19233 Fm 1485th Rd New Caney, TX 77357-3745
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
5 · New Caney, TXNew Caney. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.