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Property profile & analytics
OFF-MARKET Estimated value $1,305,000
Warehouses

2950 Shaver St Pasadena, TX 77502-4954

35,208 SF 2.77 ac lot Built 1977
Entity Owned Absentee Owner Free & Clear
Property ID
US83-2792520
Property summary
AI-generated overview

This Pasadena, Texas industrial property, the Shaver Business Center, offers multiple warehouse suites for lease within a six-building complex totaling 154,000 square feet. Individual units range from a minimum of 1,250 square feet to a maximum contiguous space of 8,000 square feet. The property features a Class B rating, boasts 16-foot ceiling heights, and includes 90 dock-high doors. Built in 1980 and renovated in 2022, the single-story buildings provide modern amenities including new paint, flooring, and lighting, along with updated restrooms. The property benefits from three-phase and single-phase 240-volt power, making it ideal for various industrial and manufacturing uses. Located at 2950 Shaver Street, Pasadena, TX 77502, this prime location offers convenient access to Beltway 8, the Gulf Freeway (Highway 45), and the Pasadena Freeway (Highway 225). The high-traffic location on Shaver Street sees approximately 32,000 vehicles daily, providing excellent visibility. An on-site advertising marquis is also available. The property is well-maintained and features a clean, well-lit facility. The landlord is responsive and attentive to tenant needs. Select units may qualify for up to two months of free rent.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Construction METAL FRAME
Total area 35,208 SF
Lot 2.77 ac (120,639 SF)
APN 610860000240
UPID US83-2792520
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
  • ALIGNMENT AND SUSPENSION Auto Repair Shop
  • South Shaver Business Park Business Park
  • Gus auto repair and body Auto Repair Shop
  • J&G Auto Repair Auto Repair Shop Vehicle Inspection Center
  • Cesar Paint & Body Shop Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.31M
Owner & transaction history
SHAVER BUSINESS CENTER LLC
SHAVER BUSINESS CENTER LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.2M +2.1%
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