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    Tx-249 Houston, TX 77064

    For Sale
    Contact for pricing

    High-visibility Houston land with billboard income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.85-acre commercial land parcel in Houston, Texas, presents a compelling investment opportunity. Strategically located on SH 249 at Mills Road, near Willowbrook Mall, this property boasts high visibility and significant growth potential. The site is divided into two reserves: Reserve "C" (0.6898 acres) and Reserve "D" (0.1693 acres). A key feature is the existing income generated from two billboard leases, providing a steady stream of revenue for the owner. This prime location offers excellent exposure to high traffic volumes on SH 249, making it ideal for various commercial ventures. The property's proximity to Willowbrook Mall further enhances its desirability and potential for future development. This recently price-reduced offering presents a rare chance to acquire a well-situated, income-producing property in a thriving Houston market. The detailed terms of the billboard leases are available upon request. This is an excellent opportunity for investors seeking a strong return on investment in a high-traffic area with significant future development potential. The property's zip code is 77064.

    Property Features for 0 Tx-249

    General Information

    Property type
    Land
    Lot Size
    37,026 SF

    HighLights

    • 0.85‑acre commercial land parcel in Houston, TX.
    • Located on SH 249 at Mills Road, near Willowbrook Mall.
    • High visibility location with significant development potential.
    • Generates income from two existing billboard leases.
    • Recently reduced price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.534659856277
    Latitude
    29.950423077058

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    FAQs

    What type of property is this?
    Land - High-visibility Houston land with billboard income.
    Where is this land located?
    The property is located at Tx-249 Houston, TX.
    What are key features of this property?
    This property features: 0.85-acre commercial land parcel in Houston, TX.; Located on SH 249 at Mills Road, near Willowbrook Mall.; High visibility location with significant development potential.
    (936) 441-1300
    Request Owner's contact information
    Tx-249 Houston, TX 77064
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    Houston, TX 77064
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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
    Tx-249 Houston, TX 77064
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