927 Fresa Rd, Pasadena, TX 77502-5048
This vacant, 3,648-square-foot retail building in Pasadena, Texas, presents a compelling owner-user or value-add investment opportunity. Located on a spacious 15,000-square-foot lot at 927 Fresa Rd, 77502, the property features a single-story building with six parking spaces. The asking price is $290,000, translating to $79.50 per square foot. The building is currently vacant and ready for immediate occupancy, offering significant upside potential. The interior includes a 195-square-foot kitchen, a 350-square-foot common area, and two bathrooms, each with three stalls. Flexible space allows for various uses, including daycare, retail, educational, office, or medical. The property boasts a working pylon sign and ample backyard space. With minimal tenant improvements needed, the property is market-ready for leasing. Substantial rentable spaces range from 238 to 800 square feet. After upgrades, the property's after repair value (ARV) is estimated at $580,000. Utilities are metered separately for electricity, gas, and water. The large lot offers ample room for future expansion and additional parking. This property is a turnkey solution for an investor seeking a strong return on investment in a high-demand market. The lease options are NNN.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.