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Property profile & analytics
OFF-MARKET
Retail space
2510 Spencer Hwy Pasadena, TX 77504-1016
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2847917
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
CONCRETE BLOCKS
Total area
6,000 SF
Lot
0.85 ac (37,200 SF)
APN
341980010002
UPID
US83-2847917
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
-
NAPA Auto Parts Auto Parts Store
-
Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Harmsen Brothers Holdings LLC · 5 yrs held
Harmsen Brothers Holdings LLC
since 2020
7 recorded transactions
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
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,229
Tax year 2022
Assessed value
$1,194,883
Assessed 2024
Previous assessed
$1,163,666
+2.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$444,120
Assessed improvement
$750,763
Land market value
$444,120
Improvement market value
$750,763
Total market value
$1,194,883
Applied tax rate
21.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
6,000 SF
Lot
0.85 ac (37,200 SF)
APN
341980010002
UPID
US83-2847917
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
2008
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Harmsen Brothers Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5247 PINECREEK LN, BETTENDORF, IA 52722-1775
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2020
—
Harmsen Brothers Holdings LLC
Robert C Harm 2013 Est Trust
Quit Claim Deed
related
—
Jan 8, 2019
—
Emerge Properties LLC
Spencer Shops LLC
Grant Deed
$1,492,040 · Ciera Bk
Jun 13, 2018
—
Harmsen,robert C 2013 Est Trust
Harmsen,robert C
Quit Claim Deed
related
—
Dec 31, 2008
—
Robert C Harmsen
Pavilion Gpc-pasadena
Grant Deed
related
—
Jun 12, 2008
—
Pavilion Gpc-pasadena
Merchant,taj
Grant Deed
$1,002,000 · Bank Of America
Aug 28, 2007
—
Taj Merchant
Nguyen,don
Grant Deed
related
—
Jan 26, 2007
—
Don Nguyen
Bapa Hospitality INC
Warranty Deed
$115,000 · Wachovia Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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