3941 Fairway Plz Dr Pasadena, TX 77505
- Community centers
- 31,730 SF
- 9.51 lot acres
Current Use by Public Records
- Community centers
Property Details for 3941 Fairway Plz Dr
- Year built
- 2006
- Construction
- STEEL FRAME
- Lot size
- 9.51 lot acres
- Property size
- 31,730 SF
- Property type
- Community centers
- APN
- 1304390010002
- APU
- 1304390010002
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $910,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,193,000
Market price range: $326k - $1.19M
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Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Harris
- State
- Texas
- Longitude
- -95.1505
- Latitude
- 29.6523
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
