Warehouse - Office / Multi- purpose | 15375 1st St
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Warehouse - Office / Multi- purpose 15375 1st St
21,586 SF Vacant Office Building Splendora, TX 77372 $1,599,000 ($74/SF) 8% Cap Rate
Investment Highlights
- Ideal for Business: Perfect for industrial or construction-related ventures in a strategic, growth-oriented location.
- Prime Location: Situated on a 13.32-acre lot in Splendora, TX, with easy access to the Houston area via US Highway 59.
- Expansive Space: 21,586 sq. ft. property, including 2,836 sq. ft. of office space and 18,750 sq. ft. of warehouse space.
- Warehouse: Features durable concrete flooring, insulated walls and ceilings, and a 20-foot eave height.
- Versatile Office Area: Two-story main office plus 1,916 sq. ft. living quarters, easily adaptable for business use.
Executive Summary
Prime investment and versatile commercial property in Splendora, TX! This expansive 21,586 sq. ft. space includes 2,836 sq. ft. of office space and 18,750 sq. ft. of warehouse space, blending functionality with growth potential. The office area features a two-story main office and a 1,916 sq. ft. space currently used as living quarters, easily convertible for business use. Located on a vast 13.32-acre lot with excellent access to the Houston area via US Highway 59, this property boasts durable warehouse features, including concrete flooring, insulated walls, and a 20-foot eave height. Fully serviced with city utilities, electricity, and high-speed internet, it’s ideal for industrial or construction-related businesses. Perfect for a dynamic business seeking a strategic location.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Office
Property Subtype
Building Size
21,586 SF
Building Class
C
Year Built/Renovated
1982/2010
Price
$1,599,000
Price Per SF
$74
Cap Rate
8%
NOI
$127,920
Percent Leased
Vacant
Building Height
2 Stories
Typical Floor Size
10,793 SF
Building FAR
0.04
Lot Size
13.33 AC
Zoning
5 - Montgomery County does not enforce zoning ordinances, but the City of Splendora does. Recently, the City of Splendora implemented zoning regulations w
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PROPERTY TAXES
| Parcel Number | 0594-01-04702 | Improvements Assessment | $657,360 |
| Land Assessment | $1,740,100 | Total Assessment | $2,397,460 |
PROPERTY TAXES
Parcel Number
0594-01-04702
Land Assessment
$1,740,100
Improvements Assessment
$657,360
Total Assessment
$2,397,460
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Warehouse - Office / Multi- purpose | 15375 1st St
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