Description

19350 Farm to Market Road 1093 is a single-tenant flex and light industrial property for sale in Richmond, TX 77407. The 12,000 SF building combines 22 FT clear height with dock-high and grade-level access, giving industrial buyers a defined operating profile.

The building has 10 dock-high doors and 10 grade-level doors, a combination that supports different approaches to loading and movement through the property. Its 22 FT clear height adds vertical capacity to the 12,000 SF building. The property sits on 4.34 acres, giving buyers land area to consider alongside the building’s physical specifications without assuming a particular use for it. Renovated in 2016, the single-tenant property is 100% occupied by Caliber Collision. For an investor, the door configuration and clear height are concrete features of the real estate behind the existing tenancy.

The asking price is $6,260,730, or $521.73 PSF, with a 5.75% cap rate and $359,992 in NOI. Stabilized NOI is also $359,992. In-place rent is $30.00/SF/yr, and the WALT is 15 years. Together, those figures place the income stream and lease duration at the center of the investment case, while the 4.34-acre site and industrial building provide the underlying real estate. At $1,442,564.52 per acre, the offering gives buyers another way to view the pricing against the land area. The opportunity is to acquire an occupied, single-tenant industrial property with a long WALT and established income.