Cold Storage Facility with
For Sale
$1,750,000
209 Otis Dr, Woodway, TX 76712
Cold storage facility with certified SQF and FDA food-grade space, plus office buildout and an ambient warehouse building.
Property Size16,984 SF
Price / SF$103.04
Days on Market211
Property Features for 209 Otis Dr
General Information
Standard status
Active
Size
16,984 SF
Property subtype
Warehouse
Amenities
The Subject Property is certified SQF and FDA food grade, suitable for food and beverage operators.
The main building features poured-in-place-concrete construction with cold storage space and an office buildout, totaling ± 15,200 SF
2.11 Acres with a fully fenced yard
Building Details
Building Size
16,984 SF
Year Built
1964
Construction
poured-in-place concrete
Listing Agency:
San Diego Downtown Office
Listed By:
Mark Antinucci · License #License(s): CA: 02186109
(858) 373-3241
Source:
Marcusmillichap
Added: Mar 28
Changed: Oct 23
Last Checked: Oct 24 at 1:26PM
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 San Diego Downtown Office
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Investment Insights
Based on property information with market context.
The property is a cold storage facility comprising two buildings totaling approximately 17,500 rentable square feet. The main building features poured-in-place-concrete construction and includes cold storage space with an office buildout, totaling approximately 15,200 square feet. A smaller rear building provides an ambient temperature storage warehouse of approximately 2,300 square feet.
The facility is certified SQF and FDA food grade, making it suitable for food and beverage operators. The current owner-user is a regional beverage bottling and distribution company, and they will vacate the property upon close of escrow.
The site is structured to support both refrigerated and ambient storage needs under one ownership, with dedicated office space included in the primary building.
The facility is certified SQF and FDA food grade, making it suitable for food and beverage operators. The current owner-user is a regional beverage bottling and distribution company, and they will vacate the property upon close of escrow.
The site is structured to support both refrigerated and ambient storage needs under one ownership, with dedicated office space included in the primary building.
Key Highlights
- Two‑building cold storage facility totaling approximately 17,500 SF in Woodway, TX (Waco MSA).
- Main building offers about 15,200 SF with poured‑in‑place‑concrete construction, cold storage space, and an office buildout.
- Rear building includes approximately 2,300 SF ambient temperature storage warehouse.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,969
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,099,380
$2.1M
Cap Rate 7%
$1,499,557
$1.5M
Cap Rate 9%
$1,166,322
$1.2M
Market Conditions
NOI Build-Up for 16,984 SF
Gross rent
$131.8K $7.76/SF
− Vacancy
−$8.3K −$0.49/SF
EGI
$123.5K $7.27/SF
− OpEx
−$18.5K −$1.09/SF
NOI
$105.0K $6.18/SF
Area
McLennan 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%
$2,099,380
Cap Rate 7%
$1,499,557
Cap Rate 9%
$1,166,322
Alternative Uses
Best Use
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,969 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$211.58M
$185.13M – $246.84M
NOI $14,810,539 @ 7.0% cap · market cap 846.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
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
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Cold storage facility with certified SQF and FDA food-grade space, plus office buildout and an ambient warehouse building.
Where is this refrigerated & cold storage located?
The property is located at 209 Otis Dr Woodway, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑building cold storage facility totaling approximately 17,500 SF in Woodway, TX (Waco MSA).; Main building offers about 15,200 SF with poured‑in‑place‑concrete construction, cold storage space, and an office buildout.; Rear building includes approximately 2,300 SF ambient temperature storage warehouse.
