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    Wadsworth Warehouse on 36 Acres Title is generated by Realmo AI

    111 County Road 237, Wadsworth, TX

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    9,100 SF warehouse with office on 36 acres.

    Type:INDUSTRIAL
    Property size:
    9,100 SF
    Price / SF:
    $71/SF
    Added:
    Dec 5, 2023
    Days on Market:
    917
    Last Refresh:
    May 19 at 10:42 pm

    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

    We can help!

    Listing Contact
    Richard Glass
    Richard Glass

    Listing agent Richard Glass License #501767

    Listing office Lee & Associates

    Listing date Dec 5, 2023

    Source Moodyscre

    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

    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.
    • Convenient Loading: Three (3) grade‑level doors for easy access.
    • Adequate Eave Height: 16' eave height suitable for various uses.
    • No Floodplain Issues: Property is not in a floodplain.

    Overview

    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.

    Local 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 (±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 local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Wadsworth
    County
    Matagorda
    State
    Texas
    Longitude
    -95.8248
    Latitude
    28.7693

    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.**
    (281) 804-4402 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Richard Glass
    Richard Glass
    Real Estate License ID: 501767
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