Crosby Paint and Body
14,700 SF Light Industrial | Value-Add | 40% ROI | Crosby TX | Owner/User or Investment
Marketing description
A rare value-add light industrial opportunity in Crosby, Texas. The offering consists of two freestanding buildings totaling 14,700 square feet (Building A: 7,200 SF | Building B: 7,500 SF) situated on a 36,000 square foot lot with direct frontage on FM 2100, one of the primary commercial corridors serving the Crosby and East Harris County market.
The property is currently configured as an active automotive service facility and is well-suited for continuation as an auto-related business, conversion to contractor or trade space, or subdivision into multiple light industrial tenancies. Building B currently has a tire shop tenant in place on a month-to-month lease at $3,200 per month, providing immediate cash flow from day one.
The facility features a professionally appointed office suite with reception area, multiple roll-up overhead doors, heavy electrical service (50-amp/240V), and a dedicated paint booth available separately. The property is priced at $990,000 ($67.35/SF)
A $250,000 renovation budget is projected to fully stabilize the asset, yielding a pro-forma NOI of $129,596 per year and a stabilized value of $1,787,534 at a 7.25% exit cap rate. The total projected return on investment is 40.8% for an investor executing the value-add business plan.
The property is positioned to capture the growing demand for automotive service, contractor, and light industrial space driven by the expanding workforce and residential growth in Crosby, Baytown, and the surrounding East Harris County industrial corridor.
A full Confidential Offering Memorandum is available upon execution of a Non-Disclosure Agreement. Contact the listing brokers for details.
Co-Listed by Brent Arents TX Lic: 792064 and Samuel Smith TX Lic: 697734 | Walzel Properties LLC
Investment highlights
- 14,700 SF across two freestanding buildings on a 36,000 SF lot
- Priced at $67.35/SF, well below replacement cost
- Tire shop tenant in place providing $3,200/month in immediate income
- Pro-forma NOI of $129,596/year upon stabilization
- 40.8% projected ROI on total investment of $1,269,700
- 10.21% cap rate on cost after $250,000 renovation
- Stabilized exit value of $1,787,534 at 7.25% market cap rate
- Direct FM 2100 frontage with 31,000+ vehicles per day
- Heavy electrical service (50-amp/240V) in place
- Multiple roll-up doors and flexible floor plan
- Suitable for owner/user, investor, or owner/operator with tenant
- Located in the heart of the Crosby/Baytown East Harris County industrial corridor
- Full OM and NDA available upon request
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