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Property profile & analytics
FOR SALE
Retail space
2702 Cherrybrook Ln Pasadena, TX 77502
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3746212
For Sale
$3,000,000
2702 Cherrybrook Ln, Pasadena, TX 77502
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
STEEL FRAME
Total area
12,446 SF
Lot
0.88 ac (38,398 SF)
APN
572200000017
UPID
US83-3746212
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.29M
Owner & transaction history
Arissa Properties LLC · 4 yrs held
Arissa Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+107.1%
Restaurant
$1.5M
+74.4%
Auto repair, garage
$1.2M
+37.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$875,000
Current use
COMMERCIAL (GENERAL)
$1,810,000
Change: +107% · Conversion: Easy
RESTAURANT
$1,525,000
Change: +74% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,205,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
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
$19,619
Tax year 2022
Assessed value
$1,696,251
Assessed 2024
Previous assessed
$1,725,820
-1.7% YoY
Effective rate
1.16%
On assessed value
Assessed land
$307,184
Assessed improvement
$1,389,067
Land market value
$307,184
Improvement market value
$1,389,067
Total market value
$1,696,251
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
For Sale
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
12,446 SF
Lot
0.88 ac (38,398 SF)
APN
572200000017
UPID
US83-3746212
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$905,000
OFFICE BUILDING
Est. value
$870,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Arissa Properties LLC
Entity
Mailing address
800 BONAVENTURE WAY STE #146, SUGAR LAND, TX 77479-8006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 20, 2021
—
Arissa Properties LLC
Archpoint Ventures LLC
Venders Lien
$2,240,000 · Allegiance Bank
Oct 20, 2020
—
Archpoint Ventures LLC
—
Deed Of Trust
related
$338,000 · Allegiance Bk
May 21, 2019
—
Archpoint Ventures LLC
Avery Commercial Medium A LLC
Grant Deed
$421,000 · Chasewood Bk
Oct 2, 2013
—
Avery Commercial Medium A LLC
Bw Elizabeth Properties LLC
Grant Deed
related
—
Dec 2, 2004
—
Bw Elizabeth Properties LLC
Brown,ken & Andrea L
Grant Deed
$1,008,750 · Union Planters National Bank
—
—
Bw Elizabeth Properties LLC
—
Deed Of Trust
related
$926,800 · Regions Bank
—
—
Archpoint Ventures LLC
—
Deed Of Trust
related
$412,000 · Allegiance Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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