Technical
Financial
Distress signals
Property profile

402 Carrell St Tomball, TX 77375

OFF-MARKET
Warehouses
Property ID
US82-4528909
6,900 SF 2.42 ac lot Built 2001
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 402 Carrell St, Tomball, TX 77375, offers a unique opportunity for a variety of businesses. The 7,800 square foot freestanding building sits on a 2.4-acre lot, providing ample space for operations and potential expansion. The property includes a fully operational machine shop with all fixtures, furniture, and equipment available for an additional $300,000. The approximately 2,800 square foot office area boasts a reception area, three private offices, a large break room/kitchenette, two restrooms, and storage. The warehouse features a 14' x 14' grade-level roll-up door with a 30' x 30' covered loading area, four half-ton jib cranes, and a 25' clear height with 20' eave height. The property benefits from 3-phase power (480-volt/600-amp with neutral wire), is fully fenced and gated, and has over 0.75 acres of stabilized area. Four driveways provide excellent access, with two ingress/egress points from both Carrell Street and Hospital Street. Enjoy great visibility with over 300 feet of frontage on Carrell Street and over 330 feet on Hospital Street. This prime location is just 1.5 miles east of SH 249 and less than 5 miles north of the Grand Parkway (99). Located in Harris County, within the City of Tomball and Tomball ISD, the 2023 tax rate is $2.09 per $100 of assessed value. Asking price is $1,600,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2001
Construction METAL FRAME
Total area 6,900 SF
Lot 2.42 ac (105,598 SF)
APN 352830000136
UPID US82-4528909

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer

Location

402 Carrell St Tomball, TX 77375-4803
Tomball metro Census 555401 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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