Industrial Workshop and Cleared
351 Oak Knoll Road Cleveland, TX 77328
351 Oak Knoll Road, Cleveland, TX, 77328
$168,900
For Sale
$168,900
Partially cleared industrial land featuring a fully permitted 30’x32’ workshop with dual bay doors and 200-amp power.
Property Size960 SF
Lot Size3.00 Acres
Price / SF$175.94
Days on Market85
Property Features for 351 Oak Knoll Road
General Information
- Standard status
- Active
- Size
- 960 SF
- Lot size
- 3.00 Acres
- Property subtype
- Land
Listing agency
NB Elite Realty
(713) 582-8266
Listed by
Stephanie Miles · License #0594622
(713) 582-8266
Source
Compass
Added: Apr 28 Updated: Jul 20 at 8:11PM Checked: Jul 20 at 8:11PM
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 NB Elite Realty
Investment Insights
Based on property information with market context.
This for-sale industrial property includes partially cleared land and a fully permitted 30’ x 32’ industrial-grade workshop. The building features 14’ walls, a reinforced 5” thick slab at 4000 PSI with deep footers, and an 11’6” x 32’ mezzanine for additional storage. The workshop is served by a 200-amp service with dedicated circuits designed for air compressors, plasma cutters, and welders, and includes dual 10’ x 12’ bay doors.
The property is accessed via an established gravel driveway and offers easy water access. Electricity is active, and the site is located off a peaceful, no-outlet private road.
Offered without an HOA, the property is presented as builder-ready with the infrastructure already in place for industrial use.
The property is accessed via an established gravel driveway and offers easy water access. Electricity is active, and the site is located off a peaceful, no-outlet private road.
Offered without an HOA, the property is presented as builder-ready with the infrastructure already in place for industrial use.
Key Highlights
- 3‑acre partially cleared property on a peaceful no‑outlet private road in Cleveland, TX
- Fully permitted 30'x32' industrial‑grade workshop with dual 10'x12' bay doors
- 14' wall height and reinforced 5" thick, 4000 PSI slab with deep footers
Local Financial Insights For Industrial
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 | $7.4k | $7.76 |
| − Vacancy | −$469 | −$0.49 |
| EGI | $7.0k | $7.27 |
| − OpEx | −$2.1k | −$2.18 |
| NOI | $4.9k | $5.09 |
960 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 30.00%
Alternative Uses
Best Use
Industrial
$69.8K
$61.1K – $81.4K
NOI $4,886 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.76M
$9.42M – $12.56M
NOI $753,411 @ 7.0% cap · market cap 446.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trac-Tech LLC
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - Partially cleared industrial land featuring a fully permitted 30’x32’ workshop with dual bay doors and 200-amp power.
Where is this industrial land located?
The property is located at 351 Oak Knoll Road Cleveland, TX.
What is the asking price?
The asking price for this property is $168,900.
What are key features of this property?
This property features: 3‑acre partially cleared property on a peaceful no‑outlet private road in Cleveland, TX; Fully permitted 30'x32' industrial‑grade workshop with dual 10'x12' bay doors; 14' wall height and reinforced 5" thick, 4000 PSI slab with deep footers
