This exceptional retail opportunity is located at the highly visible Northwest corner of Fairmont Parkway and Red Bluff Road in Pasadena, Texas, zip code 77505. The property, situated at 7333 Fairmont Pkwy, comprises a 10,100 square foot building on a 3.6-acre lot. Currently, the entire 10,100 square feet is available for lease, offering a unique chance for a single tenant to occupy the entire space or for multiple tenants to occupy a minimum of 8,500 square feet. The property's diverse zoning allows for a variety of uses, including shopping center, restaurant, medical, and general retail establishments. Its prime location at a major intersection ensures high visibility and accessibility, making it ideal for businesses seeking significant foot traffic and convenient access for customers. The property's annual taxes are $4.35 per square foot. This is a rare opportunity to secure a substantial retail presence in a thriving Pasadena, Texas market. The property's size and location offer significant potential for growth and success. Contact us today to learn more about this exceptional retail space.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,265,766
6.5%
$2,091,476
7%
$1,942,085
Comparable approach
Method
Valuation
Relative Method
$2,803,280
Geo Method
$5,678,087
Alternative Use
Use
Valuation
Residential
$1,764,238
Hospitality
$1,616,033
Educational
$1,344,520
Medical
$1,390,760
Retail
$2,091,476
Location Insight
City
Pasadena
County
Harris
State
Texas
Latitude
29.6512
Longitude
-95.1248
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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