19233 Fm 1485th Rd New Caney, TX 77357-3745
- Manufacturing properties
- 1,428 SF
- 30.58 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 19233 Fm 1485th Rd
- Year built
- 1980
- Lot size
- 30.58 lot acres
- Property size
- 1,428 SF
- Zone code
- 5
- Property type
- Manufacturing properties
- APN
- 0482-00-02300
- APU
- 4820002300
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Caney
- County
- Montgomery
- State
- Texas
- Longitude
- -95.2351
- Latitude
- 30.1721
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
