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

    6005 Fairmont Pkwy Pasadena, TX 77505-4098

    • Strip malls
    • 21,130 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2391239
    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

    • Tan Resort / Tanning Salon
    • Happy Nails & Day Spa / Nail Salon
    • Smilz & Stylz / Hair Salon
    • Only About the Dress / Screen Printer
    • AE Concrete Contractors / Concrete Contractor

    Property Details for 6005 Fairmont Pkwy

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.44 lot acres
    Property size
    21,130 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    341990040002
    APU
    341990040002

    Description

    This exceptional 400-square-foot coworking office space in Pasadena, Texas, is perfectly suited for a variety of professional businesses. Located at 6005 Fairmont Parkway, near the intersection of Fairmont Parkway and Beltway 8, this single-tenant space offers unparalleled convenience and accessibility. The space is currently available for lease and boasts a complete build-out, including two private offices (approximately 200 sq ft each), a conference room, a fully equipped kitchen, and private restrooms. Leasing options include one or both offices to accommodate varying business needs. The property features modern amenities such as central air and heating, Wi-Fi connectivity, a security system with CCTV monitoring, drop ceilings, automatic blinds, and after-hours HVAC availability. The corner location provides excellent natural light. Furthermore, all utilities, building services, and property expenses are included in the lease rate, making this a truly plug-and-play solution. This fully furnished office space is ready for immediate occupancy and represents a fantastic opportunity for professionals seeking a prime location in Harris County, Texas, with zip code 77505. Emergency lighting is also included.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.148
    Latitude
    29.6512
    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
    2022
    $30,022
    $626,390
    $2,025,047
    $2,651,437
    -
    $626,390
    $2,025,047
    $2,651,437

    Comparable in this City

    • Value Estimation
      $1,905,000
      88,495 SF

      4539 Sam Houston S Pkwy

      SHOPPING CENTER, STRIP CENTER • 88,495 SF
      4539 Sam Houston S Pkwy, Pasadena, TX 77505-3953
      View Details
    • Value Estimation by Request
      22,218 SF

      4950 Spencer Hwy

      SHOPPING CENTER, STRIP CENTER • 22,218 SF
      4950 Spencer Hwy, Pasadena, TX 77505-1500
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    • Value Estimation
      $540,000
      22,497 SF

      7219 Fairmont Pkwy

      SHOPPING CENTER, STRIP CENTER • 22,497 SF
      7219 Fairmont Pkwy, Pasadena, TX 77505-4610
      View Details
    • Value Estimation
      $635,000
      22,800 SF

      5803 Fairmont Pkwy

      SHOPPING CENTER, STRIP CENTER • 22,800 SF
      5803 Fairmont Pkwy, Pasadena, TX 77505-3907
      View Details
    • Value Estimation
      $550,000
      30,600 SF

      7730 Spencer Hwy

      SHOPPING CENTER, STRIP CENTER • 30,600 SF
      7730 Spencer Hwy, Pasadena, TX 77505-1928
      View Details
    • Value Estimation
      $935,000
      105,488 SF

      4940 Fairmont Pkwy

      SHOPPING CENTER, STRIP CENTER • 105,488 SF
      4940 Fairmont Pkwy, Pasadena, TX 77505-3700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Prime Pasadena Pad Site - 1.9 Acres

      High-traffic retail development opportunity.
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    • $2,900,000
      20,250 SF

      Multi-Purpose Facility on High Traffic

      20,250 SF facility on 2.2 acres, ideal for redevelopment.
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      4.89 Acres

      Prime Pasadena Retail Center

      High-traffic retail property, 213,008 SF
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      Prime Pasadena Medical Office Building

      Texas medical office, 11,664 SF, $912,158
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    Similar Nearby for Lease

    • $28 SF/Yr
      8,400 SF

      Fairmont Parkway Retail Space

      High-traffic shopping center; space available
      5932 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • Contact for pricing
      410,071 SF

      Fairway Plaza Retail Space Available

      Pasadena, TX Shopping Center Opportunity
      0 Fairmont Pkwy. & Sam Houston Pkwy, Pasadena, TX 77505
      View Details
    • $15 SF/Yr
      8,624 SF

      Spencer Highway Retail Center

      High-traffic retail space, 5 suites available
      6868 Spencer Hwy, Pasadena, TX 77505
      View Details
    • $12 SF/Yr
      4,397 SF

      Fairmont Parkway Office Space

      1800 sq ft Office Suite in Pasadena, TX
      6315 Fairmont Pkwy, Pasadena, TX 77505
      View Details
    • 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
    • $13 SF/Yr
      21,600 SF

      Spencer Strip Center: Retail Opportunity

      Prime Retail Space, Multiple Suites Available
      6500 Spencer Hwy, Pasadena, TX 77505
      View Details
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    Pasadena, TX 77505-4098
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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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