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    1065 Olin Mathieson Rd Pasadena, TX 77506

    For Sale
    $35,000,000

    ±341 Acres, Rail Access, $35M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial land offering encompasses approximately 142 to 199 acres in Pasadena, Texas, located at 1065 Olin Mathieson Rd, 77506, within Harris County. Priced at $35,000,000, this property presents a unique investment opportunity due to its advantageous features. The land is comprised of linear, rectangular parcels, maximizing usable acreage compared to irregularly shaped plots. A significant benefit is the existing easement providing access to a comprehensive piping network. This network includes crucial utilities such as natural gas, oxygen, nitrogen, and ammonia, significantly reducing infrastructure development costs for potential buyers. Furthermore, the property enjoys direct adjacency to the Pasadena Rail Terminal (PTR), offering convenient access to both the BNSF and UP railroad lines, ideal for logistics and transportation-intensive businesses. Finally, the property's location within a designated Opportunity Zone may allow purchasers to qualify for substantial tax credits, enhancing the overall return on investment. This strategic location, coupled with its infrastructure advantages and potential tax benefits, makes this a compelling opportunity for large-scale commercial development. The property's size and features make it suitable for a wide range of industrial, logistics, or manufacturing projects.

    Property Features for 1065 Olin Mathieson Rd

    General Information

    Property type
    Land
    Lot Size
    6,185,520 SF

    HighLights

    • High rectangular parcel maximizes usable acreage.
    • Property includes easement access to extensive utility network (natural gas, oxygen, nitrogen, ammonia).
    • Direct BNSF and UP rail access via adjacent rail spur.
    • Located in an Opportunity Zone, potentially offering tax credits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pasadena
    County
    Harris
    State
    Texas
    Longitude
    -95.1890288
    Latitude
    29.7363873

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    FAQs

    What type of property is this?
    Land - ±341 Acres, Rail Access, $35M
    Where is this land located?
    The property is located at 1065 Olin Mathieson Rd Pasadena, TX.
    What is the asking price?
    The asking price for this property is $35,000,000.
    What are key features of this property?
    This property features: High rectangular parcel maximizes usable acreage.; Property includes easement access to extensive utility network (natural gas, oxygen, nitrogen, ammonia).; Direct BNSF and UP rail access via adjacent rail spur.
    (713) 577-1735
    Request Owner's contact information
    1065 Olin Mathieson Rd Pasadena, TX 77506
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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
    1065 Olin Mathieson Rd Pasadena, TX 77506
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