Cold Storage Facility with
209 Otis Dr Woodway, TX 76712
For Sale
Contact for pricing
Cold storage facility with certified SQF and FDA food-grade space, plus office buildout and an ambient warehouse building.
Property Size17,500 SF
Price / SF$108.57
Days on Market120
Property Features for 209 Otis Dr
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1694
Listing Agency:
Marcus & Millichap - Downtown San Diego
Listed By:
Mark Antinucci · License #CA 02186109
Source:
Crexi
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 2:48AM
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 Marcus & Millichap - Downtown San Diego
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 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 | $135.8k | $7.76 |
| − Vacancy | −$8.6k | −$0.49 |
| EGI | $127.2k | $7.27 |
| − OpEx | −$19.1k | −$1.09 |
| NOI | $108.2k | $6.18 |
17,500 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.55M
$1.35M – $1.80M
NOI $108,158 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$218.01M
$190.76M – $254.34M
NOI $15,260,506 @ 7.0% cap · market cap 803.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Self-Storage at U-Haul — 211 Colonnade Pkwy, Woodway, TX 76712
- U-box Storage — 270 Texas Central Pkwy, Waco, TX 76712
- SpareBox Storage — 400 Texas Central Pkwy, Waco, TX 76712
- Waco Commerce Center — 630 Texas Central Pkwy, Waco, TX 76712
- Self-Storage at U-Haul — 200 Texas Central Pkwy, Waco, TX 76712
FAQs
What type of property is this?
Warehouse - Cold storage facility with certified SQF and FDA food-grade space, plus office buildout and an ambient warehouse building.
Where is this warehouse located?
The property is located at 209 Otis Dr Woodway, TX.
What is the asking price?
The asking price for this property is $1,900,000.
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.
