Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    640 Preston Ave Pasadena, TX 77503-1221
    Back to Search
    Property profile & analytics

    640 Preston Ave, Pasadena, TX 77503-1221

    View on Map
    • Retail space
    • 7,608 SF
    • 0.77 lot acres
    Off-Market
    Property ID
    US82-2704257
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ministerio Una Luz En El Desierto Inc. / Church

    Property Details for 640 Preston Ave

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    0.77 lot acres
    Property type
    Retail space
    APN
    402180030043
    APU
    402180030043

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2020 — Adk Group LLC — Deed · related $105k · Artie Truong
    Jun 1, 2017 — Adk Group LLC — Deed · related $212k · Dieu T Nguyen
    — — Adk Group LLC — Deed Of Trust · related $105k · Artie Truong
    — — Adk Group LLC — Loan Modification · related $212k · Dieu T Nguyen

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1716
    Latitude
    29.7015
    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
    $10,502
    $269,792
    $435,063
    $704,855
    -
    $269,792
    $435,063
    $704,855

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      2707 Preston Ave

      RETAIL STORES (PERSONAL SERVICES)
      2707 Preston Ave, Pasadena, TX 77503-3819
      View Details
    • Value Estimation by Request
      5,333 SF

      1609 Preston Ave

      RETAIL STORES (PERSONAL SERVICES)
      1609 Preston Ave, Pasadena, TX 77503-2914
      View Details
    • Value Estimation by Request
      4,137 SF

      3333 Red Blf Rd

      RETAIL STORES (PERSONAL SERVICES)
      3333 Red Blf Rd, Pasadena, TX 77503-2632
      View Details
    • Value Estimation
      $560,000
      10,520 SF

      2840 Sam Houston S Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      2840 Sam Houston S Pkwy, Pasadena, TX 77503-4016
      View Details
    • Value Estimation
      $575,000
      4,928 SF

      1107 Preston Ave

      RETAIL STORES (PERSONAL SERVICES)
      1107 Preston Ave, Pasadena, TX 77503-2601
      View Details
    • Value Estimation by Request
      4,700 SF

      3327 Red Blf Rd

      RETAIL STORES (PERSONAL SERVICES)
      3327 Red Blf Rd, Pasadena, TX 77503-2646
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Unrestricted Land with Beltway Access

      1.415 acre unrestricted lot suitable for commercial or residential use.
      2710 Oleander Dr, Pasadena, TX 77503
      View Details
    • Contact for pricing

      Undeveloped Land on Red Bluff

      2.53 acres of unimproved land with high visibility.
      Red Bluff Rd, Pasadena, TX 77503
      View Details
    • Contact for pricing

      Unrestricted Land with Beltway Frontage

      Unrestricted land with frontage on Beltway 8 and Morning Glory.
      2703 Morning Glory Dr, Pasadena, TX 77503
      View Details
    • Contact for pricing
      3 SF

      Pasadena Land for Sale

      3.179 acres across two blocks in Pasadena, Texas.
      322 Preston Ave, Pasadena, TX 77503
      View Details
    • Contact for pricing

      Industrial Land with Rail Access

      15.08 acres of industrial land with rail access.
      614 Ethyl Rd, Pasadena, TX 77503
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Deer Park

      Retail space available for lease in Deer Park, Texas.
      4307 Red Bluff Rd, Deer Park, TX 77503
      View Details
    • Contact for pricing

      Renovated Retail Space Available

      Retail space in white box condition, available February 2025.
      4203 Red Bluff Rd, Pasadena, TX 77503
      View Details
    • Contact for pricing

      Former Furniture Showroom Space

      Showroom space available for lease.
      4200 Pasadena Blvd, Pasadena, TX 77503
      View Details
    • Contact for pricing
      9,100 SF

      Pasadena Warehouse with Secured Yard

      Secured warehouse with paved yard, quick highway access.
      2950-2956 Preston Rd, Pasadena, TX 77503
      View Details
    • Contact for pricing

      Pasadena Industrial Spaces Available

      Industrial spaces available for rent in Pasadena, Texas.
      3386 Red Bluff Rd, Pasadena, TX 77503
      View Details
    • Contact for pricing

      Pasadena Industrial Property For Rent

      Industrial property available for lease in Pasadena, Texas.
      218 North Preston Ave, Pasadena, TX 77503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    640 Preston Ave
    Pasadena, TX 77503-1221
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    640 Preston Ave, Pasadena, TX, 77503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!