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Property profile & analytics
FOR LEASE
Office buildings

722 Fairmont Pkwy Pasadena, TX 77504

8,120 SF 0.63 ac lot Built 1989
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2061628
Property summary
AI-generated overview

This Pasadena, Texas property, located at 722 Fairmont Pkwy, zip code 77504, offers a diverse range of commercial spaces ideal for various business needs. The property comprises a two-story professional building facing Fairmont Parkway and a separate metal building situated at the rear. The total building area encompasses 18,098 square feet, spread across two stories. Multiple tenancy is available, with a minimum divisible space of 2,064 square feet and a maximum contiguous space of 2,600 square feet. Currently, 6,864 square feet of space is vacant and ready for immediate occupancy. The property's versatile design allows for a variety of uses, including office, medical, professional services, manufacturing, distribution, and light industrial applications. The site is partially security fenced and enjoys a convenient location between I-45 and Beltway 8, offering excellent accessibility. The metal building is adaptable and can be configured to suit flex office/warehouse requirements. This multi-building property presents a unique opportunity for businesses seeking flexible and strategically located commercial space in Pasadena, Texas.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction BRICK
Total area 8,120 SF
Lot 0.63 ac (27,225 SF)
APN 640240000228
UPID US82-2061628
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
  • Burke Family Pharmacy Pharmacy
  • Keystone Administration Inc. Business Administration Service Marketing Agency
  • Angels Medical Medical Clinic
  • BES Group & Associates/Solutions Plus - Pasadena Medical Clinic
  • Positive Recovery Centers - Pasadena Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rmc Associates INC · 8 yrs held
Rmc Associates INC
since 2018
4 recorded transactions
2020
Price N/A
2018
Price N/A
2014
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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