5021 Spencer Highway
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 25, 2025 | No longer available | - | |
| No longer available | |||
| Jul 2, 2024 | Listed by Winhill Advisors - Kirby | $1,800,000 | |
| Listed by Winhill Advisors - Kirby | |||
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Welcome to an exceptional commercial lot located at 5021 Spencer Highway in the bustling city of Pasadena, Texas. This prime piece of real estate offers an opportunity for investors and developers looking to capitalize on a high-traffic area with significant growth potential. Situated on the well-traveled Spencer Highway, this lot enjoys excellent visibility and accessibility. It is surrounded by a diverse mix of commercial establishments, residential neighborhoods, and is in close proximity to major highways. The lot benefits from a high volume of daily traffic, making it an ideal location for businesses seeking maximum exposure. Spencer Highway is a major arterial road in Pasadena, frequented by local residents, commuters, and visitors. The lot's zoning allows for a variety of commercial uses, including retail, office, restaurant, and more. This flexibility opens the door for numerous development possibilities to suit your business needs.
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| Dec 14, 2022 | Sold | ||
| Sold | |||
| Jul 20, 2022 | Listed by eXp Realty, LLC | $1,400,000 | |
| Listed by eXp Realty, LLC | |||
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Last Updated: 4 months ago
Data Source: HAR , MLS# 41408172
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