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    3402 Longhorn Dr Houston, TX 77084

    For Sale
    $7,200,000

    Houston, TX Industrial Park - $7.2M

    Property size:
    38,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 38,400 square foot industrial business park presents a prime investment opportunity in Houston, Texas. Built in 2022, this Class B property comprises four individual, single-tenant buildings, each approximately 9,600 square feet. Each building features 16-foot ceilings, three 14' x 14' overhead doors, and a fenced private yard. The office space within each building totals approximately 12,000 square feet, including a reception area, four offices, a conference room, break room/kitchenette, and three restrooms. A 700 square foot mezzanine is accessible from the warehouse area. The property boasts individual electrical, water, and sewer connections for each building, along with high-efficiency LED lighting in the warehouse spaces. The buildings benefit from 3-phase 480-volt/200-amp services. Located at 3402 Longhorn Dr, Houston, TX 77084, this stabilized investment offers a 6.27% cap rate with a pro-forma cap rate of 7.11% and a pro-forma NOI of $470,043. The property sits on 3.71 acres, is conveniently located near the Energy Corridor, and offers easy access to I-10 and Beltway 8. The current leases are for 5-6 years, providing long-term income stability. Reduced insurance premiums result from an on-site fire water tank. This multi-tenant property offers diversified income streams and minimal landlord maintenance responsibilities due to tenant-managed upkeep per lease agreements. The asking price is $7,200,000, or $1,800,000 per unit.

    Property Features for 3402 Longhorn Dr

    General Information

    Property type
    Life science properties
    Square Feet
    38,400 SF
    Class
    B
    Lot Size
    161,608 SF

    Building Details

    Year Built
    2022
    Buildings
    4
    Stories
    1
    Units
    4

    HighLights

    • 6.27% CAP Rate.
    • ±38,400 SF newly constructed business park for sale, fully leased.
    • Four (4) single‑tenant, ±9,600 SF buildings with individual utilities.
    • Energy Corridor location, minutes from amenities and major freeways (I‑10, Beltway 8, Grand Parkway 99).
    • Diversified income stream from four (4) tenants with long‑term (5‑6 year) leases and tenant‑responsible maintenance.
    • Reduced insurance premiums due to on‑site fire water tank.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.66568641343
    Latitude
    29.817954418262

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    FAQs

    What type of property is this?
    Life science property - Houston, TX Industrial Park - $7.2M
    Where is this life science property located?
    The property is located at 3402 Longhorn Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: 6.27% CAP Rate.; ±38,400 SF newly constructed business park for sale, fully leased.; Four (4) single-tenant, ±9,600 SF buildings with individual utilities.
    Request Owner's contact information
    3402 Longhorn Dr Houston, TX 77084
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3402 Longhorn Dr Houston, TX 77084
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