Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    4914 Spencer Hwy Pasadena, TX 77505

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4914 Spencer Hwy Pasadena, TX 77505

    View on Map
    • Commercial land
    For Sale
    $830,000
    View Listing →
    Prime Commercial Land For Sale For Sale
    $830,000
    1.11 Acres

    Prime Commercial Land For Sale

    1.113 acres with high traffic, ideal for development.

    4914 Spencer Hwy, Pasadena, TX 77505
    View Listing
    Property ID
    US82-1141761
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Psychic Readings by Audrey / Spiritual Center
    • BD Roofing & Contracting / Roofing Company / General Contractor
    • Psychic And Tarot Readings By Audrey / Spiritual Center
    • Oficina Navarro / Law Firm
    • Boris Professional Services / Landscaping / General Contractor

    Property Details for 4914 Spencer Hwy

    Property type
    Commercial land
    Property subtype
    Motels

    Description

    +/- 1.113 Acres (per Survey) Utilities Available, Detention Needed +/- 30,000+ CPD (Spencer Hwy) Great location for QSR, Restaurant, Retail, Office, Motel Great Multi-purpose Tract with many possible uses Great Rectangular Dimensions for development 161’ Frontage On Spencer Highway Close to Beltway 8 and Red Bluff No Zoning Price: Call Broker

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1682682
    Latitude
    29.66481

    Comparable in this City

    • Contact for pricing
      213,008 SF

      Pasadena Retail and Commercial Land

      Available retail and commercial land in Pasadena, Texas.
      Nwq Spencer Hwy & Red Blf Rd, Pasadena, TX 77505
      View Details
    • $170,000

      Commercial Lots on Red Bluff

      Three commercial lots totaling 21,000 sq ft on Red Bluff.
      5905 Red Bluff Rd, Pasadena, TX 77505
      View Details
    • $2,486,622

      Commercial Development Site in Pasadena

      Commercial development sites with high visibility and accessibility.
      6149 Spencer Hwy, Pasadena, TX 77505
      View Details
    • $830,000
      48,470 SF

      Prime Commercial Land on Spencer

      1.113 acre commercial land with high traffic frontage.
      4914 Spencer Hwy, Pasadena, TX 77505
      View Details
    • $2,486,622

      Commercial Development Site in Pasadena

      Commercial land for sale in a high-traffic retail corridor.
      6149 Spencer Hwy, Pasadena, TX 77505
      View Details
    • Contact for pricing

      Commercial Land at Lighted Intersection

      Located at lighted intersection, excellent for QSR or retail.
      Sec Of Genoa Red Blf & Spc Ctr Blvd, Houston, TX 77505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      213,008 SF

      Pasadena Retail and Commercial Land

      Available retail and commercial land in Pasadena, Texas.
      Nwq Spencer Hwy & Red Blf Rd, Pasadena, TX 77505
      View Details
    • $1,600,000

      Freestanding Building in Pasadena, Texas

      Freestanding building suitable for retail, medical, or office use.
      6015 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • $2,800,000
      20,250 SF

      Multi-Purpose Facility on High Traffic

      20,250 SF facility on 2.2 acres, ideal for redevelopment.
      7770 Spencer Hwy, Pasadena, TX 77505
      View Details
    • $170,000

      Commercial Lots on Red Bluff

      Three commercial lots totaling 21,000 sq ft on Red Bluff.
      5905 Red Bluff Rd, Pasadena, TX 77505
      View Details
    • $2,486,622

      Commercial Development Site in Pasadena

      Commercial development sites with high visibility and accessibility.
      6149 Spencer Hwy, Pasadena, TX 77505
      View Details
    • $1,100,000

      Cleared Land Near Sam Houston

      3.41 acres of cleared land ready for development.
      4242 Keith Rd, Pasadena, TX 77505
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Freestanding Building on Fairmont Parkway

      Freestanding building suitable for retail, medical, or office uses.
      6015 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • Contact for pricing

      Second Floor Space Available

      Second floor space available, requires outdoor staircase construction.
      6315 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • Contact for pricing

      Pasadena Retail and Office Spaces

      Retail and office spaces available in Pasadena, Texas.
      6005 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • $26 SF/Yr
      3,339 SF

      New Office Space Near Hospital

      Shell condition office space ideal for medical or professional use.
      4805 E Sam Houston Pkwy S, Pasadena, TX 77505
      View Details
    • Contact for pricing
      5,700 SF

      Pasadena Flex Space Available

      5,700 SF flex space available for lease in Pasadena.
      6110 Red Bluff Rd, Pasadena, TX 77505
      View Details
    • $24 SF/Yr
      1,811 SF

      Pasadena Office Space Available

      Office space available for lease in Pasadena, Texas.
      5040-5044 Crenshaw Rd, Pasadena, TX 77505
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4914 Spencer Hwy
    Pasadena, TX 77505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    4914 Spencer Hwy, Pasadena, TX, 77505

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!