1004 Martin Luther King Ave Wortham, TX 76693
This exceptional industrial property, located at 1004 N Martin Luther King Avenue in Wortham, Texas, presents a significant investment opportunity. The expansive building, formerly occupied by CPI, boasts approximately 97,426 square feet of space, ideal for a variety of industrial uses. Constructed in 1978 and substantially renovated in 2005, the property is in good condition and ready for immediate occupancy. The substantial 21.19-acre lot provides ample room for expansion, storage, or additional development. Its strategic location offers convenient access to major transportation routes. Situated just 10 miles from Interstate 45 via Highway 14 and Richland, this property benefits from excellent connectivity to regional and national transportation networks, facilitating efficient logistics and distribution. The property's size and location make it an attractive option for businesses seeking a large-scale industrial facility in a well-connected area. This is a rare opportunity to acquire a substantial industrial property with significant potential for growth and return on investment. The property is priced at $2,950,000. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.