1210 Southmore Ave Pasadena, TX 77502-1206
Property profile & analytics
1210 Southmore Ave Pasadena, TX 77502-1206
- Medical Office Space
- 12,784 SF
- 2.30 lot acres
Property ID
US82-4698912
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Fresenius Kidney Care Strawberry Park Kidney Center / Medical Clinic
Property Details for 1210 Southmore Ave
- Year built
- 1980
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.30 lot acres
- Property size
- 12,784 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 440190000081
- APU
- 440190000081
Description
This Pasadena, TX medical office building presents a compelling investment opportunity. The 11,317 square foot, single-tenant property is 100% occupied by Fresenius Kidney Care under a Net Lease with 6.3 years remaining on a 15.3-year lease, expiring February 28, 2031. Built in 1980 and renovated in 2015, the building sits on a 2.3-acre lot with 40 parking spaces. The lease includes three, five-year renewal options with 10% rent increases every five years during the primary term and fair market value increases in the option periods. The current asking price is $3,705,625, representing a 6.40% cap rate and a price per square foot of $327.44. The property boasts a strong NOI of $237,160 and benefits from its location in a densely populated area of Pasadena, a suburb of Houston, with a high average household income. The tenant, Fresenius Kidney Care, is a leading operator in the healthcare industry with an investment-grade credit rating. This offering provides a stable, long-term investment with built-in rent growth and minimal expense exposure. The property is fee simple ownership. The lease is landlord-friendly with no early termination clauses. The building is located on Southmore Avenue, a high-traffic area.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,329,000
Market price range: $424k - $1.33M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $930,000 Current use
- COMMERCIAL (GENERAL)
- $1,860,000 Change: +100% Conversion: Easy
- RESTAURANT
- $1,565,000 Change: +68% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,240,000 Change: +33% Conversion: Difficult
- RETAIL STORES
- $900,000 Change: -4% Conversion: Difficult
- OFFICE BUILDING
- $895,000 Change: -4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Harris
- State
- Texas
- Longitude
- -95.196
- Latitude
- 29.6903
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$36,434
$1,000,140
$2,198,022
$3,198,162
-
$1,000,140
$2,198,022
$3,198,162
