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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage

2820-2902 Caroline St Houston, TX 77002

10,000 SF 1.66 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.66-acre infill site in Houston's Midtown offers a unique redevelopment opportunity. Located at 2820-2902 Caroline Street, this property boasts existing utilities (City of Houston) and benefits from the recently completed Caroline Street reconstruction, providing excellent frontage. The site is zoned for industrial use (no zoning restrictions), and Midtown's exemption from minimum parking regulations offers significant flexibility for development. Building sizes can range from 10,000 to 62,492 square feet, with the possibility of purchasing the properties together or separately. This location is strategically positioned within Houston's burgeoning Innovation Corridor, just two blocks from the Metro Rail Red Line, and importantly, it lies outside the 100-year and 500-year floodplains. Further enhancing its appeal, this property is situated within a Qualified Opportunity Zone (QOZ), presenting attractive tax advantages for investors. The site is suitable for various industrial uses, including warehouse, manufacturing, and refrigerated/cold storage facilities. The seller may consider leasing options. This is a rare chance to acquire a prime industrial property in a rapidly developing area of Houston.

Property profile
Verified
Property type Refrigerated & Cold Storage
Total area 10,000 SF
Lot 1.66 ac (72,310 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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