Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Distribution centers
10535 Red Blf Rd Pasadena, TX 77507-1073
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-1101462
Property summary
AI-generated overview
This exceptional Class A property, built in 2018, offers 256,900 square feet of versatile space in Pasadena, TX (77507). Located at 10535 Red Bluff Rd, it features a single building with multiple tenancy options, ranging from 300 to 20,000 contiguous square feet. The property boasts a 32-foot ceiling height, ideal for various industrial and office uses. Extensive loading capabilities are provided with 62 loading docks and 2 drive-ins. Amenities include 24/7 access, high-speed internet, package handling, complimentary beverages, on-site management, and comprehensive security features such as CCTV cameras. Forklift rentals are available to support efficient operations. This prime location offers easy access for shipping and receiving, making it an excellent choice for businesses seeking flexible and well-equipped space. The property's diverse subtype options—executive office, coworking, warehouse, and distribution—cater to a wide range of business needs. The property's APN is 1400180010001.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2017
Construction
STEEL FRAME
Total area
261,710 SF
Lot
13.81 ac (601,389 SF)
APN
1400180010001
UPID
US83-1101462
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
-
UNIS Bonded Warehousing & Transportation (Houston HQ) Warehouse & Storage
-
NDS (Seven Bluff) Freight Service Logistics Company
-
CUBEWORK Coworking & Hybrid Office
-
Technovector Inc. Industrial Manufacturer Production Facility
-
Commercial Lending Pasadena, TX Business Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
LEX PASADENA
LEX PASADENA
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
$7 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$281,518
Tax year 2023
Assessed value
$25,041,421
Assessed 2024
Previous assessed
$25,041,421
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,608,340
Assessed improvement
$21,433,081
Land market value
$3,608,340
Improvement market value
$21,433,081
Total market value
$25,041,421
Applied tax rate
20.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
1
Total area
261,710 SF
Lot
13.81 ac (601,389 SF)
APN
1400180010001
UPID
US83-1101462
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
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
1
Lot
13.81 ac
Current owner
From public records · entity-resolved
LEX PASADENA
Individual
Free & Clear · 0 yrs held
Mailing address
1 PENN PLZ STE #4015, NEW YORK, NY 10119-4015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10535 Red Blf Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
