3808 Knapp Rd Pearland, TX 77581-2308

Property Details for 3808 Knapp Rd

Year built

1982

Lot size

3.01 lot acres

Property size

3,280 SF

Property type

Warehouses

APN

0542-0015-150

APU

5420015150

Description

This exceptional investment opportunity presents a 12,319-square-foot warehouse situated on a spacious 3.01-acre lot in Pearland, Texas. The property, built in 1982, comprises two buildings and offers a desirable combination of features including 3,232 square feet of office space, a 14-foot clear height, three drive-in loading docks, and ample outdoor storage space. The metal construction and roofing ensure durability, while the three-phase heavy power (208 amps) caters to diverse industrial needs. With 41 parking spaces, the property is well-equipped to handle employee and visitor parking. Currently vacant, this property presents a unique opportunity for owner-occupancy or as a value-add investment through lease-up. Its strategic location just off State Highway 35 and with proximate access to the Texas 8 Beltway (Sam Houston Tollway) provides excellent accessibility and visibility. The asking price is $1,750,000, representing a price per square foot of $142.06 and a pro-forma cap rate of 10.29% with a pro-forma NOI of $180,000. The property is offered fee simple. This is a rare opportunity to acquire a well-located, versatile industrial warehouse in a thriving market. The low building coverage ratio of 9% highlights the significant potential for future expansion or development.