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    4118 Fairmont Pkwy Pasadena, TX 77504-3302
    Property profile & analytics

    4118 Fairmont Pkwy, Pasadena, TX 77504-3302

    View on Map
    • Strip malls
    • 28,857 SF
    • 3.41 lot acres
    Off-Market
    Property ID
    US83-3746218
    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
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store
    • Primo Water Refill / Big Box & Wholesale Store
    • Garage Door Pasadena / Building Supply / General Contractor

    Property Details for 4118 Fairmont Pkwy

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Lot size
    3.41 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    461650000058
    APU
    461650000058

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2022 — Twin Star Gp LLC — Deed · related —
    Nov 9, 2020 — Fairmont Central LLC — Deed · related $3.1M · Allegiance Bk
    May 28, 2020 — Fairmont Central LLC — Deed · related —
    Apr 25, 2018 — Fairmont Central LLC — Deed · related $200k · Texas Citizens Bk NA
    Mar 19, 2018 — Fairmont Central LLC — Deed · related $137k · Us Small Busn Admn
    Apr 29, 2016 — Fairmont Central LLC John O Harris Ventures LP Warranty Deed $3.1M · Texas Citizens Bk NA
    Nov 30, 2011 — John O Harris Ventures LP — Deed Of Trust · related $2M · Standard Insurance Co
    Aug 12, 2004 — Fairmont Pasadena Cvs John O Harris Ventures Grant Deed · related —
    Aug 4, 2004 — John O Harris Interests — Grant Deed · related $2.9M · Partners Bank Tx
    Apr 17, 1997 — John O Harris Ventures Lc John O Harris Interests LP Quit Claim Deed · related —
    — — John O Harris Ventures LP — Deed Of Trust · related $2M · Standard Insurance Co
    — — Fairmont Central LLC — Loan Modification · related —
    — — John O Harris Ventures — Deed Of Trust · related $1.3M · Ica Mortgage Capital LLC
    — — Fairmont Central LLC — Deed Of Trust · related $137k · Us Small Busn Admn
    — — Fairmont Central LLC — Deed Of Trust · related $200k · Texas Citizens Bk NA
    — — Fairmont Central LLC — Deed Of Trust · related $3.1M · Allegiance Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $831,000
      Market price range: $751k - $1.14M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $950,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1809
    Latitude
    29.65
    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
    $36,606
    $1,486,260
    $1,292,178
    $2,778,438
    -
    $1,486,260
    $1,292,178
    $2,778,438

    Comparable in this City

    • Value Estimation by Request
      4,530 SF

      4300 Fairmont Pkwy

      SHOPPING CENTER, STRIP CENTER
      4300 Fairmont Pkwy, Pasadena, TX 77504-3306
      View Details
    • Value Estimation by Request
      9,048 SF

      3527 Shaver St

      SHOPPING CENTER, STRIP CENTER
      3527 Shaver St, Pasadena, TX 77504-1307
      View Details
    • Value Estimation by Request
      10,282 SF

      3622 Fairmont Pkwy

      SHOPPING CENTER, STRIP CENTER
      3622 Fairmont Pkwy, Pasadena, TX 77504-3070
      View Details
    • Value Estimation
      $575,000
      20,161 SF

      1001 Fairmont Pkwy

      SHOPPING CENTER, STRIP CENTER
      1001 Fairmont Pkwy, Pasadena, TX 77504-2944
      View Details
    • Value Estimation by Request
      6,440 SF

      4102 Yellowstone Dr

      SHOPPING CENTER, STRIP CENTER
      4102 Yellowstone Dr, Pasadena, TX 77504-3427
      View Details
    • Value Estimation
      $720,000
      26,718 SF

      3330 Spencer Hwy

      SHOPPING CENTER, STRIP CENTER
      3330 Spencer Hwy, Pasadena, TX 77504-1106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      Retail center anchored by Family Dollar in Pasadena, Texas.
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      Retail Opportunity in Pasadena, Texas

      New medical/mixed-use development with inline space and pad site.
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      Prime Land Parcel For Sale

      4.11-acre parcel suitable for retail, restaurant, medical, or mixed-use development.
      4422 Spencer Hwy, Pasadena, TX 77504
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      Shaver Street Value-Add Opportunity

      Pasadena property with value-add potential in a prime location.
      4343 Shaver St, Pasadena, TX 77504
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    Similar Nearby for Lease

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      2,000 SF

      Retail Space Near Bayshore Hospital

      Retail space suitable for medical, salon, restaurant, or office use.
      3514 Burke Rd, Pasadena, TX 77504
      View Details
    • Contact for pricing

      Grocery Anchored Retail Center

      Retail center with high visibility, ample parking, and diverse retailers.
      3316 Shaver St, Pasadena, TX 77504
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      Retail Space on Spencer Highway

      Retail space with frontage on a major Pasadena thoroughfare.
      3937 Spencer Hwy, Pasadena, TX 77504
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,800 to 43,560 SqFt.
      Nwq Of Preston & Crenshaw, Pasadena, TX 77504
      View Details
    • Contact for pricing

      Retail Space Near Bayshore Hospital

      Retail space suitable for clinics, salons, or specialty shops.
      3514 Burke Rd, Pasadena, TX 77504
      View Details
    • Contact for pricing

      Retail Space at Premier Intersection

      Second generation retail space at a prominent intersection.
      3023 Shaver St, Pasadena, TX 77504
      View Details
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    Pasadena, TX 77504-3302
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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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