Wadsworth Warehouse on 36
111 County Road 237 Wadsworth, TX
For Sale
Contact for pricing
9,100 SF warehouse with office on 36 acres.
Property Size9,100 SF
Price / SF$71.43
Days on Market963
Property Features for 111 County Road 237
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- INDUSTRIAL
Properties For Sale
at 111 County Road 237 Contact us
Listing Agency:
Lee & Associates
(281) 804-4402
Listed By:
Richard Glass · License #501767
(281) 804-4402
Source:
Moodyscre
Added: Dec 5, 2023
Changed: Jul 6
Last Checked: Jul 21 at 4:15AM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.6k | $7.76 |
| − Vacancy | −$4.4k | −$0.49 |
| EGI | $66.2k | $7.27 |
| − OpEx | −$9.9k | −$1.09 |
| NOI | $56.2k | $6.18 |
9,100 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$803.5K
$703.0K – $937.4K
NOI $56,242 @ 7.0% cap · market cap 8.65%
Second Best
Industrial
$661.7K
$579.0K – $772.0K
NOI $46,317 @ 7.0% cap · market cap 7.13%
Theoretical Best
Multifamily LT 5
$102.02M
$89.27M – $119.03M
NOI $7,141,713 @ 7.0% cap · market cap 1,098.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
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.**
