Properties For Sale

at 111 County Road 237

111 County Road 237 AVAILABLE

Size 9,100 SF

Type INDUSTRIAL

Lease Type GROSS

PROPERTY OVERVIEW • Available Space: ±9,100 SF under roof • Office/living ±1,480 SF • Land: ±36.60 AC mostly pasture but could be stabilized yard • Eave height: 16' • Loading: Three (3) grade-level doors • Floodplain: No floodplain issues • Utilities: City water and well Septic

Contact us

Listing Agency: Lee & Associates Show Phone

Listed By: Richard Glass · License #501767 Show Phone

Source: Moodyscre

Added: Dec 5, 2023 Changed: Oct 21 Last Checked: Oct 23 at 11:22AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The property features approximately 9,100 square feet of space under roof, including about 1,480 square feet of office or living space. The land encompasses approximately 36.60 acres, primarily pastureland that could be converted into a stabilized yard. The warehouse has an eave height of 16 feet and is equipped with three grade-level doors for loading. City water and well septic utilities are available. The property is not located in a floodplain.

Key Highlights

• Large Land Parcel: ±36.60 AC, mostly pasture, with potential for stabilized yard.
• Substantial Space Under Roof: ±9,100 SF total area.
• Functional Office/Living Space: ±1,480 SF of dedicated office/living area.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,242

Cap Rate

8.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,124,840 $1.1M

Cap Rate 7%

$803,457 $803.5K

Cap Rate 9%

$624,911 $624.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,100 SF

Gross rent

$70.6K $7.76/SF

− Vacancy

−$4.4K −$0.49/SF

EGI

$66.2K $7.27/SF

− OpEx

−$9.9K −$1.09/SF

NOI

$56.2K $6.18/SF

Area

Matagorda County, TX

Vacancy

6.30%

Lease Rate

$7.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,124,840

Cap Rate 7%

$803,457

Cap Rate 9%

$624,911

Alternative Uses

Best Use

Warehouse

$803.5K

$703.0K – $937.4K (±1% cap)

NOI $56,242 @ 7.0% cap · market cap 8.65%

Second Best

Industrial

$661.7K

$579.0K – $772.0K (±1% cap)

NOI $46,317 @ 7.0% cap · market cap 7.13%

Theoretical Best

Multifamily LT 5

$102.02M

$89.27M – $119.03M (±1% cap)

NOI $7,141,713 @ 7.0% cap · market cap 1,098.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - 9,100 SF warehouse with office on 36 acres.

Where is this warehouse located?

The property is located at 111 County Road 237 Wadsworth, TX.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Large Land Parcel: **±36.60 AC, mostly pasture, with potential for stabilized yard.**; Substantial Space Under Roof: ±9,100 SF total area.; Functional Office/Living Space: **±1,480 SF of dedicated office/living area.**