Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Land Near Major Freeways Title is generated by Realmo AI

    131-133 Northpoint Drive, Houston, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    One acre of cleared land near I-45 and Beltway.

    Type:LAND
    Lot size:
    1.00 Acre
    Added:
    Sep 9, 2021
    Days on Market:
    1733
    Last Refresh:
    May 20 at 8:13 pm

    Property Features for 131-133 Northpoint Drive

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    LAND

    We can help!

    Listing Contact
    Alex Wisnoski
    Alex Wisnoski

    Listing agent Alex Wisnoski License #465800

    Listing office Texas CRES

    Listing date Sep 9, 2021

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Texas CRES

    HighLights

    • Excellent redevelopment opportunity for office, retail, light industrial, and multi‑family uses.
    • Strategically located one block from I‑45 and Beltway 8, and less than 1.5 miles from the Hardy Toll Road, providing easy access to major freeways and IAH Airport.
    • High‑density area with significant traffic volume: over 333,000 vehicles per day on I‑45 and over 192,700 vehicles per day on Beltway 8.
    • Approximately 1 acre of mostly cleared land.
    • City of Houston utilities available to the site.
    • Approximately 180 feet of frontage on Northpoint Drive.

    Overview

    This property features approximately one acre of mostly cleared land, situated one block from I-45 and Beltway 8, and less than 1.5 miles from the Hardy Toll Road. The site offers a redevelopment opportunity for office, retail, light industrial, and multi-family uses. It is located close to IAH Airport, with access to major freeways, schools, and retail. City of Houston utilities are available to the site. The property has approximately 180 feet of frontage on Northpoint Drive. It is located in a high-density area with an average traffic volume of over 333,000 vehicles per day on I-45 and over 192,700 vehicles per day on Beltway 8. The property is situated in Harris County, within the City of Houston, North Houston District, and Aldine ISD. The total tax rate is $2.57 per $100 of assessed value for 2022.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.4058
    Latitude
    29.9385

    Nearby Similar for Sale

    • $6,500,000

      Newly Built Express Car Wash

      2025-built express wash with modern Sonny's equipment, positioned for strong corridor demand.
      3703 Highway 6 S, Houston, TX 77082
      View Details
    • $950,000

      Office-Warehouse Flex Building

      Versatile flex building with finished office space and climate-controlled warehouse suited for light industrial, service, or logistics use.
      11043 Jones Road, Houston, TX 77070
      View Details
    • $1,100,000
      1,102 SF

      Prime Commercial Land in Houston

      High-visibility land suitable for retail, medical, office, or service development.
      523 Sheldon, Houston, TX 77530
      View Details
    • $1,300,000

      Remodeled Full Service Car Wash

      Remodeled in 2024 full service car wash on a busy Houston corridor, offering partnership-style ownership for investors.
      12573 Richmond Avenue, Houston, TX 77082
      View Details
    • $585,000
      3,440 SF

      Townhouse-Style Duplex Near NRG Stadium

      Duplex near NRG Stadium, medical center, and downtown Houston.
      5140 Mallow Street, Houston, TX 77033
      View Details
    • $475,000
      2,236 SF

      Modern Duplex Near Houston Hobby

      Two-story duplex built in 2020, convenient location, tenant-occupied.
      6501 Osprey Drive, Houston, TX 77048
      View Details
    • $875,000
      1,952 SF

      Renovated Corner Retail Building

      Recently renovated corner retail building with two access points and ample parking on a busy hard corner.
      2106-2110 Antoine Dr, Houston, TX 77055
      View Details
    • $795,000
      6,465 SF

      Move-in Ready Office Condo

      High-quality office space in a prime Houston location.
      12802 Willow Centre Drive, Houston, TX 77066
      View Details
    • $2,249,000
      5,908 SF

      Updated Office Building in Montrose

      Turnkey 5,908 SF office building on 12,250 SF lot.
      4305 Yoakum Blvd., Houston, TX 77006
      View Details
    • $2,900,000
      28,748 SF

      Industrial Warehouse with Multiple Grade Doors

      Metal industrial facility with 16’ clear height, office space, and five grade-level doors, featuring a partial five-year leaseback.
      222 Wynne St, Houston, TX 77009
      View Details
    • $111,500

      Houston Corner Lot Opportunity

      Corner lot near downtown Houston, ideal for development or investment.
      3616 Farmer Street, Houston, TX 77020
      View Details
    • $465,000
      3,000 SF

      Industrial Warehouse Near I-45

      Industrial warehouse with offices, restrooms, and roll-up doors.
      6715 ALMEDA GENOA RD, Houston, TX 77075
      View Details

    FAQs

    What type of property is this?
    Land - One acre of cleared land near I-45 and Beltway.
    Where is this land located?
    The property is located at 131-133 Northpoint Drive Houston, TX.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity for office, retail, light industrial, and multi‑family uses.; Strategically located one block from I‑45 and Beltway 8, and less than 1.5 miles from the Hardy Toll Road, providing easy access to major freeways and IAH Airport.; High‑density area with significant traffic volume: over 333,000 vehicles per day on I‑45 and over 192,700 vehicles per day on Beltway 8.
    (281) 415-1913 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Wisnoski
    Alex Wisnoski
    Real Estate License ID: 465800
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    131-133 Northpoint Drive, Houston, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!