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Property profile

0 Swc Of Preston Ave And Columbia Dr Pasadena, TX 77504

OFF-MARKET
Land
3.89 ac lot
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Property summary

AI-generated overview

This exceptional 3.89-acre development site is located at the southwest corner of Preston Avenue and Columbia Drive in Pasadena, Texas (77504), Harris County. The property offers unparalleled access and visibility, situated at a signalized intersection with strong visibility from Fairmont Parkway, a major thoroughfare. This ±169,875 square foot parcel (Parcel no. 0461650000125) is adjacent to established businesses including Walgreens and McDonald's, indicating a strong retail presence in the immediate vicinity. The location boasts significant advantages, including proximity to a major retail intersection at Beltway 8 and Fairmont Parkway (approximately one mile west). The area demonstrates a robust concentration of retail, restaurant, and office establishments, supporting a substantial daytime population of approximately 110,000 within a three-mile radius. Fairmont Parkway experiences approximately 29,000 vehicles per day, ensuring high traffic exposure for any development. The asking price is $2,378,250, translating to a land value of $14 per square foot. This presents a unique opportunity for developers seeking a high-traffic, well-located site in a thriving Texas market.

Property profile

Verified
Property type Land
Lot 3.89 ac (169,448 SF)

Cap rate & NOI

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

Location

Swc Of Preston Ave And Columbia Dr Pasadena, TX 77504
Pasadena metro
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Value estimations

Realmo proprietary · 4 methods
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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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