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    4060 Red Blf Rd Pasadena, TX 77503-3606
    Property profile & analytics

    4060 Red Blf Rd, Pasadena, TX 77503-3606

    View on Map
    • Office buildings
    • 21,361 SF
    • 7.55 lot acres
    Off-Market
    Property ID
    US82-7796836
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • WORK BOARDS / Association / Organization
    • I. L. A. LOCAL 24 / Advocacy Group

    Property Details for 4060 Red Blf Rd

    Year built
    2017
    Construction
    FRAME
    Lot size
    7.55 lot acres
    Property type
    Office buildings
    APN
    572300000004
    APU
    572300000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 1, 2016 — International Longshoremen 24 — Trustees Deed · related $2.4M · Wells Fargo Bk
    Aug 12, 2015 — International Longshoremen 24 Fan,hsin C Grant Deed · related —
    May 17, 2001 — Doulgas F Watkins Amresco Independence Funding Grant Deed $259k · Comerica Bank Texas
    Oct 29, 1999 — Affordable Transmission INC A-1 Transmissions INC Grant Deed $460k · Seller
    Jul 30, 1998 — A-1 Transmisiions INC Allen,nolan Grant Deed $185k · Pasadena State Bank
    Nov 10, 1997 — Nolan Allen Allen,larry J Quit Claim Deed · related $61k · Pasadena State Bank
    Jun 30, 1997 — Apostolic Church Of Pasadena Allen,larry J Grant Deed $23k · Individual
    May 23, 1997 — Larry J Allen Duderstadt,james A Grant Deed · related —
    — — Charles Paschal — Deed Of Trust · related $116k · H P Pfeiffer
    — — Sugarland Retirement Communiti — Deed Of Trust · related $150k · Texas Coastal Bank
    — — Harvest Senior Services INC — Deed Of Trust · related $414k · Texas Coastal Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,300,000
      Current use
      RESTAURANT
      $1,830,000
      Change: +41% Conversion: Moderate
      RETAIL STORES
      $1,615,000
      Change: +24% Conversion: Moderate
      MEDICAL BUILDING
      $1,555,000
      Change: +20% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,270,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,120,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1477
    Latitude
    29.6788
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $118,768
    $1,395,095
    $3,906,567
    $5,301,662
    -
    $1,395,095
    $3,906,567
    $5,301,662

    Comparable in this City

    • Value Estimation
      $2,085,000
      92,000 SF

      3737 Red Blf Rd

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $510,000
      9,000 SF

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    • Value Estimation by Request
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    • Value Estimation
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      10,245 SF

      3638 Pasadena Blvd

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    • Value Estimation
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      13,476 SF

      810 Preston Ave

      OFFICE BUILDING
      810 Preston Ave, Pasadena, TX 77503-1929
      View Details
    • Value Estimation by Request
      4,588 SF

      530 Sam Houston S Pkwy

      OFFICE BUILDING
      530 Sam Houston S Pkwy, Pasadena, TX 77503-1704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,967 SF

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      Unrestricted Land with Beltway Access

      1.415 acre unrestricted lot suitable for commercial or residential use.
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      Undeveloped Land on Red Bluff

      2.53 acres of unimproved land with high visibility.
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      Unrestricted Land with Beltway Frontage

      Unrestricted land with frontage on Beltway 8 and Morning Glory.
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      3 SF

      Pasadena Land for Sale

      3.179 acres across two blocks in Pasadena, Texas.
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    Similar Nearby for Lease

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      9,100 SF

      Pasadena Warehouse with Secured Yard

      Secured warehouse with paved yard, quick highway access.
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    • Contact for pricing
      1,200 SF

      Retail Space in Deer Park

      Retail space available for lease in Deer Park, Texas.
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      Renovated Retail Space Available

      Retail space in white box condition, available February 2025.
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      46,573 SF

      Pasadena Warehouse with Office Space

      46,573 SF warehouse with office and dock doors.
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      6,800 SF

      Pasadena Warehouse with Heavy Power

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      Former Furniture Showroom Space

      Showroom space available for lease.
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      View Details
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    Pasadena, TX 77503-3606
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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