Technical
Financial
Distress signals
Property profile

19233 Fm 1485th Rd New Caney, TX 77357

OFF-MARKET
Manufacturing properties
Property ID
US83-2470787
1,428 SF 30.58 ac lot Built 1980
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, Class B industrial property ideally situated in New Caney, Texas. The property encompasses a substantial 55,000 square feet on a 32-acre lot, including approximately 13 acres of heavily stabilized yard space. Built in 1985 and renovated in 2018, this one-story building boasts a 20-foot ceiling height, providing ample storage and operational space. The property benefits from 660 feet of frontage along FM 1485, offering excellent visibility and accessibility. Its strategic location provides convenient access to major transportation arteries, including the Grand Parkway 99 and Highway 59. The property features 3-phase heavy power and is situated in an opportunity zone. An absolute NNN lease is currently in place, extending through December 31, 2027, with a tenant boasting over 25 years in business. Seller financing is available, making this a compelling investment prospect with a strong 8.00% cap rate. The property is unrestricted, further enhancing its investment potential. This is a rare opportunity to acquire a well-located, income-producing industrial asset with significant upside.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1980
Total area 1,428 SF
Lot 30.58 ac (1,332,065 SF)
Zoning code 5
APN 0482-00-02300
UPID US83-2470787

Cap rate & NOI

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

Location

19233 Fm 1485th Rd New Caney, TX 77357-3745
New Caney metro Census 692702 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$95k

Owner & transaction history

Zoning & alternative use

5 · New Caney, TX

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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