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    Lake Houston Pkwy Houston, TX 77339

    For Sale
    Contact for pricing

    Kingwood, TX prime commercial lots

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional master-planned commercial development in Kingwood, Texas, presents a unique investment opportunity. Located at the prime corner of West Lake Houston Parkway and Mills Branch Drive – a soon-to-be four-way lighted intersection – this property offers lots ranging from 0.5 to 48 acres, with land prices from $6.95 to $25 per square foot. The site benefits from strong demographics, with over 2,200 homes within a one-mile radius, including the new Royal Brook village developed by Friendswood Development and the upcoming 440-lot Royal Pines residential development by Ashton Woods. This area is currently underserved in retail, multi-family, and medical sectors, presenting significant potential for growth. Infrastructure is well-prepared, with water/sewer capacity reserved with the City of Houston for up to 350 multi-family units and a Harris County Flood Control-approved drainage study. Utilities are readily available. The property's location within the sought-after Humble ISD school district further enhances its appeal for multi-family developments. This rapidly growing corridor offers a compelling opportunity for businesses to capitalize on a thriving market with no new multi-family sites built within a two-mile radius in the last decade. A 7-Eleven is already operating within the development.

    Property Features for 0 Lake Houston Pkwy

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • City of Houston water and sewer capacity reserved for up to 350 multi‑family units.
    • Harris County Flood Control‑approved drainage study completed.
    • Excellent opportunity to serve an underserved Kingwood market.
    • Master‑planned commercial development suitable for various uses.
    • Utilities readily available on‑site.
    • No new multi‑family developments within a two‑mile radius in the last decade.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.190233027647
    Latitude
    30.084134294423

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    FAQs

    What type of property is this?
    Land - Kingwood, TX prime commercial lots
    Where is this land located?
    The property is located at Lake Houston Pkwy Houston, TX.
    What are key features of this property?
    This property features: City of Houston water and sewer capacity reserved for up to 350 multi-family units.; Harris County Flood Control-approved drainage study completed.; Excellent opportunity to serve an underserved Kingwood market.
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    Lake Houston Pkwy Houston, TX 77339
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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
    Lake Houston Pkwy Houston, TX 77339
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