Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12586 Us Highway 59 Cleveland, TX 77328

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,500,000

    Income-producing industrial property with office/warehouse space and expansion potential.

    Property size:
    22,000 SF
    Lot size:
    3.01 Acres

    Property Features for 12586 Us Highway 59

    General Information

    Standard status
    Active
    Size
    22,000 SF
    Lot size
    3.01 Acres

    We can help!

    Listing Contact
    Anne Vickery
    Anne Vickery
    Source: Crexi

    Listing Agency: Anne Vickery & Associates Realty LLC Listing Agent: Anne Vickery

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Splendora Industrial Property on Highway

    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.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.139274
    Latitude
    30.269586

    Nearby Similar for Sale

    • $895,000
      6,917 SF

      Turnkey Event Venue For Sale

      Breathtaking property and turnkey event experience ready for unforgettable gatherings.
      105 County Road 2239, Cleveland, TX 77327
      View Details
    • $495,000

      Unrestricted Land with Roping Arena

      24 acres of unrestricted Texas land with equestrian facilities.
      20818 Red Oak Dr, Cleveland, TX 77328
      View Details
    • $9,950,000

      Historic Estate with Event Barn

      Unique 50-acre estate ideal as venue or retreat.
      3603 Fm 1725 Rd, Cleveland, TX 77328
      View Details
    • $750,000

      Income-Producing Trailer Homes For Sale

      2.519-acre property featuring five income-producing trailer homes.
      264 County Road 328 S, Cleveland, TX 77327
      View Details
    • $800,000
      2,920 SF

      Secluded Multi-Family Homestead

      Multi-family property with main house, guest house, and outbuildings.
      11586 Midway Rd, Cleveland, TX 77328
      View Details
    • $789,900

      Unrestricted Land with Multiple Residences

      8.43 acres with main home, guest house, and barns.
      197 County Road 348, Cleveland, TX 77327
      View Details
    • $455,000

      Farm Ready Property For Sale

      25+/- acre farm with stocked pond and working pens.
      191 County Road 2276, Cleveland, TX 77327
      View Details
    • $449,000
      2,372 SF

      Ranch with Acreage and Potential

      9.93-acre ranch featuring two dwellings and animal stalls.
      101 A J Murry Rd, Cleveland, TX 77328
      View Details
    • $450,000
      1,400 SF

      New Duplex on Acreage

      Recently completed duplex on 7 acres near Conroe, Texas.
      3130 Pine Rd, Cleveland, TX 77328
      View Details
    • $450,000

      Barndominium Duplex on 9.88 Acres

      9.88-acre property with barndominium duplex in Tarkington ISD.
      4869 Fm 2518 Rd, Cleveland, TX 77327
      View Details
    • $955,750
      Pending

      Farmhouse with Modern Amenities

      Updated farmhouse with pool, outdoor kitchen, and putting green.
      2406 County Road 2274, Cleveland, TX 77327
      View Details
    • $269,000
      4,927 SF

      Versatile Facility with Event Potential

      Adaptable 5,000 sq ft facility suitable for various purposes.
      301 S Fenner Ave, Cleveland, TX 77327
      View Details

    FAQs

    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 Highway 59 Cleveland, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    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).
    (281) 732-4071
    Request Owner's contact information
    12586 Us Highway 59 Cleveland, TX 77328
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12586 Us Highway 59
    Cleveland, TX 77328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12586 Us Highway 59 Cleveland, TX 77328
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anne Vickery
    Anne Vickery
    Real Estate License ID: /9005105
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!