Property profile

3101 Spencer Hwy 321 Pasadena, TX 77504

OFF-MARKET
Garden apartment buildings
Property ID
US83-4116188
17,314 SF 11.24 ac lot Built 1969
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1969
Construction BRICK
Total area 17,314 SF
Lot 11.24 ac (489,627 SF)
APN 461970000003
UPID US83-4116188

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex

Location

3101 Spencer Hwy, Unit 321 Pasadena, TX 77504-1165
Pasadena metro Census 323400 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.13M

Owner & transaction history

since 2017
6 recorded transactions
2020
Price N/A
2017
Price N/A
2014
Price N/A
2007
Price N/A
1999
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.6M +41.4%
Auto repair, garage $1.5M +35.6%
Restaurant $1.5M +32.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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