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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Community centers
5932 Fairmont Pkwy Pasadena, TX 77505-4020
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1828784
Property summary
AI-generated overview
This exceptional retail opportunity presents two Class A buildings for lease within the high-volume Fairmont Parkway Shopping Center in Harris County. Boasting over 1.4 million annual visits (Placer.ai data), this location offers unparalleled exposure. One building features approximately 2,450 square feet of available space at 5968 Fairmont Pkwy. The other building, located at 5932 Fairmont Pkwy, offers up to 8,400 square feet, currently occupied by Pei Wei but soon to become available. Please note that disturbing current tenants is prohibited. This prime retail space is ideal for businesses seeking high visibility and strong foot traffic. The property benefits from available pylon signage, ensuring maximum brand recognition. The location is situated at a dominant retail intersection within the trade area's sequence of establishments. The property is categorized as a multi-tenant shopping center. Interested parties should inquire about lease terms and availability. Currently, one space is available for lease.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1992
Construction
CONCRETE BLOCKS
Total area
143,743 SF
Lot
21.87 ac (952,753 SF)
APN
341990000358
UPID
US82-1828784
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
-
Sears Appliance Repair Home Appliance Store
-
Pei Wei Asian Kitchen Restaurant
-
Puppyland Pasadena (Bike/Boat/Book/etc) Store Pet 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
$1.70M
Owner & transaction history
A-s 82 Fairmont Parkway Beltwa · 20 yrs held
A-s 82 Fairmont Parkway Beltwa
since 2005
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
$12 / 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
$215,577
Tax year 2022
Assessed value
$18,924,800
Assessed 2024
Previous assessed
$18,963,503
-0.2% YoY
Effective rate
1.14%
On assessed value
Assessed land
$8,065,030
Assessed improvement
$10,859,770
Land market value
$8,065,030
Improvement market value
$10,859,770
Total market value
$18,924,800
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1992
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
143,743 SF
Lot
21.87 ac (952,753 SF)
APN
341990000358
UPID
US82-1828784
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
1992
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
21.87 ac
Current owner
From public records · entity-resolved
A-s 82 Fairmont Parkway Beltwa
Individual
Mailing address
1990 NE 163RD ST STE #209, NORTH MIAMI BEACH, FL 33162-4854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2014
—
A-s 82 Fairmont Parkway-belt 8
—
Loan Modification
related
$6,986,377 · Regions Bk
Jan 3, 2007
—
Fec Pasadena
—
Trustees Deed
related
$2,898,000 · Sterling Bank
Aug 30, 2005
—
A-s 82 Fairmont Parkway Beltwa
Wal-mart Realty
Grant Deed
$5,080,000 · Regions Bk/fayette
—
—
Bubbles Express Fairmont Parkw
—
Deed Of Trust
related
$1,500,000 · Icap Realty Advisors Of Texas
—
—
A-s 82 Fairmont Parkway Beltwa
—
Deed Of Trust
related
$5,080,000 · Regions Bank
—
—
A-s 82 Fairmont Parkway-belt 8
—
Loan Modification
related
$4,328,282 · Regions Bk
—
—
82 Fairmont Parkway-bel A-s
—
Deed Of Trust
related
$7,567,092 · Regions Bank
—
—
82 Fairmont Parkway-bel A-s
—
Deed Of Trust
related
$4,687,367 · Regions Bank
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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