3402 Longhorn Dr Houston, TX 77084-4104
Property profile & analytics
3402 Longhorn Dr Houston, TX 77084-4104
- Warehouses
- 9,740 SF
- 1.29 lot acres
Property ID
US82-7372533
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 3402 Longhorn Dr
- Year built
- 2022
- Construction
- STEEL FRAME
- Lot size
- 1.29 lot acres
- Property size
- 9,740 SF
- Property type
- Warehouses
- APN
- 440600000017
- APU
- 440600000017
Description
This exceptional 38,400 square foot industrial business park presents a prime investment opportunity in Houston, Texas. Built in 2022, this Class B property comprises four individual, single-tenant buildings, each approximately 9,600 square feet. Each building features 16-foot ceilings, three 14' x 14' overhead doors, and a fenced private yard. The office space within each building totals approximately 12,000 square feet, including a reception area, four offices, a conference room, break room/kitchenette, and three restrooms. A 700 square foot mezzanine is accessible from the warehouse area. The property boasts individual electrical, water, and sewer connections for each building, along with high-efficiency LED lighting in the warehouse spaces. The buildings benefit from 3-phase 480-volt/200-amp services. Located at 3402 Longhorn Dr, Houston, TX 77084, this stabilized investment offers a 6.27% cap rate with a pro-forma cap rate of 7.11% and a pro-forma NOI of $470,043. The property sits on 3.71 acres, is conveniently located near the Energy Corridor, and offers easy access to I-10 and Beltway 8. The current leases are for 5-6 years, providing long-term income stability. Reduced insurance premiums result from an on-site fire water tank. This multi-tenant property offers diversified income streams and minimal landlord maintenance responsibilities due to tenant-managed upkeep per lease agreements. The asking price is $7,200,000, or $1,800,000 per unit.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.6649
- Latitude
- 29.8181
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,534
$205,708
$552,285
$757,993
-
$205,708
$552,285
$757,993
