Industrial Distribution
For Sale
Contact for pricing
315 N Washington Avenue, Cleveland, TX 77327
Industrial warehouse with a distribution-oriented operating history and General Commercial zoning.
Property Size4,240 SF
Price / SF$122.64
Days on Market82
Property Features for 315 N Washington Avenue
General Information
Standard status
Active
Size
4,240 SF
Class
C
Property subtype
Industrial, Mixed Use, Special Purpose
Zoning
General Commercial
Lease Type
Gross
Investment Type
Core
Building Details
Year Built
1993
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Jacobs Properties
Listed By:
Shannon Thornton · License #718058
(936) 597-3301
Source:
Crexi
Added: Jul 25
Changed: Oct 6
Last Checked: Oct 12 at 6:22PM
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 Jacobs Properties
Investment Insights
Based on property information with market context.
Located at 315 N Washington Avenue in Cleveland, Texas, this 4,240-square-foot industrial warehouse was built in 1993. The facility has operated as a distribution property for more than three decades and is positioned for continued rental use or future owner occupancy.
The property carries General Commercial zoning and provides an established industrial asset with an existing distribution history. Its current rental-income profile and adaptable ownership options support both investment and operational use.
The property carries General Commercial zoning and provides an established industrial asset with an existing distribution history. Its current rental-income profile and adaptable ownership options support both investment and operational use.
Key Highlights
- 4,240‑square‑foot industrial warehouse
- Built in 1993
- Used as a distribution facility for more than three decades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,205
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,100
$524.1K
Cap Rate 7%
$374,357
$374.4K
Cap Rate 9%
$291,167
$291.2K
Market Conditions
NOI Build-Up for 4,240 SF
Gross rent
$32.9K $7.76/SF
− Vacancy
−$2.1K −$0.49/SF
EGI
$30.8K $7.27/SF
− OpEx
−$4.6K −$1.09/SF
NOI
$26.2K $6.18/SF
Area
Liberty 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%
$524,100
Cap Rate 7%
$374,357
Cap Rate 9%
$291,167
Alternative Uses
Best Use
Warehouse
$374.4K
$327.6K – $436.8K
NOI $26,205 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$308.3K
$269.8K – $359.7K
NOI $21,581 @ 7.0% cap · market cap 4.15%
Theoretical Best
Multifamily LT 5
$47.54M
$41.59M – $55.46M
NOI $3,327,567 @ 7.0% cap · market cap 639.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
Median Home Value
Check the figures for this property
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?
Distribution center - Industrial warehouse with a distribution-oriented operating history and General Commercial zoning.
Where is this distribution center located?
The property is located at 315 N Washington Avenue Cleveland, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 4,240‑square‑foot industrial warehouse; Built in 1993; Used as a distribution facility for more than three decades
