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Property profile & analytics
OFF-MARKET
Retail space

4507 Spencer Hwy Pasadena, TX 77504-1216

5,550 SF 0.41 ac lot Built 1974
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US82-4368861
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Houston Horsepower Components Auto Parts Store
  • plainANsimple Auto Parts Store
  • Sound Lab Designs Electronics & Wireless Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Logun LLC · 7 yrs held
Logun LLC
since 2019
3 recorded transactions
2021
Price N/A
2019
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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