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Property profile & analytics
OFF-MARKET Estimated value $655,000
Grocery and convenience stores

6500 Spencer Hwy Pasadena, TX 77505-1711

14,000 SF 2.98 ac lot Built 2011
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-6570129
Property summary
AI-generated overview

The Spencer Strip Center offers a fantastic retail investment opportunity in a high-traffic location. This single-story, 21,600 square foot building, constructed in 2011, sits on a 1.5-acre lot and features two suites, with 5,700 square feet currently vacant. The minimum divisible space is 1,200 square feet, while the maximum contiguous space available is 3,500 square feet. The property boasts ample parking, with a ratio of 5 spaces per 1000 square feet. Its strategic location benefits from its proximity to a popular La Michoacana meat market and an apartment complex across the street, ensuring high visibility and foot traffic. The center is zoned commercial and features a large pylon sign for excellent branding opportunities. The low triple net (NNN) expenses make this a particularly attractive investment. This property is ideal for a variety of retail uses, including, but not limited to, dental clinics, offices, and hair salons, as indicated by its previous tenants. The existing infrastructure and convenient location provide a strong foundation for immediate occupancy and potential for significant return on investment. Don't miss this chance to secure a prime retail space in a thriving commercial area.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2011
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,000 SF
Lot 2.98 ac (129,939 SF)
APN 211580010001
UPID US82-6570129
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
  • La Michoacana Meat Market Take-out & Catering Butcher
  • Barri Booth Bank Credit Union
  • Clinica Hispana Buena Vida Medical Clinic
  • Farmacia Central Rx Pharmacy
  • Vigo Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$812k
Blend (final) Blend
$655k
Owner & transaction history
Sureste Properties LLC · 14 yrs held
Sureste Properties LLC
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.0M +45.8%
Apartment house (5+ units) $945,000 +32.0%
Office building $815,000 +14.2%
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