2918 Pine Shadows DrHuntsville, TX 77320

  • Land
  • 10.05 AC
For Sale
$6,141,732 View listing

Property Details for 2918 Pine Shadows Dr

Lot size
10.05 AC
Property type
Land
Property subtype
Commercial land
APN
34333
APU
34333

Description

Exceptional investment opportunity: a 16,345 square foot, Class A auto shop in Huntsville, Texas. This property boasts a 15.6-year absolute NNN lease with Caliber Collision, the nation's largest collision repair provider, backed by a corporate guarantee. The lease features a 10% rent increase every five years, ensuring strong future returns. Built in 2025, this strategically located property sits on a 1.5-acre lot and generates a substantial net operating income (NOI) of $390,000, yielding a 6.35% cap rate. The property benefits from its proximity to major retailers like Home Depot, Walmart, and Target, as well as numerous auto dealerships and service centers, including Chrysler, Dodge, Jeep, Cadillac, Chevrolet, GMC, and Buick. Its location near Huntsville Municipal Airport and Sam Houston State University further enhances its value. The property's strong tenant, long-term lease, and significant rental increases make it an attractive investment with substantial tax benefits available through accelerated depreciation and cost segregation. The asking price is $6,141,732.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $137,809,424
    Hospitality
    $126,232,696
    Educational
    $105,024,120
    Medical
    $108,636,064
    Retail
    $163,370,864
2918 Pine Shadows Dr, Huntsville, Texas

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.7232
Longitude
-95.5704
CBSA code
26660
CBSA name
HUNTSVILLE, TX MICROPOLITAN 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
$15,680
$936,170
-
$936,170
-
$936,170
-
$936,170

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