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Property profile & analytics
FOR SALE
Warehouses
7770 Spencer Hwy Pasadena, TX 77505
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US83-4081332
For Sale
1 / 2
$2,800,000
7770 Spencer Hwy, Pasadena, TX 77505
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
METAL FRAME
Total area
16,000 SF
Lot
2.21 ac (96,198 SF)
APN
1188020010001
UPID
US83-4081332
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
-
Aspire Book Writing Publishing House
-
Bushi Ban Martial Arts & Fitness - Pasadena Training Center Sports School
-
Combative Games League Association / Organization
-
Light airduct Home Care Big Box & Wholesale Store
-
Affiliate – Martial Arts Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$715k
Owner & transaction history
Bando I Ltd · 16 yrs held
Bando I Ltd
since 2009
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+33.7%
Apartment house (5+ units)
$1.1M
+21.0%
Office building
$935,000
+4.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$890,000
Current use
MEDICAL BUILDING
$1,190,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,080,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$935,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$815,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$46,446
Tax year 2023
Assessed value
$2,091,659
Assessed 2024
Previous assessed
$2,091,659
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$962,000
Assessed improvement
$1,129,659
Land market value
$962,000
Improvement market value
$1,129,659
Total market value
$2,091,659
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1996
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
16,000 SF
Lot
2.21 ac (96,198 SF)
APN
1188020010001
UPID
US83-4081332
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$890,000
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$935,000
RETAIL STORES
Est. value
$815,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Bando I Ltd
Individual
Mailing address
7770 SPENCER HWY, PASADENA, TX 77505-1932
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2009
—
Bando I Ltd
Bushi Ban International LLC
Warranty Deed
$1,296,000 · Texas Citizens Bank NA
Apr 12, 2004
—
Bushi Ban International LLC
Stargate Entertainment INC Est
Grant Deed
$725,000 · Business Loan Center INC
—
—
Bando 1 Ltd
—
Deed Of Trust
related
$1,103,531 · Bank Of America NA
—
—
Bushi Ban International LLC
—
Deed Of Trust
related
$800,000 · Wachovia Bank NA
—
—
Bushi Ban International LLC
—
Deed Of Trust
related
$140,000 · Wachovia Bank NA
—
—
Syued Z Ahmed
—
Deed Of Trust
related
$725,000 · Business Loan Center INC
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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