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$590,000

1018 Shaver Street, Pasadena, TX, 77506

On MarketInfo
Beds— Beds
Baths— Bath
Baths7,040 Sq Ft

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size16,540 sqft

Building Information

Year Built1944

Land Information

APN0701280050023
Lot Number23,24
SubdivisionVince Bayou Place
Land UseCommercial
Legal DescriptionLTS 23 & 24 BLK 5 VINCE BAYOU PLACE SEC 2
Census Tract322100
Assessed Land Value$165,380
Assessed Improvement Value$269,857
Assessment Year2025

About this property

Priced at just $55.45 Sq. Ft. this versatile commercial property offers 10,640 sq ft of interior space on a 16,538 sq ft corner lot, truly an exceptional value & a tremendous investment opportunity. Providing endless potential for a wide range of business types. The front section showcases an inviting storefront & lobby area, ideal for retail, offices, or a polished showroom. Behind it sits an expansive warehouse/garage that supports storage, distribution, or other operational needs. 40% dedicated to office use, including the welcoming lobby, a conference room & nine private offices, the remaining 60% is warehouse space. Can be reconfigured to match your workflow/business model. Additional highlights include a new roof installed in 2022, 3 private restrooms, & 2 overhead doors. The building fronts to Shaver Street which provides excellent visibility & from this location you have easy access to Highway 225, Beltway 8, and IH 45. There are ample parking spaces available.

Investor Tools

$419,395Estimated Mortgage Balance
$15,842Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,540 /month
Positive
Cash Flow Estimate:
$1,180 /month

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Brian Carter

Trust Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$626/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,335
$435,237
2025
$165,380
$269,857
$435,237
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,335
$435,237

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Slam Holdings Llc
Unknown
$420,000
No
First
May 12, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$419,395
$15,842
3%
96%
$2,519/mo

City: Pasadena

1018 Shaver Street | Property Details | No Agent List