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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
3515 Spencer Hwy Pasadena, TX 77504-1173
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3323610
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
WOOD FRAME
Total area
6,752 SF
Lot
0.52 ac (22,499 SF)
APN
660470070043
UPID
US83-3323610
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
-
Total by Verizon Mobile Phone Store Electronics & Wireless Store
-
Ai United Insurance Insurance Agency
-
Five Star Dentists- Pasadena Dental Office
-
Cash Store Loan Service
-
Minhly Duy Nguyen Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$700k
Owner & transaction history
Lv Parkview Investments LLC · 6 yrs held
Lv Parkview Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$620,000
+47.4%
Auto repair, garage
$595,000
+41.4%
Restaurant
$580,000
+37.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$420,000
Current use
COMMERCIAL (GENERAL)
$620,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$595,000
Change: +41% · Conversion: Difficult
RESTAURANT
$580,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$440,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$440,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$104 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$23,250
Tax year 2022
Assessed value
$2,048,231
Assessed 2024
Previous assessed
$2,045,213
+0.1% YoY
Effective rate
1.14%
On assessed value
Assessed land
$337,500
Assessed improvement
$1,710,731
Land market value
$337,500
Improvement market value
$1,710,731
Total market value
$2,048,231
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,752 SF
Lot
0.52 ac (22,499 SF)
APN
660470070043
UPID
US83-3323610
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
RETAIL STORES Current
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$595,000
RESTAURANT
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$440,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$440,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
WAREHOUSE, STORAGE
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
2009
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Lv Parkview Investments LLC
Entity
Mailing address
7518 DRAYTON CT, SUGAR LAND, TX 77479-3176
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jun 29, 2022
—
Haaz Investment LLC
—
Deed
related
$981,000 · Wells Fargo Bank NA
Aug 15, 2019
—
Lv Parkview Investments LLC
Ccg Houston I LP
Grant Deed
$3,150,000 · Wells Fargo Bk
Jun 14, 2017
—
Haaz Investment LLC
Blueberry Retail Fund LP
Grant Deed
$1,500,000 · Allegiance Bk
Aug 6, 2012
—
Ccg Houston I LP
Ca New Plan Fixed Rate Ptshp L
Grant Deed
related
—
Apr 19, 2010
—
Blueberry Retail Fund LP
Spencer Blueberry Ltd
Quit Claim Deed
related
$1,081,000 · Compass Bank
Mar 14, 2008
—
Spencer Blueberry Ltd
4447 Associates Lc
Grant Deed
related
—
Apr 2, 2007
—
4447 Associates Lc
4447 Associates
Quit Claim Deed
related
—
—
—
Blueberry Retail Fund LP
—
Loan Modification
related
$1,046,690 · Compass 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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