5000 Fairmont PkwyPasadena, TX 77505

Property Details for 5000 Fairmont Pkwy

Year built

2018

Construction

BRICK

Lot size

0.67 AC

Property size (Sq ft)

2,794 SF

Property type

Drive through restaurants

APN

341990000385

APU

341990000385

Description

This exceptional freestanding restaurant building, totaling 2,150 square feet, presents a fantastic lease opportunity in the thriving Pasadena, Texas market. The property boasts a highly desirable drive-thru, a key feature for quick-service restaurants (QSRs) and fast-food establishments. Situated on a sizable 0.668-acre lot (29,087 square feet), this single-tenant building offers ample space for both indoor dining and operational needs. Its strategic location at the hard corner of Fairmont Parkway and Lily Street provides exceptional visibility and accessibility. The property benefits from its proximity to major retail anchors, including Lowe's, Walmart, and Planet Fitness, ensuring high traffic volume and a strong customer base. This location offers significant potential for a variety of QSR concepts seeking a well-established and convenient location in a densely populated area. The property is classified as Restaurant and Retail, specifically targeting QSR and Fast Food businesses. The building's size and features make it an ideal space for a thriving food service operation. This is a rare opportunity to secure a prime location in a high-demand area. Don't miss out on this chance to establish your business in a vibrant and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $676,948

  6.5%

  $624,875

  7%

  $580,241

• Comparable approach

  Method

  Valuation

  Relative Method

  $429,498

  Geo Method

  $869,956

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,243,270

  Mixed-Use / Specialty

  $612,664

  Hospitality / Lodging

  $436,494

  Office

  $598,626

  Institutional / Educational

  $633,356

  Residential Income

  $741,026

  Multifamily

  $944,093

  Automotive / Energy

  $542,876

  Parking / Income-Based Land

  $197,203

  Restaurant / Food Service

  $297,345

  Healthcare / Senior Housing

  $638,513

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.6492

Longitude

-95.1671

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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