Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nwq Of Preston & Crenshaw Pasadena, TX 77504
    Property profile & analytics

    Nwq Of Preston & Crenshaw Pasadena, TX 77504

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nwq Of Preston & Crenshaw

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre pad site is located at the northwest quadrant of Preston and Crenshaw Roads in Pasadena, Texas, zip code 77504. Situated within a thriving medical/mixed-use development, this property offers unparalleled visibility and accessibility. The site benefits from high traffic counts, with over 13,702 vehicles per day on Preston Road and over 9,944 vehicles per day on Crenshaw Road, ensuring maximum exposure for your business. The development boasts 125 parking spaces and prominent marquee signage opportunities. This location is ideally positioned near Pasadena Memorial High School and surrounded by complementary businesses. The surrounding area demonstrates strong demographics, with a population exceeding 102,844 within a 3-mile radius and an average household income of $75,475 within a 1-mile radius. Approximately 1,800 square feet of inline space is also currently available for lease within the development. This presents a unique opportunity to establish a business in a high-growth area with a strong customer base. The property's strategic location and ample parking make it an ideal investment for a variety of retail uses. Don't miss this chance to secure a prime location in a rapidly developing area of Pasadena.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1715
    Latitude
    29.6404

    Comparable in this City

    • Value Estimation by Request
      1.31 Acres

      Fairmont Pkwy

      Land • 1.31 Acres
      0 Fairmont Pkwy, Pasadena, TX 77504
      View Details
    • Value Estimation by Request
      0.85 Acres

      1103 Fairmont Pkwy

      Land • 0.85 Acres
      1103 Fairmont Pkwy, Pasadena, TX 77504
      View Details
    • Value Estimation by Request
      3.89 Acres

      Swc Of Preston Ave And Columbia Dr

      Land • 3.89 Acres
      0 Swc Of Preston Ave And Columbia Dr, Pasadena, TX 77504
      View Details
    • Value Estimation by Request
      1.23 Acres

      Fairmont Pkwy

      Land • 1.23 Acres
      0 Fairmont Pkwy, Pasadena, TX 77504
      View Details
    • Value Estimation by Request
      4.12 Acres

      4422 Spencer Hwy

      Land • 4.12 Acres
      4422 Spencer Hwy, Pasadena, TX 77504
      View Details
    • Value Estimation by Request
      0.96 Acres

      Nec Of Fairmont Pkwy And Panama St

      Land • 0.96 Acres
      0 Nec Of Fairmont Pkwy And Panama St, Pasadena, TX 77504
      View Details

    Similar Nearby for Sale

    • $2,352,240

      Pasadena Land For Sale

      Land available for sale in Pasadena, Texas.
      1621 Genoa Red Bluff Rd, Pasadena, TX 77504
      View Details
    • $250,000

      Partially Wooded Lot For Sale

      1.26 acre lot with utilities available in Houston, TX.
      729 Crenshaw Rd, Houston, TX 77504
      View Details
    • $250,000

      Partially Wooded Lot For Sale

      1.31 acre lot with utilities available for sale.
      721 Crenshaw Rd, Houston, TX 77504
      View Details
    • Contact for pricing

      Pasadena Land For Sale

      Land available for sale in Pasadena, Texas.
      4018 Spencer Hwy, Pasadena, TX 77504
      View Details
    • $240,000

      Versatile Half-Acre Lot Available

      Half-acre lot suitable for commercial or residential use.
      3932 Allen Genoa Rd, Pasadena, TX 77504
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Pasadena Heart

      Retail space with high visibility and easy access.
      3330 Spencer Hwy, Pasadena, TX 77504
      View Details
    • Contact for pricing

      Retail Space at Premier Intersection

      Second generation retail space at a prominent intersection.
      3023 Shaver St, Pasadena, TX 77504
      View Details
    • Contact for pricing

      Modern Pasadena Medical/Office Space

      Divisible shell space in freestanding building, ideal for custom buildout.
      3412 Burke Rd, Pasadena, TX 77504
      View Details
    • $24 SF/Yr
      2,000 SF

      Retail Space Near Bayshore Hospital

      Retail space suitable for medical, salon, restaurant, or office use.
      3514 Burke Rd, Pasadena, TX 77504
      View Details
    • $18 SF/Yr
      9,050 SF

      Retail Space in Pasadena, TX

      9,050 SF retail space available for lease.
      4300 Fairmont Pkwy, Pasadena, TX 77504
      View Details
    • Contact for pricing

      Pasadena Warehouse Space Available

      Warehouse space for rent in Pasadena, Texas.
      1605 Genoa Red Bluff Rd, Pasadena, TX 77504
      View Details
    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.
    Nwq Of Preston & Crenshaw
    Pasadena, TX 77504
    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
    Nwq Of Preston & Crenshaw, Pasadena, TX, 77504
    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!