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Property profile & analytics
OFF-MARKET
Land

5021 Spencer Hwy Pasadena, TX 77505

Property ID
Property summary
AI-generated overview

This exceptional 170,651 square foot commercial land parcel, located at 5021 Spencer Highway in Pasadena, Texas, presents a significant investment opportunity. Zoned NZ, this property offers unparalleled flexibility for a variety of commercial, industrial, or residential developments. Its prime location along a major thoroughfare ensures high visibility and significant daily traffic, attracting a substantial customer base. The surrounding area boasts a diverse mix of existing commercial and residential establishments, creating a thriving and dynamic environment. This property is ideally suited for developers and investors seeking to capitalize on the strong market demand and continued growth potential within Pasadena's vibrant business community. The asking price is $1,800,000. The property's strategic location, flexible zoning, and surrounding amenities combine to create a compelling investment prospect with potential for substantial returns. The Harris County location, with zip code 77505, offers easy access to major transportation routes and a robust infrastructure. This is a rare opportunity to acquire a large, well-positioned parcel of land in a rapidly growing Texas market. The APN is 061-207-014-0001.

Property profile
Verified
Property type Land
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
  • Combs Heating and Cooling Services Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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