19233 Fm 1485 RdNew Caney, TX 77357

Property Details for 19233 Fm 1485 Rd

Year built

1980

Lot size

30.58 AC

Property size (Sq ft)

1,428 SF

Zone code

5

Property type

Manufacturing properties

APN

0482-00-02300

APU

4820002300

Description

This exceptional investment opportunity presents a single-tenant, Class B industrial property ideally situated in New Caney, Texas. The property encompasses a substantial 55,000 square feet on a 32-acre lot, including approximately 13 acres of heavily stabilized yard space. Built in 1985 and renovated in 2018, this one-story building boasts a 20-foot ceiling height, providing ample storage and operational space. The property benefits from 660 feet of frontage along FM 1485, offering excellent visibility and accessibility. Its strategic location provides convenient access to major transportation arteries, including the Grand Parkway 99 and Highway 59. The property features 3-phase heavy power and is situated in an opportunity zone. An absolute NNN lease is currently in place, extending through December 31, 2027, with a tenant boasting over 25 years in business. Seller financing is available, making this a compelling investment prospect with a strong 8.00% cap rate. The property is unrestricted, further enhancing its investment potential. This is a rare opportunity to acquire a well-located, income-producing industrial asset with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $900,890

  6.5%

  $831,591

  7%

  $772,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $431,552

  Geo Method

  $684,046

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $421,919

  Mixed-Use / Specialty

  $416,855

  Hospitality / Lodging

  $301,199

  Office

  $410,672

  Institutional / Educational

  $432,090

  Residential Income

  $505,545

  Multifamily

  $626,055

  Automotive / Energy

  $370,362

  Parking / Income-Based Land

  $131,324

  Restaurant / Food Service

  $209,214

  Healthcare / Senior Housing

  $431,127

Location Insight

City

New Caney

County

Montgomery

State

Texas

Latitude

30.1721

Longitude

-95.2351

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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