2602 Genoa Red Bluff RdHouston, TX 77034

  • Distribution centers
  • 149,530 SF

Property Details for 2602 Genoa Red Bluff Rd

Year built
2023
Lot size
11.90 AC
Property size (Sq ft)
149,530 SF
Property type
Distribution centers
APN
1501390010001
APU
1501390010001

Description

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

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
$24,935
$2,077,116
$8,889,158
$10,966,274
-
$2,077,116
$8,889,158
$10,966,274

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