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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Warehouses
3536 Red Blf Rd 1140 Pasadena, TX 77503-3304
Entity Owned
~
Est. High Equity
Property ID
US82-2797391
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE BLOCKS
Total area
16,500 SF
Lot
5.01 ac (218,231 SF)
APN
460300000040
UPID
US82-2797391
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
-
U-Haul Moving & Storage of Pasadena Storage Facility
-
Trailer Hitches at U-Haul Auto Parts Store
-
Moving Supplies at U-Haul Big Box & Wholesale Store
-
Truck Sales at U-Haul Car Dealership
-
Trailer Rental at U-Haul Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.35M
Owner & transaction history
Amero Real Estate Company
Amero Real Estate Company
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+94.8%
Restaurant
$1.4M
+63.5%
Retail stores
$1.2M
+44.4%
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
WAREHOUSE, STORAGE
$865,000
Current use
AUTO REPAIR, GARAGE
$1,680,000
Change: +95% · Conversion: Easy
RESTAURANT
$1,410,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$1,245,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$1,200,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$980,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$82 / 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
$109,132
Tax year 2023
Assessed value
$9,599,942
Assessed 2024
Previous assessed
$9,599,942
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,405,848
Assessed improvement
$8,194,094
Land market value
$1,405,848
Improvement market value
$8,194,094
Total market value
$9,599,942
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
16,500 SF
Lot
5.01 ac (218,231 SF)
APN
460300000040
UPID
US82-2797391
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
$865,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$980,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1979
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
5.01 ac
Current owner
From public records · entity-resolved
Amero Real Estate Company
Entity
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
—
Amero Real Estate Company
Arec 11 LLC
Special Warranty Deed
$78,944,000 · Goldman Sachs Bank USA
Aug 1, 2005
—
Arec 11 LLC
Amerco Real Estate Co Of Texas INC
Special Warranty Deed
$240,000,000 · Morgan Stanley Mortgage Capital INC
—
—
Arec 11 LLC
—
Deed Of Trust
related
$55,000,000 · Barclays Bk/plc
—
—
Amerco Real Est Co Of Tx INC
—
Deed Of Trust
related
—
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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