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Property profile & analytics
FOR SALE
Medical Office Space
1022 Pasadena Blvd Pasadena, TX 77506
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4053368
For Sale
1 / 35
$800,000
1022 Pasadena Blvd, Pasadena, TX 77506
View Listing →
Property summary
AI-generated overview
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 profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
BRICK
Total area
5,301 SF
Lot
0.63 ac (27,573 SF)
APN
650330000052
UPID
US82-4053368
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kumar Kusum K DDS Dental Office
-
Wells Von S DPM Physician
-
Houston DNA LAB Center Dental Office Pharmacy
-
Family Dental Clinic Dental Office
-
Superior Cleaning Solutions Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
SPARKK OFFICE SPACES LLC
SPARKK OFFICE SPACES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$5,479
Tax year 2020
Assessed value
$704,902
Assessed 2024
Previous assessed
$803,303
-12.2% YoY
Effective rate
0.78%
On assessed value
Assessed land
$303,303
Assessed improvement
$401,599
Land market value
$303,303
Improvement market value
$401,599
Total market value
$704,902
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1960
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,301 SF
Lot
0.63 ac (27,573 SF)
APN
650330000052
UPID
US82-4053368
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
SPARKK OFFICE SPACES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4809 LAKEFRONT TER CT, PEARLAND, TX 77584-5993
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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