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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Flex space
3224 Pasadena Blvd Pasadena, TX 77503
Individually Owned
20-yr Hold
Free & Clear
Property ID
US82-4051200
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2014
Construction
METAL FRAME
Total area
120,600 SF
Lot
7.61 ac (331,448 SF)
APN
572350100001
UPID
US82-4051200
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
Sdag · 20 yrs held
Sdag
since 2005
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
$10 / 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
$125,276
Tax year 2023
Assessed value
$9,287,670
Assessed 2024
Previous assessed
$9,287,670
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,988,688
Assessed improvement
$7,298,982
Land market value
$1,988,688
Improvement market value
$7,298,982
Total market value
$9,287,670
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2014
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Total area
120,600 SF
Lot
7.61 ac (331,448 SF)
APN
572350100001
UPID
US82-4051200
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
2014
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Lot
7.61 ac
Current owner
From public records · entity-resolved
Sdag
Individual
Free & Clear · 20 yrs held
Mailing address
PO BOX 2219, CONROE, TX 77305-2219
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
—
Sdag LP
—
Deed
related
$6,300,000 · Community Bk/tx
Oct 9, 2019
—
Dr Unlimited INC
—
Deed
related
$150,000 · Allegiance Bk
Aug 16, 2005
—
Sdag
Worsham Marshall L Trust
Warranty Deed
related
—
—
—
Sdag
—
Deed Of Trust
related
$413,566 · Sterling Bk
—
—
Dr Unlimited INC
—
Deed Of Trust
related
$150,000 · Allegiance Bk
—
—
Sdag LP
—
Loan Modification
related
$6,300,000 · Community Bk/tx
—
—
Sdag LP
—
Loan Modification
related
$1,520,343 · Sterling 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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