18
Map
$315,000
●
Land -
For Sale
1811 Shaver Street
Pasadena, TX 77502
Studio
0 Bath
$1,816
Est. Monthly
About This Property
Unrestricted Commercial Land with high visibility and signage, 200
liner Feet frontage on Shaver Street and 120 feet deep. 24000 SqFt
per the Seller's Existing Survey, this is a Prime location to built
Strip Center, Warehouse, Restaurant or any commercial or
residential developments. There is an existing concrete and asphalt
pavements giving so much parking spaces and the whole property is
Fenced with having two Sliding Gates for the Entrance and Exit
Gates. This property is currently leased as a logistic company as a
storage and parking facility for $2500 a month until June, 30th,
2027. Great investment property to buy to hold and develop later.
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$268
HOA Dues
-
Year Built
1960
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 months ago (HAR #81301056)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2026 | Listed by HomeSmart | $315,000 | |
| Listed by HomeSmart | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Aug 14, 2024 | No longer available | - | |
| No longer available | |||
| Aug 13, 2024 | Listed by HomeSmart | $315,000 | |
| Listed by HomeSmart | |||
| | |||
|
Investment Property with $2500 Monthly Rent Income until June, 30th, 2027. This Unrestricted Commercial Land has lots of potentials with high visibility and signage and having 200' front on Shaver Street and 120' deep, having so much concrete and asphalt parking lot with two ingress and egress , with all 4 side fences around (survey of the property is available), This location has a lot of daily traffic counts and lots of vendors and businesses all around good location for a small strip center or to develop flex commercial buildings while the monthly income of $2300 is also in place.
| |||
| Mar 4, 2023 | Listed by HomeSmart | $340,000 | |
| Listed by HomeSmart | |||
| | |||
|
Investment Property with $2300 Gross Monthly Rent Income until June, 30th, 2025. This Unrestricted Commercial Land has lots of potentials with high visibility and signage and having 200' front on Shaver Street and 120' deep, having so much concrete and asphalt parking lot with two ingress and outgress, with all 4 side fences around (survey of the property is available), This location has a lot of daily traffic counts and lots of vendors and businesses all around good location for a small strip center or to develop flex commercial buildings while the monthly income of $2300 is also inplace.
| |||
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Property Highlights
Parking Details
Parking Features: Driveway
Exterior Details
Lot Features: Level, Cleared, 1/2 Up to 1 Acre
Lot Size Area: 0.2975
Lot Size Units: Acres
Lot Size Acres: 0.2975
Lot Size Square Feet: 12959.1
Lot Size Dimensions: 200 x 120 x 200 x 120
Water Source: Public
Financial Details
Tax Annual Amount: $3,221
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Downtown Pasadena
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Listed by: Amir Salehian, HomeSmart
Last Updated: 10 months ago
Data Source: HAR , MLS# 81301056
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Last Updated: 10 months ago
Data Source: HAR , MLS# 81301056
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