Industrial Property with Four
New
For Sale
Contact for pricing
12700 Cole Dr, Cleveland, TX 77328
A multi-building industrial site offers several existing structures on one parcel, with one building also available for lease.
Property Size21,960 SF
Lot Size3.89 Acres
Price / SF$78.01
Days on Market5
Property Features for 12700 Cole Dr
General Information
Standard status
Active
Size
21,960 SF
Lot size
3.89 Acres
Property subtype
INDUSTRIAL
Building Details
Buildings
4
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 8:39PM
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.
The industrial property comprises 3.89 acres with four buildings totaling 21,960 square feet. Building areas are 3,960 square feet at 12684 Cole Dr, 10,000 square feet at 12664 Cole Dr, 4,000 square feet at 12678 Cole Dr, and 4,000 square feet at 12680 Cole Dr. The 3,960-square-foot building is also available for lease.
Key Highlights
- 3.89‑acre industrial property
- Four buildings totaling 21,960 square feet
- 12684 Cole Dr building: 3,960 square feet; also available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,772
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,440
$2.2M
Cap Rate 7%
$1,596,743
$1.6M
Cap Rate 9%
$1,241,911
$1.2M
Market Conditions
NOI Build-Up for 21,960 SF
Gross rent
$170.4K $7.76/SF
− Vacancy
−$10.7K −$0.49/SF
EGI
$159.7K $7.27/SF
− OpEx
−$47.9K −$2.18/SF
NOI
$111.8K $5.09/SF
Area
Liberty 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%
$2,235,440
Cap Rate 7%
$1,596,743
Cap Rate 9%
$1,241,911
Alternative Uses
Best Use
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,772 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$246.20M
$215.43M – $287.24M
NOI $17,234,287 @ 7.0% cap · market cap 1,006.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
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
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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 - A multi-building industrial site offers several existing structures on one parcel, with one building also available for lease.
Where is this industrial property located?
The property is located at 12700 Cole Dr Cleveland, TX.
What is the asking price?
The asking price for this property is $1,713,000.
What are key features of this property?
This property features: 3.89‑acre industrial property; Four buildings totaling 21,960 square feet; 12684 Cole Dr building: 3,960 square feet; also available for lease
