511 Rankin CirHouston, TX 77073

  • Warehouses
  • 11,200 SF

Property Details for 511 Rankin Cir

Year built
2005
Construction
METAL FRAME
Lot size
1.98 AC
Property size (Sq ft)
11,200 SF
Property type
Warehouses
APN
1267450010001
APU
1267450010001

Description

This exceptional 11,200-square-foot industrial property, located at 511 Rankin Circle N in Houston, Texas, presents a compelling investment opportunity. Built in 2005, this Class B building sits on a generous 1.98-acre lot, offering ample space for operations and potential expansion. The warehouse boasts a desirable 16-foot clear ceiling height, providing significant vertical storage capacity. Two dock-high doors ensure efficient loading and unloading, complemented by additional grade-level doors for convenient access. The property's manufacturing and warehouse subtype makes it suitable for a variety of industrial uses. Its location in Harris County, Texas, with a 77073 zip code, offers convenient access to major transportation routes and a thriving industrial market. The existing structure provides a solid foundation, with the added benefit of expansion capabilities to accommodate future growth. This property is ideal for businesses seeking a well-maintained, spacious, and strategically located industrial facility in the heart of Houston. The ample lot size and existing infrastructure provide a strong base for immediate occupancy and long-term growth potential. This is a rare opportunity to acquire a functional and expandable industrial space in a prime Houston location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,524,103
    Hospitality
    $3,228,060
    Educational
    $2,685,708
    Medical
    $2,778,073
    Retail
    $4,177,768

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.9688
Longitude
-95.411
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
$9,996
$360,170
$872,158
$1,232,328
-
$360,170
$872,158
$1,232,328

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