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    Penn City Rd Houston, TX 77015

    For Lease
    Contact for pricing

    ±389 Acres Houston, TX - Ideal for Bulk Storage

    Lot size:
    16,944,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional ±389-acre industrial land parcel in Houston, Harris County, Texas (zip code 77015, located near Penn City Rd) presents a unique investment opportunity. Situated minutes from Interstate-10 and Beltway 8, this strategically located property offers unparalleled access to major transportation arteries. The site boasts existing permits from the U.S. Army Corps of Engineers, allowing for immediate development. Specifically designed for liquid bulk storage and transloading, the property includes a permitted unit train loop for bulk liquids transfer (UP/PTRA) with a storage capacity of up to 15 million barrels. A significant advantage is the 16 acres grandfathered into Foreign Trade Zone #84. Water access is a key feature, with a portion of the property connecting to the Houston Ship Channel and Buffalo Bayou, projected to have a water depth of up to 46.5 feet by 2024/25. The site also includes six barge docks, three Afromax ship docks, and five docks with two Suez Max capabilities, all fully permitted. This fully permitted site is ready for immediate development and offers significant potential for large-scale industrial operations. The property is designated as single-tenant and is classified as both industrial and commercial land.

    Property Features for 0 Penn City Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,944,840 SF

    Unit(s) available at that property

    Space
    Size
    16,944,840 SF

    HighLights

    • ±389‑acre industrial land parcel in Houston, TX (77015), near Penn City Rd.
    • Excellent access to I‑10 and Beltway 8.
    • USACE‑permitted for liquid bulk storage and transloading, including a permitted unit train loop (UP/PTRA) with 15 million‑barrel capacity.
    • 16 acres in Foreign Trade Zone #84.
    • Deep‑water access via Houston Ship Channel and Buffalo Bayou (up to 46.5 ft. depth projected by 2024/25), with six barge docks, three Afromax ship docks, and five Suez Max‑capable docks.
    • Utilities available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.155454273017
    Latitude
    29.757242027518

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    FAQs

    What type of property is this?
    Land - ±389 Acres Houston, TX - Ideal for Bulk Storage
    Where is this land located?
    The property is located at Penn City Rd Houston, TX.
    What are key features of this property?
    This property features: ±389-acre industrial land parcel in Houston, TX (77015), near Penn City Rd.; Excellent access to I-10 and Beltway 8.; USACE-permitted for liquid bulk storage and transloading, including a permitted unit train loop (UP/PTRA) with 15 million-barrel capacity.
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    Penn City Rd Houston, TX 77015
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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
    Penn City Rd Houston, TX 77015
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