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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Warehouses
3214 Pasadena Fwy Pasadena, TX 77503-1003
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3698743
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
METAL FRAME
Total area
20,476 SF
Lot
1.22 ac (53,317 SF)
APN
402180030055
UPID
US82-3698743
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$785k
Owner & transaction history
Pasadena Capital Group LLC · 6 yrs held
Pasadena Capital Group LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+16.2%
Apartment house (5+ units)
$1.2M
+13.7%
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
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,070,000
Current use
OFFICE BUILDING
$1,245,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,220,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$38 / 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
$28,657
Tax year 2023
Assessed value
$1,252,606
Assessed 2024
Previous assessed
$1,252,606
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$426,536
Assessed improvement
$826,070
Land market value
$426,536
Improvement market value
$826,070
Total market value
$1,252,606
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
2
Total area
20,476 SF
Lot
1.22 ac (53,317 SF)
APN
402180030055
UPID
US82-3698743
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
$1.1M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
1.22 ac
Current owner
From public records · entity-resolved
Pasadena Capital Group LLC
Entity
Mailing address
501 W SOUTHERN AVE, ORANGE, CA 92865-3217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2020
—
Pasadena Capital Group LLC
—
Deed
related
$945,000 · Greater Tx Cap
Jun 15, 2020
—
Pasadena Capital Group LLC
Dwf Properties LP
Grant Deed
related
$1,186,000 · Cit Bk NA
Jun 12, 2020
—
Pasadena Capital Group LLC
—
Deed
related
$945,000 · Cit Bk NA
May 30, 2012
—
Dwf Properties LP
Cismis Springfield Corp
Warranty Deed
$1,615,000 · Community Bank Of Texas NA
—
—
Pasadena Capital Group LLC
—
Deed Of Trust
related
$1,186,000 · Cit Bk NA
—
—
Pasadena Capital Group LLC
—
Deed Of Trust
related
$945,000 · Cit Bk NA
—
—
Pasadena Capital Group LLC
—
Deed Of Trust
related
$945,000 · Greater Tx Cap
—
—
Dwf Properties LP
—
Deed Of Trust
related
$1,500,000 · Miscellaneous Ins Co
—
—
Pamela A Isaac
—
Deed Of Trust
related
$204,705 · J P Morgan Chase Bank
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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