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Property profile

1720 Fm 1960 Rd Houston, TX 77073

Other warehouses
Property ID
US82-2148744
View Sample
15,640 SF 3.61 ac lot Built 2008
Entity Owned 9-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

The industrial complex is located at the intersection of Hardy Toll Road and FM 1960, with access points from both FM 1960 and Meyer Road and proximity to Hardy Toll Road, I-45, Grand Parkway, and Beltway 8. The site consists of four industrial buildings totaling 70,000 square feet on 7 acres, fully fenced and gated. Building 1 contains 23,200 square feet, including 3,800 square feet of office space, clear heights of 12 to 20 feet, two dock-high doors and one semi-dock, and was built between 1995 and 2005. Building 2 contains 14,400 square feet, including 500 square feet of office space, a 16-foot clear height, and two dock-high doors, and was built in 2000. Building 3 contains 15,000 square feet in shell condition with a 22-foot clear height, one dock-high door, and two grade-level doors, and was built in 2007. Building 4 contains 15,000 square feet in shell condition, is crane-ready, has a 24-foot clear height, and was built in 2009. All buildings are insulated and equipped with pit levelers and 480V, 3-phase electric power, and the site has visibility from FM 1960 with room for additional buildings and/or stabilized outside storage.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2008
Construction METAL FRAME
Total area 15,640 SF
Lot 3.61 ac (157,382 SF)
APN 1312500010001
UPID US82-2148744

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

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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