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    1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave Houston, TX 77047

    For Sale
    Contact for pricing

    Mixed-use development opportunity in Houston.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional offering presents two prime land parcels ideally suited for a variety of mixed-use developments. Located in Houston, Harris County, Texas, 77047, these properties boast a combined acreage ranging from approximately 1.92 acres to 4.5 acres. The larger parcel is situated on Cityscape Avenue, while the smaller parcel is located on Orem Road. The precise acreage of each parcel requires further due diligence. This strategic location offers excellent access to major thoroughfares and is conveniently situated just south of the Texas Medical Center and north of Beltway 8 in Pearland, benefiting from surrounding new developments. The zoning is currently unlisted, and potential uses include multi-family residential, big-box retail, medical facilities, or light industrial applications. All city utilities are readily available. This presents a rare opportunity for investors and developers seeking a high-growth area with significant potential for return. The properties are being offered for sale, or build-to-suit services may be available. Further investigation into zoning and development possibilities is recommended. This is an excellent investment opportunity in a rapidly developing area of Houston.

    Property Features for 0 1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • Two parcels available for sale, totaling approximately 6.47 acres.
    • Located in Houston, Harris County, Texas, zip code 77047.
    • Addresses: 1.92 acres on Orem Road and 4.5 acres on Cityscape Avenue.
    • Suitable for mixed‑use development, including multi‑family, retail, medical, or light industrial uses.
    • All city utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.386009328395
    Latitude
    29.627556118166

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    FAQs

    What type of property is this?
    Land - Mixed-use development opportunity in Houston.
    Where is this land located?
    The property is located at 1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave Houston, TX.
    What are key features of this property?
    This property features: Two parcels available for sale, totaling approximately 6.47 acres.; Located in Houston, Harris County, Texas, zip code 77047.; Addresses: 1.92 acres on Orem Road and 4.5 acres on Cityscape Avenue.
    Request Owner's contact information
    1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave Houston, TX 77047
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    Houston, TX 77047
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    Realmo Value Estimation

    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.

    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.

    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
    1.92 Acres Orem Rd @ 4.5 Acres Cityscape Ave Houston, TX 77047
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