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Property profile & analytics
OFF-MARKET
Industrial properties

1004 Martin Luther King Ave Wortham, TX 76693

21.19 ac lot Built 1981
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Year built 1981
Lot 21.19 ac (923,036 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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