2125 Strawberry Rd Pasadena, TX 77502
- Commercial real estate
- 1,460 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2125 Strawberry Rd
- Year built
- 1954
- Property size
- 1,460 SF
- Property type
- Commercial real estate
Description
This 1-story, 1,460 sq ft traditional office building in Pasadena, TX (77502), is for sale at $400,000. Built in 1954, the property sits on a 6,540 sq ft lot and features a recently updated roof (2018), new plumbing, Hardie siding and stone exterior, granite countertops, custom tile backsplash, and ample storage. The interior has been completely updated. The building offers versatile space suitable for various businesses, potentially accommodating two separate entities. Parking is available for 12+ vehicles. The property boasts a prime location with convenient access to Sam Houston Tollway, I-45, and Hwy 225, ensuring high traffic visibility. The building is currently vacant and offers a 7.50% cap rate with a net operating income (NOI) of $30,000. The sale is a net lease, with a 1-year lease term commencing September 1, 2023, and expiring September 1, 2024. The net rentable square footage is 6,540 sq ft, and the price per square foot is $273.97. This is a fantastic opportunity for investors seeking a well-maintained, versatile property in a high-traffic area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Harris
- State
- Texas
- Longitude
- -95.193123759558
- Latitude
- 29.679842097689
