11407 Charles RdJersey Village, TX 77041

  • Warehouses
  • 5,600 SF
For Sale
$3,300,000 View listing

Property Details for 11407 Charles Rd

Year built
1997
Construction
METAL FRAME
Lot size
1.50 AC
Property size (Sq ft)
5,600 SF
Property type
Warehouses
APN
640150000428
APU
640150000428

Description

This exceptional 22,813-square-foot warehouse, situated on 1.5 acres in Jersey Village, Texas, presents a compelling investment opportunity. Built in 1997 and renovated in 2015, the property boasts a 16-foot clear height ceiling, five grade-level doors, and ample paved outside storage (approximately 0.25 acres). The warehouse features approximately 1,700 square feet of office space, including a shop office with quality control and tool room areas. Utilities include a water well and septic system, compressed air, and 3-phase, 480V power. The warehouse space is fully insulated and equipped with LED lighting and HVAC. The property enjoys convenient access to major roadways, including FM 529, US 290, and Beltway 8. A five-year lease commenced April 1, 2024, at a net-net rate of $0.76 per square foot per month, with 4% annual escalations, expiring March 31, 2029. The asking price is $3,300,000, representing a 6.5% cap rate based on a December 31, 2024 closing. This property offers a strong combination of functional space, modern amenities, and a secure lease, making it an attractive investment for discerning buyers. The property is located at 11407 Charles Road, Jersey Village, TX 77041.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,312,747
    Hospitality
    $1,202,469
    Educational
    $1,000,440
    Medical
    $1,034,847
    Retail
    $1,556,240

Location Insight

City
Jersey Village
County
Harris
State
Texas
Latitude
29.8827
Longitude
-95.5802
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,497
$327,175
$1,167,395
$1,494,570
-
$327,175
$1,167,395
$1,494,570

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