Industrial Property with Three
New
For Sale
Contact for pricing
12318 Highway 59, Splendora, TX 77372
The site brings together three separate industrial buildings across two parcels.
Property Size26,365 SF
Lot Size2.92 Acres
Price / SF$78.31
Days on Market5
Property Features for 12318 Highway 59
General Information
Standard status
Active
Size
26,365 SF
Lot size
2.92 Acres
Property subtype
INDUSTRIAL
Building Details
Buildings
3
Listing Agency:
McAlpine Interests
(281) 973-0456
Listed By:
Adam McAlpine · License #600646
(281) 973-4562
Source:
Moodyscre
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 7:28PM
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 McAlpine Interests
Investment Insights
Based on property information with market context.
Three industrial buildings make up this property, with a combined site area of 2.92 acres. Buildings C-1 and C-2 occupy a 1.14-acre parcel, while C-3 is situated on a separate 1.78-acre parcel.
C-1 totals 16,085 square feet, including 9,685 square feet of building area and a 6,400-square-foot canopy. C-2 contains 4,680 square feet, and C-3 contains 5,600 square feet. The properties have addresses of 12318, 12500, and 12520 Highway 59 in Splendora, Texas.
C-1 totals 16,085 square feet, including 9,685 square feet of building area and a 6,400-square-foot canopy. C-2 contains 4,680 square feet, and C-3 contains 5,600 square feet. The properties have addresses of 12318, 12500, and 12520 Highway 59 in Splendora, Texas.
Key Highlights
- Three buildings across 2.92 acres
- C‑1 and C‑2 are on a 1.14‑acre parcel; C‑3 is on a 1.78‑acre parcel
- C‑1 totals 16,085 SF: 9,685 SF of building area plus a 6,400 SF canopy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,192
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,683,840
$2.7M
Cap Rate 7%
$1,917,029
$1.9M
Cap Rate 9%
$1,491,022
$1.5M
Market Conditions
NOI Build-Up for 26,365 SF
Gross rent
$204.6K $7.76/SF
− Vacancy
−$12.9K −$0.49/SF
EGI
$191.7K $7.27/SF
− OpEx
−$57.5K −$2.18/SF
NOI
$134.2K $5.09/SF
Area
Montgomery 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%
$2,683,840
Cap Rate 7%
$1,917,029
Cap Rate 9%
$1,491,022
Alternative Uses
Best Use
Industrial
$1.92M
$1.68M – $2.24M
NOI $134,192 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.66M
$5.82M – $7.77M
NOI $465,914 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 77372, TX
13,306
Population
4,779
Households
2.8
Avg Household Size
36
Median Age
12%
College-Educated
80%
High-School Grad
51.5 sq mi
ZIP Area
258
Density / Sq Mi
$78,601
Median Household Income
$38,263
Median Earnings
$1,226
Median Rent
$217,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - The site brings together three separate industrial buildings across two parcels.
Where is this industrial property located?
The property is located at 12318 Highway 59 Splendora, TX.
What is the asking price?
The asking price for this property is $2,064,705.
What are key features of this property?
This property features: Three buildings across 2.92 acres; C‑1 and C‑2 are on a 1.14‑acre parcel; C‑3 is on a 1.78‑acre parcel; C‑1 totals 16,085 SF: 9,685 SF of building area plus a 6,400 SF canopy
