This exceptional 21,600-square-foot industrial property, situated on a 1.5-acre lot in Houston, Texas, presents a unique owner-user opportunity. Built in 2000, this single-story tilt-wall building boasts 18-foot ceilings and ample parking, initially designed for retail but easily adaptable for distribution, manufacturing, or warehouse uses. The property features three grade-level loading doors—two accessible from the parking lot and one from the street—providing convenient access for loading and unloading. The interior is primarily open space, with a designated loading and storage area. The building is equipped with a sprinkler system and air conditioning throughout. Located in Harris County, zip code 77011, this property benefits from its position within an Opportunity Zone adjacent to EADO. The current tenant will vacate upon the closing of a sale, making this an ideal opportunity for immediate occupancy and customization. The property's APN is 1210720010001. The lease expires June 24, 2024, with no remaining lease term.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$6,585,654
6.5%
$6,079,064
7%
$5,644,846
Comparable approach
Method
Valuation
Relative Method
$8,147,987
Geo Method
$16,503,874
Alternative Use
Use
Valuation
Residential
$5,127,918
Hospitality
$4,697,146
Educational
$3,907,970
Medical
$4,042,371
Retail
$6,079,064
Location Insight
City
Houston
County
Harris
State
Texas
Latitude
29.7392
Longitude
-95.3121
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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