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 Market36
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
(936) 597-3301
Listed By:
Shannon Thornton · License #718058
Source:
Crexi
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 29 at 3:48PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,205
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
