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2123 Southmore Ave 7,636 SF 66% Leased Retail Building Pasadena, TX 77502 $990,000 ($129.65/SF) 9.50% Cap Rate
Investment Highlights
- Havey daytime traffic.
Executive Summary
Unit A leased out for 3 years.
Watermill Express pays a monthly rate of $650/M for 2 years lease then $750/M for another 5 years.
Food truck pays $260/Mo - monthly based lease.
Watermill Express pays a monthly rate of $650/M for 2 years lease then $750/M for another 5 years.
Food truck pays $260/Mo - monthly based lease.
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
7,636 SF
Year Built/Renovated
1972/1997
Price
$990,000
Price Per SF
$129.65
Cap Rate
9.50%
NOI
$94,050
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.58 AC
Zoning
Retail - Retail
Parking
30 Spaces (3.93 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 110
- 2,602 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 110 | 2,602 SF | Retail | In-Line | Now |
110
| Size |
| 2,602 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0321070200028 | Improvements Assessment | $494,907 |
| Land Assessment | $252,000 | Total Assessment | $746,907 |
Property Taxes
Parcel Number
0321070200028
Land Assessment
$252,000
Improvements Assessment
$494,907
Total Assessment
$746,907
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2123 Southmore Ave
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