231 Twin City HwyNederland, TX 77627

Property Details for 231 Twin City Hwy

Year built

1978

Lot size

0.34 AC

Property size (Sq ft)

5,040 SF

Property type

Auto shops

APN

045650-000-011900-00000

APU

4565000001190000000

Description

This exceptional Jefferson County warehouse, located at 231 Twin City Hwy Ste. C, offers a single-tenant occupancy opportunity. The property boasts a total of 5,175 square feet, with 2,475 square feet currently available for lease. The space features a variety of desirable attributes for industrial users. The warehouse includes an insulated roof deck, ensuring efficient temperature control and energy savings. For ease of material handling, an overhead crane is installed. Convenient restroom facilities are also provided. The property is divided into two sections, each with its own access. Section 1 offers a 10-foot overhead door and ceiling heights ranging from 13 to 14 feet. Section 2 provides a larger 16-foot overhead door and impressive 18-foot eave heights. The asking rent for the 2,475 square feet of vacant space is $1.00 per square foot, totaling $2,475 per month, plus taxes and insurance. Additional operating expenses are $0.224 per square foot, resulting in a total monthly cost of $3,030. This well-maintained warehouse is ideally suited for a variety of industrial businesses seeking efficient and functional space in a convenient Jefferson County location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,036,662

  6.5%

  $1,879,995

  7%

  $1,745,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,398,923

  Geo Method

  $3,802,492

• Alternative Use

  Use

  Valuation

  Residential

  $1,585,846

  Hospitality

  $1,452,627

  Educational

  $1,208,568

  Medical

  $1,250,133

  Retail

  $1,879,995

Location Insight

City

Nederland

County

Jefferson

State

Texas

Latitude

29.9764

Longitude

-93.9899

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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