Splendora Industrial Property on
For Sale
Contact for pricing
12586 US-59, Cleveland, TX 77328
Income-producing industrial property with office/warehouse space and expansion potential.
Property Size22,000 SF
Lot Size3.01 Acres
Price / SF$127.27
Days on Market430
Property Features for 12586 US-59
General Information
Standard status
Active
Size
22,000 SF
Lot size
3.01 Acres
Property subtype
Industrial
Listing Agency:
Anne Vickery Real Estate
(281) 732-4071
Listed By:
Anne Vickery · License #TX / 9005105
Source:
Crexi
Added: May 27, 2025
Changed: Jul 10
Last Checked: Jul 29 at 9:23AM
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 Real Estate
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/warehouse space. The property is an income-producing asset with tenants in place. It features 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) are reachable 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) providing 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 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 | $170.7k | $7.76 |
| − Vacancy | −$10.8k | −$0.49 |
| EGI | $160.0k | $7.27 |
| − OpEx | −$24.0k | −$1.09 |
| NOI | $136.0k | $6.18 |
22,000 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Office B
$4.37M
$3.83M – $5.10M
NOI $306,183 @ 7.0% cap · market cap 10.94%
Second Best
Warehouse
$1.94M
$1.70M – $2.27M
NOI $135,970 @ 7.0% cap · market cap 4.86%
Theoretical Best
Multifamily LT 5
$246.65M
$215.82M – $287.76M
NOI $17,265,679 @ 7.0% cap · market cap 616.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77328, TX
17,071
Population
6,943
Households
2.5
Avg Household Size
37
Median Age
10%
College-Educated
76%
High-School Grad
180.7 sq mi
ZIP Area
94
Density / Sq Mi
$57,725
Median Household Income
$36,912
Median Earnings
$1,127
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Income-producing industrial property with office/warehouse space and expansion potential.
Where is this warehouse located?
The property is located at 12586 US-59 Cleveland, 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) providing high visibility.; Income‑producing asset with tenants in place.; Approximately 22,000 SF of office/warehouse space on 3.01 acres (131,246 SF).
