3033 Bayshore BlvdPasadena, TX 77504

Property Details for 3033 Bayshore Blvd

Year built

1966

Construction

BRICK

Lot size

0.45 AC

Property size (Sq ft)

3,450 SF

Property type

Office buildings

APN

660470030013

APU

660470030013

Description

This exceptional 6,584-square-foot free-standing office building, located at 3033 Bayshore Boulevard in Pasadena, Texas, presents a unique investment opportunity. Situated on a 0.45-acre lot and conveniently located off Spencer Highway, this Class B property offers unparalleled accessibility to shops, restaurants, schools, and medical centers. Built in 1966 and extensively renovated in 2022, the single-story building boasts ample parking with 44 spaces. The entire 6,584 square feet is currently vacant, providing a blank canvas for a variety of uses. Ideal for a single tenant seeking a substantial space, the property's versatile layout is well-suited for coworking spaces, podcast studios, professional offices, medical practices, law firms, beauty and skincare businesses, or financial institutions. Its prime location and recent renovations make this property an attractive proposition for discerning investors seeking a high-return asset in a thriving Texas market. The property's zip code is 77504.

• CAP approach

  CAP return

  Valuation

  6%

  $800,774

  6.5%

  $739,176

  7%

  $686,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $509,942

  Geo Method

  $1,032,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,535,180

  Retail / Commercial

  $771,589

  Mixed-Use / Specialty

  $756,511

  Hospitality / Lodging

  $538,978

  Institutional / Educational

  $782,060

  Residential Income

  $915,011

  Multifamily

  $1,165,760

  Automotive / Energy

  $670,337

  Parking / Income-Based Land

  $243,505

  Restaurant / Food Service

  $367,158

  Healthcare / Senior Housing

  $788,429

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.6663

Longitude

-95.1835

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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