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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Community centers
1004 Southmore Ave Pasadena, TX 77502-1202
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2909394
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1966
Construction
STEEL FRAME
Total area
105,971 SF
Lot
9.56 ac (416,320 SF)
APN
440190000016
UPID
US82-2909394
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
-
Amazon Locker - Oswego Courier Service Postal Service
-
dd's DISCOUNTS Department Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.84M
Owner & transaction history
4320 Utc INC · 16 yrs held
4320 Utc INC
since 2009
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$62,842
Tax year 2022
Assessed value
$6,176,621
Assessed 2024
Previous assessed
$5,527,978
+11.7% YoY
Effective rate
1.02%
On assessed value
Assessed land
$2,081,600
Assessed improvement
$4,095,021
Land market value
$2,081,600
Improvement market value
$4,095,021
Total market value
$6,176,621
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
105,971 SF
Lot
9.56 ac (416,320 SF)
APN
440190000016
UPID
US82-2909394
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
9.56 ac
Current owner
From public records · entity-resolved
4320 Utc INC
Entity
Free & Clear · 16 yrs held
Mailing address
8827 W SAM HOUSTON PKWY N STE #200, HOUSTON, TX 77040-5383
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2012
—
A-s 106 Pasadena Town Center L
—
Deed Of Trust
related
$75,000,000 · J P Morgan Chase Bank
Sep 1, 2009
$2,043,000
4320 Utc INC
Cleveland David
Trustees Deed
—
Jan 17, 2006
—
Texas Realty I Mds
—
Deed Of Trust
related
$575,000,000 · Greenwich Capital Fin'l INC
—
—
A-s 106 Pasadena Town Center L
—
Loan Modification
related
$200,000,000 · Jp Morgan Chase Bank NA
—
—
A-s 106 Pasadena Town Center L
—
Deed Of Trust
related
$225,000,000 · Jp Morgan Chase Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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