Technical
Financial
Distress signals
Property profile

4507 Spencer Hwy Pasadena, TX 77504

OFF-MARKET
Retail space
Property ID
US82-4368861
5,550 SF 0.41 ac lot Built 1974
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 5,400-square-foot retail strip center in Pasadena, Texas, offers a prime leasing opportunity. Located at 4507 Spencer Highway, 77504, this multi-tenant property features one immediately available space totaling 3,395 square feet. The property boasts a convenient location near major highways and numerous amenities, ensuring high visibility and accessibility for businesses. Ample free parking is available for both customers and employees. The space includes a variety of storefront options, along with both interior and exterior areas suitable for back-office functions. This location benefits from its proximity to a suburban economy, placing it near significant employers such as NASA Johnson Space Center, Houston Community College, and the University of Houston. The surrounding area is a thriving hub of local commerce, with a mix of retail stores, restaurants, and other businesses. This presents a unique chance for businesses to establish themselves in a dynamic and well-connected community within Harris County. The property's size and layout offer flexibility for a variety of retail uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction CONCRETE BLOCKS
Total area 5,550 SF
Lot 0.41 ac (17,860 SF)
APN 342010000028
UPID US82-4368861

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store
  • Auto Parts Store
  • Electronics & Wireless Store Auto Parts Store

Location

4507 Spencer Hwy Pasadena, TX 77504-1216
Pasadena metro Census 323802 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2019
3 recorded transactions
2021
Price N/A
2019
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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