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    Highland Cross Dr Houston, TX 77073

    For Sale
    $2,502,630

    3.43 Acres, High Traffic Area, Reduced Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.43-acre commercial land parcel presents a compelling investment opportunity in Houston, Texas. Strategically located on the southeast corner of Highland Cross Drive and Gatewick Lane, this property boasts over 530 feet of frontage on Highland Cross Drive and over 250 feet on Gatewick Lane. Its prime location offers unparalleled visibility, situated just 1,500 feet from I-45 and 450 feet from FM 1960, benefiting from high daily traffic counts exceeding 27,000 vehicles on FM 1960 and over 176,000 on I-45. The land is partially cleared and situated in a high-density retail and residential area. The property is conveniently located only three miles northwest of George Bush Intercontinental Airport and approximately one mile from the Hardy Tollway. Further enhancing its appeal, this property is not located within a flood plain, according to FEMA maps, and utilities are readily available through North Park PUD. Located in Harris County, Spring ISD, and within the North Park PUD, the property has a 2022 combined tax rate of $2.27 per $100 of assessed value. A complete survey and demographic data package is available upon request. The asking price is $2,502,630, translating to a land value of $16.75 per square foot. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Houston market.

    Property Features for 0 Highland Cross Dr

    General Information

    Property type
    Land
    Lot Size
    149,411 SF

    HighLights

    • 3.43 acres of partially cleared land for sale.
    • High‑visibility corner lot at Highland Cross Drive & Gatewick Lane; 530+ ft. frontage on Highland Cross, 250+ ft. on Gatewick Lane.
    • Prime location: 1,500 ft. from I‑45, 450 ft. from FM 1960.
    • High‑traffic area: 27,000+ vehicles/day on FM 1960, 176,000+ vehicles/day on I‑45; high‑density retail & residential.
    • Non‑flood plain property (per FEMA).
    • Utilities available via North Park PUD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.423131
    Latitude
    30.025175

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    FAQs

    What type of property is this?
    Land - 3.43 Acres, High Traffic Area, Reduced Price
    Where is this land located?
    The property is located at Highland Cross Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $2,502,630.
    What are key features of this property?
    This property features: 3.43 acres of partially cleared land for sale.; High-visibility corner lot at Highland Cross Drive & Gatewick Lane; 530+ ft. frontage on Highland Cross, 250+ ft. on Gatewick Lane.; Prime location: 1,500 ft. from I-45, 450 ft. from FM 1960.
    (281) 898-0895
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    Highland Cross Dr Houston, TX 77073
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    Houston, TX 77073
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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
    Highland Cross Dr Houston, TX 77073
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