This exceptional Houston industrial property, located at 2602 Genoa Red Bluff Rd, offers a total of approximately 145,842 square feet of space, divisible to 42,554 square feet. Currently, approximately 88,609 square feet is available for immediate occupancy. The property features a 36-foot clear height, twenty 9' x 10' dock-high doors, and one 12' x 14' drive-in door. Ample parking is provided with 26 trailer spaces and 39 auto spaces, complemented by a 130-foot truck court. A 2,631 square foot spec office is currently under construction. The building boasts an ESFR sprinkler system and 3-phase power (1,000 amps). Situated on an 11.94-acre lot in Harris County, Texas (zip code 77034), this property benefits from a 2.686337% tax rate and is not located within a floodplain. The property is offered for sale by owner with a pro-forma NOI of $477,323.28 and is leased under a NNN (Triple Net) lease structure. This multi-tenant property presents a compelling investment opportunity in a prime Houston location. The sale includes the existing building and land.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$35,052,692
Hospitality
$32,108,078
Educational
$26,713,544
Medical
$27,632,264
Retail
$41,554,400
Location Insight
City
Houston
County
Harris
State
Texas
Latitude
29.6289
Longitude
-95.1562
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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