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    Fairmont Pkwy Pasadena, TX 77571

    Sponsored
    For Sale
    $3,310,560

    7.6 Acres, prime Pasadena location. High traffic count.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.6-acre commercial land parcel presents a remarkable investment opportunity in Pasadena, Texas. Strategically located on Fairmont Parkway, this property boasts a high traffic count of approximately 36,000+ cars per day, ensuring maximum visibility and accessibility for any commercial venture. The land is divided into three tracts, according to Harris County Appraisal District records. Zoned for General Commercial use, this site is ideal for a variety of developments, including retail or office spaces. A significant advantage is its prime corner location with a traffic signal, enhancing visibility and convenient access. The property is conveniently situated near San Jacinto College and the Houston Area Safety Council, providing a strong potential customer base. Its proximity to the Pasadena Convention Center Complex further adds to its appeal. Importantly, the deed restricts the development of convenience stores and gas stations, ensuring the property's suitability for higher-end commercial projects. This exceptional location, combined with its size and zoning, makes this a truly unique opportunity for investors seeking a high-impact commercial development project. The asking price is $3,310,560.

    Property Features for 0 Fairmont Pkwy

    General Information

    Property type
    Specialty properties
    Lot Size
    331,056 SF

    HighLights

    • 7.6‑acre site comprised of three tracts (per HCAD).
    • Over 36,000+ cars per day (Fairmont traffic count).
    • Suitable for retail or office development.
    • C‑store use prohibited by deed restriction.
    • General Commercial zoning.
    • Convenient proximity to San Jacinto College and Houston Area Safety Council.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.110914127379
    Latitude
    29.650772830107

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    FAQs

    What type of property is this?
    Specialty property - 7.6 Acres, prime Pasadena location. High traffic count.
    Where is this specialty property located?
    The property is located at Fairmont Pkwy Pasadena, TX.
    What is the asking price?
    The asking price for this property is $3,310,560.
    What are key features of this property?
    This property features: 7.6-acre site comprised of three tracts (per HCAD).; Over 36,000+ cars per day (Fairmont traffic count).; Suitable for retail or office development.
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    Fairmont Pkwy Pasadena, TX 77571
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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
    Fairmont Pkwy Pasadena, TX 77571
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