1902 Shaver St Pasadena, TX 77502-2048
This exceptional 5,550 square foot mixed-use commercial property, located at 1902 Shaver Street in Pasadena, Texas (77502), presents a compelling investment opportunity. The property, built in 1963 and renovated in 2011, boasts a single-story design encompassing two versatile suites ideal for retail or office use, and a spacious rear auto shop garage complete with shaded areas and ample parking. The 11,050 square foot lot offers significant potential. Currently operating as a multi-tenant property with two tenants, the gross lease agreements expire December 31, 2024. The property is classified as Class C and features flexible zoning allowing for a wide range of commercial uses. The asking price is $550,000, representing $99 per square foot of building space and $50 per square foot of land value. The property's strategic location in a high-demand commercial area of Harris County, combined with its versatile layout and income-generating potential, makes it an attractive addition to any real estate portfolio. The property is offered with 100% ownership and the APN is 0710070000135. This is a for-sale-by-owner opportunity.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.