18914 Industrial PkwyNew Caney, TX 77357

Property Details for 18914 Industrial Pkwy

Year built

2008

Lot size

2.50 AC

Property size (Sq ft)

20,960 SF

Property type

Office buildings

APN

4522-02-00400

APU

45220200400

Description

This exceptional 20,960-square-foot industrial warehouse, located at 18914 E Industrial Parkway, New Caney, TX 77357, is available for sale. The Class B property, built in 2008, sits on a 2.5-acre lot and features two buildings, each one story high. The warehouse boasts 8 dock-high doors, a 30-foot ceiling height, and ample parking for 27 vehicles. The property includes a 9,500-square-foot office/showroom, a 5,000-square-foot climate-controlled warehouse, and a 6,500-square-foot non-climate-controlled warehouse. A significant advantage is the 3,000-square-foot covered pull-through area at the bay doors, providing weather protection during loading and unloading. Currently leased to Snap-on under a NNN lease expiring March 31, 2026 (1.4 years remaining), the asking price is $2,500,000 ($119.27/sq ft). The property's strategic location, 2.3 miles north of Grand Parkway and 3.5 miles west of Hwy 59 in the East Montgomery County Industrial Park, offers easy access for large trucks via two gated drives. The property's APN is 4522-02-00400. This is a prime opportunity in a rapidly growing Houston submarket with limited industrial space availability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,761,854

  6.5%

  $5,318,635

  7%

  $4,938,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,958,919

  Geo Method

  $6,275,214

• Alternative Use

  Use

  Valuation

  Residential

  $6,595,108

  Hospitality

  $6,041,083

  Educational

  $5,026,110

  Medical

  $5,198,966

  Retail

  $7,818,394

Location Insight

City

New Caney

County

Montgomery

State

Texas

Latitude

30.1733

Longitude

-95.2747

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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