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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Outlet malls
5400 Fairmont Pkwy Pasadena, TX 77505-3806
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0369823
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1993
Construction
CONCRETE BLOCKS
Total area
170,231 SF
Lot
11.79 ac (513,572 SF)
APN
341990000372
UPID
US82-0369823
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
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
-
Primo Water Exchange Big Box & Wholesale Store
-
Lowe's Garden Center Garden Center
-
Lowe's Rental Rental Equipment Company
-
Lowe's ProServices Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.84M
Owner & transaction history
Pasadena Texas LLC · 11 yrs held
Pasadena Texas LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$109,463
Tax year 2022
Assessed value
$9,295,832
Assessed 2024
Previous assessed
$9,629,019
-3.5% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,645,670
Assessed improvement
$4,650,162
Land market value
$4,645,670
Improvement market value
$4,650,162
Total market value
$9,295,832
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1993
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
170,231 SF
Lot
11.79 ac (513,572 SF)
APN
341990000372
UPID
US82-0369823
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1993
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
11.79 ac
Current owner
From public records · entity-resolved
Pasadena Texas LLC
Entity
Free & Clear · 11 yrs held
Mailing address
329 S CAMDEN DR, BEVERLY HILLS, CA 90212-4202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2020
—
K Realty Two Associates Ltd
—
Deed
related
$6,000,000 · Priority Invtr Lns
Feb 10, 2020
—
K Realty Two Associates Ltd
—
Deed
related
$600,000 · Priority Invtr Lns
Dec 27, 2018
—
K Realty Two Associates Ltd
—
Deed
related
$600,000 · Priority Invtr Lns
Dec 4, 2018
—
K Realty Two Associates Ltd
—
Trustees Deed
related
$108,000 · Slam Holdings LLC
Feb 23, 2015
—
Pasadena Texas LLC
Yates Family Ptshp LP
Grant Deed
related
—
May 15, 1998
—
Pasadena Square Ltd
K Realty Two Associates Ltd
Grant Deed
$7,733,333 · Pw Real Estate Investments INC
—
—
K Realty Two Associates Ltd
—
Deed Of Trust
related
$600,000 · Priority Invtr Lns
—
—
K Realty Two Associates Ltd
—
Loan Modification
related
$6,000,000 · Priority Invtr Lns
—
—
K Realty Two Associates Ltd
—
Loan Modification
related
$600,000 · Priority Invtr Lns
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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