4035 Underwood Rd, Pasadena, TX 77507 – Distr/Transit/Warehouse/Truck Terminal

Warehouse and StorageYear Built 2008Total Assessed Value $79,850,000County Harris

Property Details

The Warehouse and Storage property 4035 Underwood Rd, Pasadena, TX 77507 is located in Harris County. The specific property type is Distr/Transit/Warehouse/Truck Terminal. The total assessed value of this property is $79,850,000.

The gross building area is 767,630 square feet and the land area is 1,816,757 square feet for this Distr/Transit/Warehouse/Truck Terminal built in 2008.

Legal description: Res A Blk 1 (Industrial) Bayport North Industrial Park Ii

$79,850,000

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 4035 Underwood Rd, Pasadena, TX 77507, Warehouse and Storage

1 / 3

Property Information

Property TypeWarehouse and Storage

Sub Property TypeDistr/Transit/Warehouse/Truck Terminal

Building Area767,630

Land Size1,816,757

Land Value$9,083,785

Improved Value$70,766,215

Total Assessed Value$79,850,000

Year Built2008

County NameHarris

Account Number1311800010001

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningNone

HeatingForced air unit

Type ConstructionSteel

Exterior WallsConcrete block

Sales History

12/4/2017

Arms-lengthNot Disclosed

Buyer

Duke Realty Lp

Seller

Bayport Ii Mountain West Houston Llc

Book Number

20170539172

Recording Date

12/4/2017

Transaction Details

Duke Realty Lp acquired the property from Bayport Ii Mountain West Houston Llc through a Arms-length transaction on 12/4/2017 for .

6/20/2008

Arms-length$1,477,659

Buyer

Jeffrey Riggs

Seller

Vantage Development 39 Llc

Book Number

20080334200

Recording Date

6/20/2008

Transaction Details

Jeffrey Riggs acquired the property from Vantage Development 39 Llc through a Arms-length transaction on 6/20/2008 for $1,477,659.

2/16/2007

Other$1,477,659

Buyer

Seller

Book Number

Recording Date

2/16/2007

Transaction Details

acquired the property from through a Other transaction on 2/16/2007 for $1,477,659.

12/5/2006

Other$3,562,000

Buyer

Seller

Book Number

Recording Date

12/5/2006

Transaction Details

acquired the property from through a Other transaction on 12/5/2006 for $3,562,000.

Property constructed in 2008

YSale Price (USD) byXSales Year

Loading Sale History...

Mortgage History

This details prefers to stay low-key.

Loading Mortgage History...

Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$9,083,785	$73,049,461	$82,133,246	$82,133,246	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	-	1,816,757	767,630
2025	$9,083,785	$70,766,215	$79,850,000	$79,850,000	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	-	1,816,757	767,630
2024	$9,083,785	$65,222,990	$74,306,775	$74,306,775	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	-	1,816,757	767,630
2023	$9,083,785	$59,911,215	$68,995,000	$68,995,000	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	INDUSTRIAL PARK	1,816,757	767,630
2022	$9,083,785	$49,316,215	$58,400,000	$58,400,000	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	INDUSTRIAL PARK	1,816,757	767,630
2021	$9,083,785	$41,816,215	$50,900,000	$50,900,000	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	INDUSTRIAL PARK	1,816,757	767,630
2020	$9,083,785	$41,816,215	$50,900,000	$50,900,000	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	-	1,816,757	767,630
2019	$7,267,028	$40,232,972	$47,500,000	$47,500,000	Duke Realty Limited ...	Po Box 40509	Res A Blk 1 (Industr...	5980.26	INDUSTRIAL PARK	1,816,757	767,630
2018	$5,813,622	$40,186,378	$46,000,000	$46,000,000	Duke Realty Limited ...	3715 Davinci Ct Ste ...	Res A Blk 1 (Industr...	5980.26	INDUSTRIAL PARK	1,816,757	767,630
2017	$7,267,028	$31,732,972	$39,000,000	$39,000,000	Bayport Ii Mountain ...	1401 17th St Ste 700	Res A Blk 1 (Industr...	5980.26	INDUSTRIAL PARK	1,816,757	767,630

Showentries

Showing 1 to 10 of 18 entries

Loading Assessment History...

Rent & Occupancy

Loading Rent & Occupancy...

Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
4035 Underwood Rd, Pasadena, TX 77507	1311800010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Duke Realty Limited Partnership	Harris	-	-	-	-	2008	767,630	-
359 Old Underwood Rd, La Porte, TX 77571	1296360000012	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Sreit Underwood Industrial Park Llc	Harris	3.3	$ 210,805,000	2024-12-18	$ 234.23	2007	900,000	-
8230 Stedman St 100, Houston, TX 77029	1409330010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Npov Houston Industrial Llc	Harris	13.7	$ 87,500,000	2025-02-19	$ 62.83	2019	1,392,720	100
4925 Underwood Rd, Pasadena, TX 77507	1005150000957	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Bayport North Owner Lp	Harris	0.5	$ 51,072,000	2024-07-25	$ 138.09	2017	369,855	-
2304 Reed Rd, Houston, TX 77045	1453360010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Reed Road Logistics Llc	Harris	18.5	$ 59,850,000	2025-02-11	$ 91.86	2023	651,551	-
10433 Ella Blvd, Houston, TX 77038	1399130010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Tsp Pinto Business Park Llc	Harris	28.6	$ 35,910,000	2023-12-05	$ 58.46	2018	614,256	-
22533 Nw Lake Dr, Houston, TX 77095	1351770010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Carson Swib Industrial Lp	Harris	39.6	$ 48,756,470	2024-06-28	$ 211.71	2017	230,301	-
13393 Main, Houston, TX 77085	1334270010001	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Bgoglp South Main Owner Lp	Harris	23.7	$ 45,294,860	2023-11-02	$ 84.69	2023	534,800	-
17654 Ben E Keith Way, San Antonio, TX 78266	452193	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Exeter 17654 Ben E Keith Lp	Comal	194.5	$ 36,650,000	2024-10-17	$ 119.29	2022	307,240	-
6674 Cal Turner Dr, San Antonio, TX 78219	1370369	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Rw Cal Tuner Owner Llc	Bexar	198.6	$ 23,357,460	2024-09-17	$ 95.97	2022	243,385	-
7015 Lancer Blvd, San Antonio, TX 78219	1351671	Warehouse and Storage	Distr/Transit/Warehouse/Truck Terminal	Mohr Foster Ridge Llc	Bexar	198.0	$ 37,240,000	2023-03-01	$ 85.49	2021	435,592	-

Loading Comparables...

Nearby Lenders

Showentries

Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	4035 Underwood Rd, Pasadena, TX 77507	—	-	1,816,757	2008	767,630	$ 79,850,000	$ 9,083,785	-
New York Life Insurance Co	9990 E Fwy, Houston, TX 77029	09/05/2025	$ 10,470,000	382,548	1970	179,536	$ 11,696,797	$ 1,147,644	-
Bank Of America Na	5800 Mesa Dr, Houston, TX 77078	08/28/2025	$ 540,000,000	3,915,211	1977	438,196	$ 25,567,976	$ 7,399,547	Lba Ncccompany Xxxi Llc
Ares Cre Lender Ii Llc	10591 Red Bluff Rd, Pasadena, TX 77507	08/07/2025	$ 250,000	1,809,744	2019	642,432	$ 70,961,625	$ 9,435,114	P9 Bayport South Lp
New York Life Insurance Co	9990 E Fwy, Houston, TX 77029	08/01/2025	$ 27,685,000	382,548	1970	179,536	$ 11,696,797	$ 1,147,644	8786 Wallisville Road Owner Ll
Morgan Stanley Mtg Cap Holding	8790 Wallisville Rd, Houston, TX 77029	07/09/2025	$ 1,000,000,000	291,199	1972	166,047	$ 7,538,526	$ 727,998	Gki Industrial Houston Llc
Hfb Mosley Ltd	8220 Mosley Rd, Houston, TX 77075	06/27/2025	$ 425,000	209,959	1967	75,000	-	-	Furniture Bank
M & T Bank	4811 Underwood Rd, Pasadena, TX 77507	06/26/2025	$ 15,500,000	478,363	2020	177,350	$ 19,484,614	$ 1,782,772	4811 Underwood Llc
Rankin Midtown Lp	6654 Gulf Fwy, Houston, TX 77087	05/15/2025	$ 2,800,000	105,542	1965	49,700	-	-	N & S Madera Way Llc
Capital Bank	1360 Boyles St, Houston, TX 77020	04/29/2025	$ 500,000	160,972	1971	110,702	$ 5,061,806	$ 965,832	Akah Enterprises Llc
First State Bank Of Burnet	4315 Rice Drier Rd, Pearland, TX 77581	03/05/2025	$ 6,140,000	139,200	2016	32,800	$ 4,454,740	$ 269,780	F & R Real Estate Llc

Mean$ 86,642,597

Median$ 9,015,000.0

Loan Amount Range$ 250,000 - $ 1,000,000,000

Showing 1 to 10 of 26 entries

Loading Lenders...

Tenant Details

Showentries

Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
4035 UNDERWOOD RD STE 200, PASADENA, TX 77507-1117	ST GEORGE WAREHOUSE INC	2814745700	WAREHOUSES-MERCHANDISE & SELF STORAGE
4035 UNDERWOOD RD STE 200, PASADENA, TX 77507-1117	WALPORT FREIGHT SOLUTIONS LLC	2814744700	AIR CARGO SERVICE
4035 UNDERWOOD RD, PASADENA, TX 77507-1116	TSR INC	2812918295	DATA PROCESSING SOFTWARE
4035 UNDERWOOD RD STE 200, PASADENA, TX 77507-1117	WALLPORT TRANSIT EXPRESS	2814744700	TRANSIT LINES

Showing 1 to 4 of 4 entries

Tenant Industry Distribution

Loading Tenants...

License Details

This details prefers to stay low-key.

Loading License Details...