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Property profile

0 Fairmont Pkwy Pasadena, TX 77504

OFF-MARKET
Land
1.23 ac lot
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Property summary

AI-generated overview

This exceptional 1.23-acre commercial land parcel is situated at 0 Fairmont Pkwy, Pasadena, TX 77504, in Harris County. Boasting approximately 178.5 feet of frontage on Fairmont Parkway and a depth of approximately 322 feet, this property offers significant development potential. The City of Pasadena has no zoning restrictions, providing flexibility for a variety of uses. A preliminary site plan, available in the due diligence package, suggests the feasibility of constructing approximately 10,000 square feet of improvements, factoring in parking and drainage considerations. A detention pond is planned to drain from the rear of the property to Fairmont Parkway. The site is conveniently located near the Port of Houston, NASA, and the heart of the Petrochemical Complex, offering excellent access to major transportation routes and a robust workforce. Utilities are provided by the City of Pasadena. Importantly, this property lies outside the 500-year floodplain. This location is well-suited for retail, medical, or office developments. Detailed site plans and further information are available upon request. The property is approximately 53,531 square feet.

Property profile

Verified
Property type Land
Lot 1.23 ac (53,579 SF)

Cap rate & NOI

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

Location

Fairmont Pkwy 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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