Current Use by Public Records
- Neighborhood centers
Property Details for 11261 Tx-12
- Lot size
- 1.50 lot acres
- Property type
- Neighborhood centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional mixed-use property, located at 11261 Hwy 12 in Orange, Texas, presents a compelling value-add investment opportunity. The 14,000 square foot building sits on a 1.5-acre lot and boasts a strong 7.08% cap rate, generating a net operating income (NOI) of $70,620. The property comprises six units within a single, two-story Class B building, offering a diverse range of rental income streams. Its storefront configuration and strip center layout cater to a variety of retail and office tenants. The strategic location near the intersection of Hwy 12 and Hwy 62 ensures high visibility and ample traffic, maximizing tenant exposure and potential. The property features a convenient sign pole and offers easy access for both customers and tenants. Priced at $998,000, this represents a compelling price per square foot of $78.57. This multi-tenant property is currently for sale by owner and presents a rare opportunity to acquire a well-positioned, income-producing asset in a thriving Texas market. The property's zoning is not specified.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- Texas
- Longitude
- -93.8733
- Latitude
- 30.2081
