Technical
Financial
Distress signals
Property profile

2636 Fountain Vw Dr Houston, TX 77057

OFF-MARKET
Office buildings
Property ID
US82-0301065
90,896 SF 6.28 ac lot Built 1979
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6.28-acre commercial land parcel presents a remarkable redevelopment opportunity in Houston, Texas. Located at 2636 Fountain View Drive, in the northwest quadrant of Fountain View Drive and Westheimer Road, this property enjoys a highly desirable location within close proximity to the Uptown/Galleria area. Its strategic position offers unparalleled access to major thoroughfares, including the 610 Loop, Highway 59, and the Westpark Tollway, ensuring excellent connectivity and high visibility. Currently occupied by the Houston Housing Authority headquarters, this site is ripe for transformation. The infill location makes it ideal for a variety of development projects, particularly multifamily developments or other high-density uses. The property's substantial size and prime location in a thriving area of Houston offer significant potential for substantial returns on investment. The address is 2636 Fountain View Drive, Houston, Harris County, Texas, 77057. The property's coordinates are 29.739483 latitude and -95.4856159 longitude. This is a rare opportunity to acquire a large tract of land in one of Houston's most sought-after areas. Serious inquiries are encouraged.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 90,896 SF
Lot 6.28 ac (273,544 SF)
APN 990760000003
UPID US82-0301065

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2636 Fountain Vw Dr Houston, TX 77057-7606
Houston metro Census 431302 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$425k

Owner & transaction history

since 2014
7 recorded transactions
2014
Price N/A
2013
Price N/A
2008
Price N/A
2004
Price N/A
1996
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $4.5M +62.8%
Apartment house (5+ units) $3.1M +12.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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