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Property profile & analytics
OFF-MARKET Estimated value $1,055,000
Community centers

3941 Fairway Plz Dr Pasadena, TX 77505

31,730 SF 9.51 ac lot Built 2006
Entity Owned Absentee Owner Free & Clear
Property ID
US82-2755026
Property summary
AI-generated overview

Exceptional investment opportunity in Pasadena, Texas, presents Fairway Center III, a 103,903-square-foot retail center boasting 100% occupancy. This two-building, single-story property sits on a 9.5-acre lot and features 300 parking spaces. Built in 2007, the center is strategically located at 3941 Fairway Plaza Drive, Pasadena, TX 77505, along Fairmont Parkway (44,108 vehicles per day) and Beltway 8 (74,947 vehicles per day). The property's high-performing tenancy includes Office Depot, Conn's Appliances, and Bel Furniture, among four total tenants, all enjoying long-term leases. This premier retail center benefits from strong retail fundamentals in the Pasadena submarket and a lack of immediate competition. The location is further enhanced by its proximity to a high-performing Target store. The property offers stable cash flow with a history of exceptional occupancy, making it an attractive investment for discerning buyers. The offering includes a total of 103,903 square feet of retail space. This is a rare opportunity to acquire a cash-flowing asset in a prime Houston location.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2006
Construction STEEL FRAME
Total area 31,730 SF
Lot 9.51 ac (414,081 SF)
APN 1304390010002
UPID US82-2755026
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
$910k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$1.06M
Owner & transaction history
Burlington Coat Factoryof Texas LP
Burlington Coat Factoryof Texas LP
since 2025
4 recorded transactions
2025
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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