Listing Agency: Lee & Associates - Houston

Listed By: Richard Glass · License #501767 Show Phone

Source: Crexi

Added: Dec 6, 2023 Changed: Oct 3 Last Checked: Oct 19 at 5:41AM

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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 - Houston

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Investment Insights

Based on property information with market context.

An industrial property is available for sale in Wadsworth, Texas. The property offers a total size of 9,100 square feet.

Key Highlights

• Industrial property for sale
• Additional property details available
• Top 6 selling points from all property information provided upon request

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,317

Cap Rate

7.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$926,340 $926.3K

Cap Rate 7%

$661,671 $661.7K

Cap Rate 9%

$514,633 $514.6K

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

−$19.9K −$2.18/SF

NOI

$46.3K $5.09/SF

Area

Matagorda County, TX

Vacancy

6.30%

Lease Rate

$7.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$926,340

Cap Rate 7%

$661,671

Cap Rate 9%

$514,633

Alternative Uses

Best Use

Industrial

$661.7K

$579.0K – $772.0K (±1% cap)

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

Second Best

—

—

no second resolved use

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

Industrial properties

Location Intelligence

Demographics for 77483, TX

226

Population

228

Households

1

Avg Household Size

48

Median Age

13%

College-Educated

80%

High-School Grad

33.9 sq mi

ZIP Area

7

Density / Sq Mi

$206,000

Median Home Value

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?

Industrial property - Industrial property available for purchase in Wadsworth, Texas.

Where is this industrial property 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: Industrial property for sale; Additional property details available; Top 6 selling points from all property information provided upon request