Technical
Financial
Distress signals
Property profile

1802 Richey St Pasadena, TX 77502

OFF-MARKET
Auto shops
Property ID
US82-3363439
1,755 SF 0.61 ac lot Built 1955
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 1,305 square foot retail space, built in 1955 and completely renovated in 2023, presents a fantastic opportunity for a mechanic shop or similar business. Located on a hard corner at 1802 Richey Street, the property boasts excellent visibility and ample parking. The single-story building features two bays and a dedicated office space, providing a functional layout for various automotive-related businesses. Recent improvements include a brand new roof and updated plumbing systems, ensuring low maintenance costs for the new owner. The property's strategic location on Richey Street, near Blueridge Avenue, offers convenient access for customers and employees. A significant advantage is the availability of vacant land behind the building, offering potential for expansion or additional parking, subject to separate lease agreement. This turnkey operation is ready for immediate occupancy and represents a compelling investment opportunity in a high-traffic area. The property is a single-tenant space, offering simplicity and control. Don't miss this chance to acquire a well-maintained, updated commercial property with significant growth potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1955
Construction CONCRETE BLOCKS
Total area 1,755 SF
Lot 0.61 ac (26,572 SF)
APN 60010000026
UPID US82-3363439

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

1802 Richey St Pasadena, TX 77502-1711
Pasadena metro Census 321900 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

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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