Splendora Industrial Property For
For Sale
Contact for pricing
12586 Highway 59, Splendora, TX
22,000 SF office/warehouse on 3.01 acres with highway frontage.
Property Size22,000 SF
Lot Size3.01 Acres
Price / SF$127.27
Days on Market507
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Property Features for 12586 Highway 59
General Information
Standard status
Active
Size
22,000 SF
Lot size
3.01 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Anne Vickery & Associates Realty LLC
(281) 940-7253
Listed By:
Anne Vickery · License #/9005105
(713) 907-9680
Source:
Moodyscre
Added: May 27, 2025
Changed: Oct 4
Last Checked: Oct 15 at 1:18AM
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 Anne Vickery & Associates Realty LLC
Investment Insights
Based on property information with market context.
Located at 12586, 12600, 12620 & 12630 Hwy 59 in Splendora, TX, this industrial property offers 3.01 acres (131,246 SF) of land with approximately 22,000 SF of office and warehouse space. This income-producing asset has tenants in place and excellent frontage along Hwy 59 (I-69), providing high visibility and direct access. The property is strategically positioned near the Mustang Cat Equipment Rental Center and is in proximity to major regional connectors including Hwy 99 (Grand Parkway) and SH 242. The BNSF Industrial Park and Logistics 105 at Fostoria Road are 15 miles away, while Houston and George Bush Intercontinental Airport (IAH) can be reached in under 35 minutes. The property is suited for industrial, warehouse, or office use, with additional land available for future expansion. Utilities are currently private, with City of Splendora utilities available.
Key Highlights
- Excellent frontage and direct access to Hwy 59 (I‑69) for high visibility.
- Income‑producing asset with tenants in place.
- Approximately 22,000 SF of office/warehouse space on 3.01 acres (131,246 SF).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,970
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,719,400
$2.7M
Cap Rate 7%
$1,942,429
$1.9M
Cap Rate 9%
$1,510,778
$1.5M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$170.7K $7.76/SF
− Vacancy
−$10.8K −$0.49/SF
EGI
$160.0K $7.27/SF
− OpEx
−$24.0K −$1.09/SF
NOI
$136.0K $6.18/SF
Area
Montgomery 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%
$2,719,400
Cap Rate 7%
$1,942,429
Cap Rate 9%
$1,510,778
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.27M
NOI $135,970 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$1.60M
$1.40M – $1.87M
NOI $111,975 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$5.55M
$4.86M – $6.48M
NOI $388,777 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- American Mini Storage — 26623 Brice Ln, Splendora, TX 77372
- Haith&S AUTOMOTIVE REPAIR — 12180 Anmar Dr, Cleveland, TX 77328
Frequently Asked Questions
What type of property is this?
Warehouse - 22,000 SF office/warehouse on 3.01 acres with highway frontage.
Where is this warehouse located?
The property is located at 12586 Highway 59 Splendora, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Excellent frontage and direct access to Hwy 59 (I‑69) for high visibility.; Income‑producing asset with tenants in place.; Approximately 22,000 SF of office/warehouse space on 3.01 acres (131,246 SF).
