4416 Fairmont PkwyPasadena, TX 77504

Property Details for 4416 Fairmont Pkwy

Year built

1982

Construction

CONCRETE BLOCKS

Lot size

1.44 AC

Property size (Sq ft)

12,518 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

461650000007

APU

461650000007

Description

This Pasadena, Texas retail and office property, located at 4416 Fairmont Pkwy, 77504, offers 15,103 square feet of space in a multi-tenant building within Harris County. Currently, 6,613 square feet is vacant, divisible into units ranging from 1,956 to 4,657 contiguous square feet. The property is ideally suited for medical offices, bars, retail stores, or other multi-service operations. Its location on Fairmont Parkway provides excellent visibility and accessibility, benefiting from high drive-by traffic. The surrounding area boasts numerous dining, shopping, and entertainment options, including nearby Fairmont Plaza Shopping Center and Strawberry Park, creating a vibrant and convenient environment for businesses and customers. The property's two suites offer a flexible layout adaptable to various business needs. This prime location in Pasadena presents a compelling opportunity for businesses seeking a thriving commercial environment. The property is categorized as Retail, Office, and Restaurant, with a subtype of Medical Office, bar, medical clinic, and retail store.

• CAP approach

  CAP return

  Valuation

  6%

  $3,768,650

  6.5%

  $3,478,754

  7%

  $3,230,271

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,662,697

  Geo Method

  $9,444,365

• Alternative Use

  Use

  Valuation

  Residential

  $2,934,459

  Hospitality

  $2,687,948

  Educational

  $2,236,342

  Medical

  $2,313,253

  Retail

  $3,478,754

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.6492

Longitude

-95.1762

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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