Listing Agency: Lee & Associates - Houston r***@lee-associates.com Show Phone

Listed By: Richard Glass · License #501767

Source: Crexi

Added: Dec 6, 2023 Changed: Aug 25 Last Checked: Aug 30 at 3:47PM

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Investment Insights

Based on property information with market context.

An industrial property is available for sale in Wadsworth, Texas. The property offers a total size of 9,100 square feet.

Key Highlights

• Industrial property for sale
• Additional property details available
• Top 6 selling points from all property information provided upon request

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

$46,317

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

7.13%

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%

$926,340 $926.3K

Cap Rate 7%

$661,671 $661.7K

Cap Rate 9%

$514,633 $514.6K

Market Conditions

NOI Build-Up for 9,100 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

$70.6K $7.76/SF

− Vacancy

−$4.4K −$0.49/SF

EGI

$66.2K $7.27/SF

− OpEx

−$19.9K −$2.18/SF

NOI

$46.3K $5.09/SF

Area

Matagorda County, TX

Vacancy

6.30%

Lease Rate

$7.76 /SF/Yr

Expense Ratio

30.00%

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%

$926,340

Cap Rate 7%

$661,671

Cap Rate 9%

$514,633

Alternative Uses

Best Use

Industrial

$661.7K

$579.0K – $772.0K (±1% cap)

NOI $46,317 @ 7.0% cap · market cap 7.13%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$102.02M

$89.27M – $119.03M (±1% cap)

NOI $7,141,713 @ 7.0% cap · market cap 1,098.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Industrial properties

Location Intelligence

Demographics for 77483, TX

226

Population

228

Households

1

Avg Household Size

48

Median Age

13%

College-Educated

80%

High-School Grad

33.9 sq mi

ZIP Area

7

Density / Sq Mi

$206,000

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property available for purchase in Wadsworth, Texas.

Where is this industrial property located?

The property is located at 111 COUNTY ROAD 237 Wadsworth, TX.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Industrial property for sale; Additional property details available; Top 6 selling points from all property information provided upon request