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Property profile & analytics
FOR LEASE
Retail space

3514 Burke Rd Pasadena, TX 77504

12,825 SF 1.34 ac lot Built 2013
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US82-5989976
Property summary
AI-generated overview

This exceptional retail property, located at 3514 Burke Rd, Pasadena, TX 77504, offers 3,663 square feet of vacant space in a prime location. The property is a shopping center with a total of 3,663 square feet, divisible into units ranging from 1,663 to 2,000 contiguous square feet. The center boasts 54 parking spaces, ensuring ample convenience for customers and employees. Situated approximately one mile south of Spencer Road, on the southwest corner of the four-lane Burke Road near Vista Road, this property benefits from high visibility and accessibility. Its strategic location within the Bayshore Regional Hospital area provides proximity to numerous medical clinics and doctor's offices, as well as a substantial residential population of single-family and multi-family dwellings. The property's versatile space is well-suited for a variety of uses, including, but not limited to, emergency clinics, additional medical practices, nail salons, or office/professional spaces, and various specialty shops. This presents a unique opportunity for businesses seeking a high-traffic location with strong potential for growth and success in a thriving community. The property is entirely vacant, offering a blank canvas for a new tenant or a redevelopment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Construction CONCRETE BLOCKS
Total area 12,825 SF
Lot 1.34 ac (58,588 SF)
APN 341950000002
UPID US82-5989976
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
  • Dental Land Dental Office
  • Low T Center | Pasadena TX Medical Clinic
  • Alicia Peoples Physician
  • Marlon Peoples Physician
  • Dr. Iran Hosseini, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$720k
Owner & transaction history
Rasti Investment LLC · 13 yrs held
Rasti Investment LLC
since 2012
6 recorded transactions
2021
Price N/A
2017
Price N/A
2012
Price N/A
2011
Price N/A
2001
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.2M +47.4%
Auto repair, garage $1.1M +41.4%
Restaurant $1.1M +37.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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