Current Use by Public Records
- Warehouses
Property Details for 20086 Franz Rd
- Lot size
- 3.02 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
Exceptional investment opportunity: a 7,200-square-foot flex/warehouse building situated on a 3.022-acre lot in Katy, Texas (77449), at 20086 Franz Rd, Harris County. This single-story building boasts a 22-foot ceiling height and offers 79 parking spaces. Currently generating a strong NOI of $187,164 (8.14% cap rate), with a pro-forma NOI of $210,444 (9.15% cap rate). The property includes two separate tenants, currently on month-to-month leases, but willing to extend for five years. The asking price is $2,299,000. Seller financing is available with a 40% down payment. This turnkey operation features income-producing truck parking, currently fully occupied and generating $12,875 in monthly rent. The property was part of a larger tract and has been subdivided. This rare offering presents a significant opportunity for investors seeking a high-yield industrial property in a prime Katy location.
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
- Katy
- County
- Harris
- State
- Texas
- Longitude
- -95.7323
- Latitude
- 29.8044
