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Property profile & analytics
OFF-MARKET Estimated value $2,425,000
Distribution centers

2602 Genoa Red Blf Rd Houston, TX 77034-4121

149,530 SF 11.9 ac lot Built 2023
Entity Owned Absentee Owner Free & Clear
Property ID
US82-8098037
Property summary
AI-generated overview

This exceptional Houston industrial property, located at 2602 Genoa Red Bluff Rd, offers a total of approximately 145,842 square feet of space, divisible to 42,554 square feet. Currently, approximately 88,609 square feet is available for immediate occupancy. The property features a 36-foot clear height, twenty 9' x 10' dock-high doors, and one 12' x 14' drive-in door. Ample parking is provided with 26 trailer spaces and 39 auto spaces, complemented by a 130-foot truck court. A 2,631 square foot spec office is currently under construction. The building boasts an ESFR sprinkler system and 3-phase power (1,000 amps). Situated on an 11.94-acre lot in Harris County, Texas (zip code 77034), this property benefits from a 2.686337% tax rate and is not located within a floodplain. The property is offered for sale by owner with a pro-forma NOI of $477,323.28 and is leased under a NNN (Triple Net) lease structure. This multi-tenant property presents a compelling investment opportunity in a prime Houston location. The sale includes the existing building and land.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2023
Total area 149,530 SF
Lot 11.9 ac (518,273 SF)
APN 1501390010001
UPID US82-8098037
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.43M
Owner & transaction history
GENOA PARTNER INVESTMENT
GENOA PARTNER INVESTMENT
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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