375,000
      2,819 SF

      Freeway-Adjacent Industrial Building Available

      High-visibility industrial building with showroom and signage opportunity.
      300 Pasadena Fwy, Pasadena, TX
      View Details
    • $1,800,000
      13,093 SF

      Insulated Industrial Building with Excess Land

      13,093 SF industrial building with 40,000 SF excess land.
      909 Shaver Street, Pasadena, TX 77506
      View Details
    • $440,000
      1,325 SF

      Pasadena Commercial Property with Expansion Potential

      Versatile property with excellent visibility and room for growth.
      922 Main St, Pasadena, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.113 acres with high traffic, ideal for development.
    Where is this commercial land located?
    The property is located at 4914 Spencer Hwy Pasadena, TX.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: High Traffic Location: +/- 30,000+ CPD on Spencer Hwy; Multi‑Purpose Tract ideal for QSR, Restaurant, Retail, Office, or Motel; Utilities Available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joel Hill
    Real Estate License ID: TX 555773
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4914 Spencer Hwy, Pasadena, TX 77505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!