Property profile

418 Clifton St Houston, TX 77011

OFF-MARKET
Warehouses
Property ID
US82-0230012
10,170 SF 0.7 ac lot Built 1982
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 26,476-square-foot freestanding industrial building, situated on 1.49 acres, presents a unique leasing opportunity. The single-story structure boasts a recently renovated metal construction, featuring 16' to 21' clear ceiling heights, ideal for various manufacturing operations. The property includes three grade-level loading docks, enhancing operational efficiency. Heavy lifting is facilitated by one 20-ton and one 5-ton bridge crane. Power is provided by 3-phase, 480v, approximately 600 amp service. Approximately 1,000 square feet of HVAC-equipped lab space is also available. The property benefits from a new roof (2021) and is located outside the floodplain. An additional benefit is the approximately 0.83-acre fully fenced and gated yard, with natural gas available on-site. Potential for additional yard space exists. This property is situated in a rapidly developing area with convenient access to Harrisburg Boulevard and is designated as a Qualified Opportunity Zone (QOZ). Estimated monthly operating expenses are $0.30 per square foot ($8,046 per month). The property is available for occupancy in November 2024.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1982
Construction METAL FRAME
Total area 10,170 SF
Lot 0.7 ac (30,627 SF)
APN 380530000008
UPID US82-0230012

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
  • Energy Supplier

Location

418 Clifton St Houston, TX 77011-4312
Houston metro Census 310500 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
$1.15M
Comparable Approach Comparable
$892k
Blend (final) Blend
$865k

Owner & transaction history

since 2005
3 recorded transactions
2005
Price N/A
1998
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.4M +127.9%
Apartment house (5+ units) $1.1M +78.1%
Retail stores $900,000 +49.9%

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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