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Property profile & analytics
OFF-MARKET
Turn key restaurants
3002 Pasadena Fwy 1 Pasadena, TX 77503-1001
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0329695
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1979
Construction
WOOD FRAME
Total area
5,080 SF
Lot
0.81 ac (35,406 SF)
APN
640110000001
UPID
US82-0329695
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
-
Grand Prize Barbeque Restaurant
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
7503 Hillcroft · 19 yrs held
7503 Hillcroft
since 2006
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 2020Property tax & assessments
Tax year 2020
Tax billed
$14,341
Tax year 2020
Assessed value
$578,816
Assessed 2024
Previous assessed
$572,329
+1.1% YoY
Effective rate
2.48%
On assessed value
Assessed land
$354,050
Assessed improvement
$224,766
Land market value
$354,050
Improvement market value
$224,766
Total market value
$578,816
Applied tax rate
2.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1979
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,080 SF
Lot
0.81 ac (35,406 SF)
APN
640110000001
UPID
US82-0329695
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
1979
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
7503 Hillcroft
Individual
Free & Clear · 19 yrs held
Mailing address
5711 CHIMNEY ROCK RD, HOUSTON, TX 77081-2712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2017
—
7503 Hillcroft LP
—
Deed
related
$712,500 · Third Coast Bk Ssb
Oct 5, 2009
—
7503 Hillcroft
—
Trustees Deed
related
$250,000 · Patriot Bank NA
Aug 28, 2008
—
7503 Hillcroft
—
Trustees Deed
related
$250,000 · Patriot Bank NA
Aug 25, 2006
—
7503 Hillcroft
Beer A Robert
Grant Deed
related
—
—
—
7503 Hillcroft LP
—
Loan Modification
related
$221,027 · Texas Capital Bank NA
—
—
7503 Hillcroft LP
—
Deed Of Trust
related
$250,000 · Texas Capital Bank NA
—
—
7503 Hillcroft LP
—
Loan Modification
related
$712,500 · Third Coast Bk Ssb
—
—
7503 Hillcroft LP
—
Deed Of Trust
related
$250,000 · Patriot 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.
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