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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Flex space
5519 Bay Oaks Dr Pasadena, TX 77505-3960
Entity Owned
8-yr Hold
Free & Clear
Property ID
US83-1039198
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2016
Construction
METAL FRAME
Total area
27,200 SF
Lot
3.39 ac (147,647 SF)
APN
1257860040001
UPID
US83-1039198
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
-
Prostar Manufacturing, Inc. Industrial Manufacturer Production Facility
-
Prostar manufacturer’s Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$964k
Blend (final)
Blend
$995k
Owner & transaction history
Prostar Manufacturing INC · 8 yrs held
Prostar Manufacturing INC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+83.0%
Warehouse, storage
$1.5M
+74.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$865,000
Current use
OFFICE BUILDING
$1,585,000
Change: +83% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,515,000
Change: +75% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$37 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$55,424
Tax year 2023
Assessed value
$4,420,979
Assessed 2024
Previous assessed
$4,420,979
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$738,235
Assessed improvement
$3,682,744
Land market value
$738,235
Improvement market value
$3,682,744
Total market value
$4,420,979
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2016
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Total area
27,200 SF
Lot
3.39 ac (147,647 SF)
APN
1257860040001
UPID
US83-1039198
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$865,000
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
3
Lot
3.39 ac
Current owner
From public records · entity-resolved
Prostar Manufacturing INC
Entity
Free & Clear · 8 yrs held
Mailing address
5519 BAY OAKS DR, PASADENA, TX 77505-3960
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2020
—
Prostar Manufacturing INC
—
Deed
related
$4,000,000 · Third Coast Bk Ssb
Aug 16, 2017
—
Prostar Manufacturing INC
Vigavi Realty LLC
Grant Deed
related
—
Jun 6, 2016
—
Prostar Manufacturing INC
Kiran,kevin
Warranty Deed
$2,537,500 · Wells Fargo Bk
—
—
Prostar Manufacturing INC
—
Deed Of Trust
related
$4,000,000 · Third Coast Bk Ssb
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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