Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    927 Fresa Rd Pasadena, TX 77502-5048

    • Day care centers
    • 2,296 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0967588
    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.

    Current Use by Public Records

    • Razzle Dazzle Kids Foundation / Corporate Office
    • Alpha Beginnings Child Care Learning Center / Daycare Center / Foster Care Service
    • A-Z Christian Academy / Daycare Center
    • Kid Lots / Discount Store

    Property Details for 927 Fresa Rd

    Year built
    1974
    Construction
    BRICK
    Lot size
    0.34 lot acres
    Property size
    2,296 SF
    Property type
    Day care centers
    APN
    780470000007
    APU
    780470000007

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.199
    Latitude
    29.6748
    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
    2022
    $3,197
    $112,500
    $235,830
    $348,330
    -
    $112,500
    $235,830
    $348,330

    Comparable in this City

    • Value Estimation by Request
      3,812 SF

      1801 Strawberry Rd

      DAY CARE, PRE-SCHOOL • 3,812 SF
      1801 Strawberry Rd, Pasadena, TX 77502-2609
      View Details
    • Value Estimation by Request
      5,464 SF

      1407 Blackburn Dr

      DAY CARE, PRE-SCHOOL • 5,464 SF
      1407 Blackburn Dr, Pasadena, TX 77502-5302
      View Details
    • Value Estimation by Request
      8,169 SF

      1502 Cherrybrook Ln

      DAY CARE, PRE-SCHOOL • 8,169 SF
      1502 Cherrybrook Ln, Pasadena, TX 77502-4049
      View Details
    • Value Estimation by Request
      3,640 SF

      2722 Pasadena Blvd

      DAY CARE, PRE-SCHOOL • 3,640 SF
      2722 Pasadena Blvd, Pasadena, TX 77502-3268
      View Details
    • Value Estimation by Request
      6,506 SF

      1401 Strawberry Rd

      DAY CARE, PRE-SCHOOL • 6,506 SF
      1401 Strawberry Rd, Pasadena, TX 77502-2602
      View Details
    • Value Estimation by Request
      5,469 SF

      2715 Perez Rd

      DAY CARE, PRE-SCHOOL • 5,469 SF
      2715 Perez Rd, Pasadena, TX 77502-4642
      View Details

    Similar Nearby for Sale

    • $645,000
      5,304 SF

      Spacious Pasadena Building For Sale

      5304 sqft building in Pasadena, TX, with endless possibilities.
      1407 Blackburn Dr, Pasadena, TX 77502
      View Details
    • Contact for pricing
      6,481 SF

      Pasadena Car Wash & Land

      6,481 SF Car Wash, Redevelopment Potential
      1855 Richey St, Pasadena, TX 77502
      View Details
    • $1,400,000
      12,130 SF

      Pasadena Industrial Property

      12,130 SF Flex Space, High Traffic Area
      1603 Shaver St, Pasadena, TX 77502
      View Details
    • $1,105,000
      3.34 Acres

      Pasadena Commercial Land - $1.1M

      3.34-acre prime development lot
      0 Pasadena Blvd, Pasadena, TX 77502
      View Details
    • $450,000
      0.43 Acres

      Pasadena Office Building - $450,000

      Prime Pasadena Commercial Property: High-Traffic Location.
      1017 Queens Rd, Pasadena, TX 77502
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,885 SF

      Retail Space in Pasadena Center

      Retail space in a high-traffic Pasadena neighborhood center.
      1353 Pasadena Blvd, Pasadena, TX 77502
      View Details
    • $18 SF/Yr
      14,160 SF

      Pasadena Retail Center Opportunity

      High-visibility retail space available.
      111 Southmore Ave, Pasadena, TX 77502
      View Details
    • $18 SF/Yr
      16,314 SF

      Prime Pasadena Retail Space

      Flexible Suites, High-Traffic Location
      2015 Richey St, Pasadena, TX 77502
      View Details
    • $24 SF/Yr
      7,383 SF

      Pasadena Retail Center Opportunity

      7,383 SF Retail Space Available
      2525 Southmore Ave, Pasadena, TX 77502
      View Details
    • $1,800 /Mo
      2,400 SF

      Retail/Office Spaces in Pasadena Oaks

      Retail and office spaces available in established Pasadena neighborhood.
      1431-1433 S Richey St, Pasadena, TX 77502
      View Details
    • $1.50 SF/Yr
      6,618 SF

      Retail/Office Space on Richey Street

      Retail and office spaces available in a high-traffic area.
      2015 Richey St, Pasadena, TX 77502
      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.
    927 Fresa Rd
    Pasadena, TX 77502-5048
    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

    Google sign-in failed. Please try again or use another login method.