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0 Nec Of Fairmont Pkwy And Panama St Pasadena, TX 77504

OFF-MARKET
Land
0.96 ac lot
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Property summary

AI-generated overview

This exceptional 0.964-acre commercial land parcel presents a remarkable development opportunity in the thriving city of Pasadena, Texas. Strategically located at the northeast corner of Fairmont Parkway and Panama Street, this property boasts exceptional visibility and accessibility. The lot, approximately 42,000 square feet, is situated along Fairmont Parkway, a major thoroughfare experiencing approximately 29,000 vehicles per day, ensuring high traffic exposure for any future development. Its prime location offers immediate proximity to established businesses, including a Walgreens and McDonald's, further enhancing its desirability. The property is conveniently located just one mile west of the significant retail intersection of Beltway 8 and Fairmont Parkway, placing it within a vibrant commercial hub. This area benefits from a strong presence of retail, restaurants, and office spaces, and a substantial daytime population of approximately 112,875 within a three-mile radius. The land is identified by Harris County parcel number 0461650000125. Offered at $714,000, with a land value of $17 per square foot, this represents a compelling investment opportunity for developers seeking a high-impact location in a rapidly growing market. Don't miss this chance to acquire a prime piece of Pasadena real estate.

Property profile

Verified
Property type Land
Lot 0.96 ac (41,992 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nec Of Fairmont Pkwy And Panama St Pasadena, TX 77504
Pasadena metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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