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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Warehouses
2813 Spencer Hwy Pasadena, TX 77504-1001
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3746199
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
METAL FRAME
Total area
7,495 SF
Lot
1 ac (43,560 SF)
APN
610860000022
UPID
US83-3746199
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
-
Custom 10 Tire and Wheels (Bike/Boat/Book/etc) Store Auto Parts Store
-
One Stop Customs (Bike/Boat/Book/etc) Store Auto Parts Store
-
Custom 10 Wheels & Tires (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$525k
Owner & transaction history
2813 Spencer Highway LLC · 2 yrs held
2813 Spencer Highway LLC
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$690,000
+40.9%
Auto repair, garage
$660,000
+35.2%
Restaurant
$645,000
+31.6%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$490,000
Current use
COMMERCIAL (GENERAL)
$690,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +35% · Conversion: Easy
RESTAURANT
$645,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$485,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$465,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$455,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$70 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,355
Tax year 2023
Assessed value
$1,098,436
Assessed 2024
Previous assessed
$1,098,436
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$653,400
Assessed improvement
$445,036
Land market value
$653,400
Improvement market value
$445,036
Total market value
$1,098,436
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
7,495 SF
Lot
1 ac (43,560 SF)
APN
610860000022
UPID
US83-3746199
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
WAREHOUSE, STORAGE Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$660,000
RESTAURANT
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$485,000
RETAIL STORES
Est. value
$465,000
OFFICE BUILDING
Est. value
$455,000
MEDICAL BUILDING
Est. value
$445,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
MEDICAL 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
1982
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
1 ac
Current owner
From public records · entity-resolved
2813 Spencer Highway LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2730 SPENCER HWY, PASADENA, TX 77504-1020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
2813 Spencer Highway LLC
Brenmar Partner Properties LP
Special Warranty Deed
—
Oct 7, 2020
—
Brenmar Partner Properties LP
—
Deed
related
$563,847 · Trustmark Nat'l Bk
Aug 9, 2017
—
Brenmar Partner Properties LP
Kevin Russell
Grant Deed
—
Mar 22, 2013
—
Kevin Russell
Russell,angie
Quit Claim Deed
related
$400,000 · Mid South Bank
Apr 7, 2006
—
Kevin Russell
South Central Indl Props
Warranty Deed
$290,000 · South Central Ind'l Props LP
—
—
Brenmar Partner Properties LP
—
Loan Modification
related
$563,847 · Trustmark Nat'l 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.
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