701 Plastics AveHouston, TX 77020

Property Details for 701 Plastics Ave

Year built

1979

Construction

METAL FRAME

Lot size

6.25 AC

Property size (Sq ft)

89,012 SF

Property type

Flex space

APN

402630000076

APU

402630000076

Description

This exceptional 88,000-square-foot industrial warehouse, situated on 6.25 acres in Houston's East Inner Loop, presents a significant leasing opportunity. Built in 1980, this single-story building boasts a single-tenant occupancy and features heavy power capabilities, ideal for manufacturing or warehousing operations. The property includes one loading dock and four drive-in doors, ensuring efficient loading and unloading. The main electrical panel is rated at 4000A, 480/277 Volt, 60 Hz, NEMA 1, and utilizes a Schneider Electric MasterPact MW 40H Circuit Breaker. The warehouse is located in Harris County, Texas, with the full address being 701 Plastics Ave, Houston, TX 77020. This property offers significant advantages for businesses seeking a well-equipped and strategically located industrial space. The building's substantial size and robust power supply make it suitable for a wide range of industrial uses. The convenient location within the East Inner Loop provides easy access to major transportation routes and the Houston metropolitan area. The presence of three cranes (not further specified) further enhances the property's functionality and appeal to potential tenants. This is a rare opportunity to secure a substantial industrial space in a prime Houston location.

• CAP approach

  CAP return

  Valuation

  6%

  $42,909,200

  6.5%

  $39,608,500

  7%

  $36,779,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,050,900

  Geo Method

  $42,638,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $19,907,400

  Mixed-Use / Specialty

  $19,518,400

  Hospitality / Lodging

  $13,905,900

  Office

  $19,071,200

  Institutional / Educational

  $20,177,600

  Residential Income

  $23,607,800

  Multifamily

  $30,077,200

  Automotive / Energy

  $17,295,100

  Parking / Income-Based Land

  $6,282,560

  Restaurant / Food Service

  $9,472,890

  Healthcare / Senior Housing

  $20,341,900

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7562

Longitude

-95.3145

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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