1120 Lockwood DrHouston, TX 77020

Property Details for 1120 Lockwood Dr

Year built

1950

Construction

CONCRETE BLOCKS

Lot size

4.73 AC

Property size (Sq ft)

21,665 SF

Property type

Distribution centers

APN

402620000024

APU

402620000024

Description

This exceptional Harris County industrial property offers ±53,573 square feet of versatile warehouse and distribution space, ideal for multiple tenants. The property comprises two buildings situated on a 3.6-acre lot. Building 1 totals approximately 17,170 square feet, featuring approximately 2,400 square feet of office space, 14-foot clear height, and six dock-high doors. Building 2 offers approximately 36,403 square feet, including approximately 750 square feet of office/restroom space. This building boasts a 20-foot clear height, a clear span design (no interior structural columns), eleven dock-high doors, and one oversized ramp. Both buildings are single-story structures built in 1950 and are classified as Class B. The property is fully sprinklered, providing essential fire protection. This multi-tenant property presents a unique opportunity to lease a significant amount of space in a well-located Harris County industrial area. The available space is divisible, with two spaces currently available ranging from approximately 17,170 to 36,403 square feet. This property is perfect for businesses seeking efficient and functional warehouse and distribution facilities. The ample land area and convenient location make this an attractive option for various industrial operations.

• CAP approach

  CAP return

  Valuation

  6%

  $10,443,900

  6.5%

  $9,640,480

  7%

  $8,951,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,123,660

  Geo Method

  $10,378,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,845,350

  Mixed-Use / Specialty

  $4,750,670

  Hospitality / Lodging

  $3,384,620

  Office

  $4,641,810

  Institutional / Educational

  $4,911,110

  Residential Income

  $5,746,000

  Multifamily

  $7,320,610

  Automotive / Energy

  $4,209,520

  Parking / Income-Based Land

  $1,529,140

  Restaurant / Food Service

  $2,305,650

  Healthcare / Senior Housing

  $4,951,110

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7691

Longitude

-95.3138

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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