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    1022 Pasadena Blvd Pasadena, TX 77506

    Sponsored
    For Sale
    $845,000

    High-Cap Rate, Multi-Tenant Office

    Property size:
    8,041 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Pasadena, TX commercial property presents a prime investment opportunity. Located at 1022 Pasadena Blvd, 77506, this single-story, 8,041 square foot building sits on a 27,573 square foot lot and offers 42 parking spaces. The property, built in 1960 and renovated in 2019, is classified as a Class B, multi-tenant office building with a mix of medical, shopping center, and traditional office spaces. Currently boasting 90% occupancy across its eight tenants, this stabilized investment features a 6.94% cap rate and an asking price of $845,000. Recent improvements include a new roof (2017), new soffits, exterior paint, modern exterior lighting, and updated electrical wiring. The property benefits from a great location, eye-catching signage, and an oversized billboard for maximum tenant visibility. The lease type is NNN. This low-maintenance property is ideal for investors seeking consistent income generation. The property is for sale by owner.

    Property Features for 1022 Pasadena Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    8,041 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1960/2019
    Buildings
    1
    Stories
    1
    Units
    9

    HighLights

    • 2017 roof replacement, new soffits, exterior paint, updated lighting, and electrical.
    • High‑visibility location with prominent signage and oversized billboard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kumar Kusum K ... Dentist Wells Von S ... Podiatrist Houston DNA LAB ... Local Medical Services Family Dental Clinic Dentist Superior Cleaning Solutions Vacuum Cleaning System Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.2012669
    Latitude
    29.6950693

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    FAQs

    What type of property is this?
    Lifestyle center - High-Cap Rate, Multi-Tenant Office
    Where is this lifestyle center located?
    The property is located at 1022 Pasadena Blvd Pasadena, TX.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: 2017 roof replacement, new soffits, exterior paint, updated lighting, and electrical.; High-visibility location with prominent signage and oversized billboard.;
    Request Owner's contact information
    1022 Pasadena Blvd Pasadena, TX 77506
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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
    1022 Pasadena Blvd Pasadena, TX 77506
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