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    Property profile & analytics

    5401 Spencer Hwy, Unit 2 Pasadena, TX 77505-1515

    • Warehouses
    • 4,650 SF
    • 4.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1497983
    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.

    Current Use by Public Records

    • Oficina / Construction Company
    • J E Merit Constructors Inc / Construction Company
    • imcon / Corporate Office

    Property Details for 5401 Spencer Hwy

    Year built
    1978
    Construction
    METAL FRAME
    Lot size
    4.18 lot acres
    Property size
    4,650 SF
    Property type
    Warehouses
    APN
    612060610001
    APU
    612060610001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.158
    Latitude
    29.6665
    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
    2020
    $15,443
    $1,092,486
    $551,193
    $1,643,679
    -
    $1,092,486
    $551,193
    $1,643,679

    Comparable in this City

    • Value Estimation
      $1,885,000
      56,400 SF

      3320 Sam Houston S Pkwy

      MINI-WAREHOUSE, STORAGE • 56,400 SF
      3320 Sam Houston S Pkwy, Pasadena, TX 77505-2328
      View Details
    • Value Estimation by Request
      3,750 SF

      6060 Red Blf Rd

      WAREHOUSE, STORAGE • 3,750 SF
      6060 Red Blf Rd, Pasadena, TX 77505-3602
      View Details
    • Value Estimation
      $750,000
      18,924 SF

      5350 Bay Oaks Dr

      WAREHOUSE, STORAGE • 18,924 SF
      5350 Bay Oaks Dr, Pasadena, TX 77505-3964
      View Details
    • Value Estimation by Request
      5,072 SF

      5817 Spencer Hwy

      WAREHOUSE, STORAGE • 5,072 SF
      5817 Spencer Hwy, Pasadena, TX 77505-2303
      View Details
    • Value Estimation by Request
      5,956 SF

      5329 Spencer Hwy

      WAREHOUSE, STORAGE • 5,956 SF
      5329 Spencer Hwy, Pasadena, TX 77505-1513
      View Details
    • Value Estimation by Request
      1,466 SF

      6105 Spencer Hwy

      WAREHOUSE, STORAGE • 1,466 SF
      6105 Spencer Hwy, Pasadena, TX 77505-1605
      View Details

    Similar Nearby for Sale

    • $1,900,000
      19,120 SF

      Pasadena Industrial Property For Sale

      19,120 SF industrial property on 2 acres in Pasadena, TX.
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      31,250 SF

      Pasadena Warehouse with Truck Court

      31,250 SF warehouse featuring a 140' truck court.
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    • $2,900,000
      19,936 SF

      Pasadena Warehouse with Showroom/Office

      19,936 SF building on 2.337 acres with highway frontage.
      5213 Spencer Hwy, Pasadena, TX 77505
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    • $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
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    • $830,000

      Pasadena Land: Prime Commercial Tract

      1.11 Acres, High Traffic, Multi-Use Potential
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    • $2,486,622

      Commercial Development Site on Spencer Highway

      2.33-acre commercial development site with high traffic volume.
      6149 Spencer Hwy, Pasadena, TX 77505
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,397 SF

      Fairmont Parkway Office Space

      1800 sq ft Office Suite in Pasadena, TX
      6315 Fairmont Pkwy, Pasadena, TX 77505
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      Pasadena Warehouse with Office Space

      374,297 SF warehouse with office space for lease.
      8920 Red Bluff Rd, Pasadena, TX 77505
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    • $26 SF/Yr
      3,339 SF

      New Office Space Near Hospital

      Shell condition office space ideal for medical or professional use.
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    • $15 SF/Yr
      8,624 SF

      Spencer Highway Retail Center

      High-traffic retail space, 5 suites available
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    • Contact for pricing
      1,160 SF

      Class A Office Building

      Two-story office building with freeway access and high visibility.
      4500 E Sam Houston Pkwy S, Pasadena, TX 77505
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    • Contact for pricing
      1,230 SF

      Retail Space in Established Center

      Retail space in a prominent location with high traffic.
      4979 Fairmont Pkwy, Pasadena, TX 77505
      View Details
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    Pasadena, TX 77505-1515
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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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