Log In/Sign Up
Your email has been sent.
1307 Iowa St 4,000 SF Vacant Industrial Building South Houston, TX 77587 $2,757,860 CAD ($689.46 CAD/SF) 7.94% Cap Rate
EXECUTIVE SUMMARY
- A group of four warehouses currently occupied by long-term tenants, located in South Houston, just south of the Houston CBD, very close to I-45 (Gulf Freeway) and the Sam Houston Tollway, and near Hobby Airport, Loop 610 and Ellington Airfield.
- Two of the four properties were built in 2014; the other two were built in 1979 and have been well maintained and updated.
- Stable, income-producing assets with minimal management and maintenance requirements.
- Two of the four properties were built in 2014; the other two were built in 1979 and have been well maintained and updated.
- Stable, income-producing assets with minimal management and maintenance requirements.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$271,470
|
$67.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$271,470
|
$67.87
|
| Taxes |
$38,759
|
$9.69
|
| Operating Expenses |
$13,789
|
$3.45
|
| Total Expenses |
$52,548
|
$13.14
|
| Net Operating Income |
$218,922
|
$54.73
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $271,470 |
| Annual Per SF | $67.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $271,470 |
| Annual Per SF | $67.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,759 |
| Annual Per SF | $9.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,789 |
| Annual Per SF | $3.45 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $52,548 |
| Annual Per SF | $13.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $218,922 |
| Annual Per SF | $54.73 |
PROPERTY FACTS
| Price | $2,757,860 CAD | Building Class | C |
| Price Per SF | $689.46 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 4,000 SF |
| Cap Rate | 7.94% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1979/2014 |
| Price | $2,757,860 CAD |
| Price Per SF | $689.46 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.94% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.16 AC |
| Rentable Building Area | 4,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2014 |
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advantage Parts Supplies
- Manufacturing
- 4,000 SF
- $14.48 CAD
- Triple Net
- Jun 2027
- Carpenter Shop
- Manufacturing
- 4,750 SF
- $9.75 CAD
- Triple Net
- -
- Machine Shop
- Manufacturing
- 10,000 SF
- $16.55 CAD
- Triple Net
- Jul 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advantage Parts Supplies | Manufacturing | 4,000 SF | $14.48 CAD | Triple Net | Jun 2027 | |
| Carpenter Shop | Manufacturing | 4,750 SF | $9.75 CAD | Triple Net | - | |
| Machine Shop | Manufacturing | 10,000 SF | $16.55 CAD | Triple Net | Jul 2026 |
1 1
PROPERTY TAXES
| Parcel Number | 0340110190013 | Total Assessment | $426,749 CAD (2025) |
| Land Assessment | $117,994 CAD (2025) | Annual Taxes | $38,759 CAD ($9.69 CAD/SF) |
| Improvements Assessment | $308,755 CAD (2025) | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
0340110190013
Land Assessment
$117,994 CAD (2025)
Improvements Assessment
$308,755 CAD (2025)
Total Assessment
$426,749 CAD (2025)
Annual Taxes
$38,759 CAD ($9.69 CAD/SF)
Tax Year
2024 Payable 2025
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1307 Iowa St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.