NEW LOWER PRICE! - Warehouse/Office Combo | 20 28th 1/2 St S
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NEW LOWER PRICE! - Warehouse/Office Combo 20 28th 1/2 St S
4,500 SF Industrial Building Texas City, TX 77590 $395,000 ($88/SF) 10.93% Cap Rate
Investment Highlights
- Nice Glass Storefront Windows
- Heavy Power Supply to Bldg.
- Major Industrial Activity in Area
- Easy Access off Main Hwy
- Fenced Storage Yard
- Good Ratio of Office to Warehouse Space
Executive Summary
Fantastic opportunity here for Owner/User or Investor for Rental Income....Very Nice Building that was Renovated Inside in 2021 and Roof Replaced...Multiple Offices and Storage Areas...Large Warehouse Area WITH A/C... Building Appears to have TWO 200-amp services...10.9% CAP RATE IS PRO-FORMA BASED ON PURCHASE FOR RENTAL INVESTMENT...Current Owner/User is willing to lease back for a short period as he transitions out...SEE PROFORMA CAP RATE in Attachments... This is a Must See to appreciate Property!... Call Agent for Market Rent Rates and for Appointment to Tour...Come by, take a look!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,780
|
$12.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,780
|
$12.84
|
| Taxes |
$9,626
|
$2.14
|
| Operating Expenses |
$5,000
|
$1.11
|
| Total Expenses |
$14,626
|
$3.25
|
| Net Operating Income |
$43,154
|
$9.59
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $57,780 |
| Annual Per SF | $12.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,780 |
| Annual Per SF | $12.84 |
| Taxes | |
|---|---|
| Annual | $9,626 |
| Annual Per SF | $2.14 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.11 |
| Total Expenses | |
|---|---|
| Annual | $14,626 |
| Annual Per SF | $3.25 |
| Net Operating Income | |
|---|---|
| Annual | $43,154 |
| Annual Per SF | $9.59 |
Property Facts
Amenities
- Fenced Lot
- Security System
- Yard
- Fluorescent Lighting
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
PROPERTY TAXES
| Parcel Number | 7048-0001-0011-000 | Total Assessment | $433,963 (2023) |
| Land Assessment | $18,300 (2023) | Annual Taxes | $9,626 ($2.14/SF) |
| Improvements Assessment | $415,663 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7048-0001-0011-000
Land Assessment
$18,300 (2023)
Improvements Assessment
$415,663 (2023)
Total Assessment
$433,963 (2023)
Annual Taxes
$9,626 ($2.14/SF)
Tax Year
2024
zoning
| Zoning Code | COMMERCIAL (Industrial - Retail) |
| COMMERCIAL (Industrial - Retail) |
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NEW LOWER PRICE! - Warehouse/Office Combo | 20 28th 1/2 St S
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