Property profile

17905 Hwy 69 Lindale, TX 75771

OFF-MARKET
Refrigerated & Cold Storage
74,452 SF 71.85 ac lot Built 1970
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Property summary

AI-generated overview

This expansive 71.85-acre industrial property in Lindale, Texas, presents a unique investment opportunity. Located at the northwest corner of US Hwy 69 N and Stewart Street, this site boasts exceptional visibility and access. The property includes a 74,452 square foot main warehouse building, constructed of steel and masonry with brick and metal siding, currently undergoing a new roof installation (August 2024). Additional structures include a 4,048 square foot shop/warehouse and a 640 square foot pump house. Extensive improvements from its previous use as a wholesale nursery remain, including approximately 73 greenhouses totaling 304,492 square feet, and 63 sun fields covering 9.3 acres. The property features significant concrete and asphalt paving, chain link fencing, and a 157-foot cell/radio tower. A robust irrigation system, supported by four 460-foot deep wells and a large reservoir, services the entire site. The property is comprised of eight adjacent tracts, with portions zoned MU-1 (Light Industrial) and other portions unzoned. Utilities including electricity, city water, sewer, natural gas, high-speed internet, and cable service are available. The site's topography is varied, including level and sloping areas, with a small portion within the 100-year floodplain. This vacant property offers significant potential for redevelopment and various commercial ventures, given its size, location, and existing infrastructure. The property's APN numbers are: 100000111800029010, 100000111800009030, 100000111800009011, 100000111800008020, 100000111800006050, 100000111800008000, 100000111800009010.

Property profile

Verified
Property type Refrigerated & Cold Storage
Year built 1970
Total area 74,452 SF
Lot 71.85 ac (3,129,917 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

17905 Hwy 69 Lindale, TX 75771
Lindale metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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