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    1011 Augusta Dr Houston, TX 77057

    Sponsored
    For Sale
    Contact for pricing

    1.5-acre prime Houston development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.5-acre commercial land parcel presents a unique redevelopment opportunity in Houston's desirable Tanglewood area. Located at 1011 Augusta Drive, this property boasts a prime location, situated on the east side of Augusta Drive and approximately 915 feet south of Woodway Drive. Its proximity to the affluent neighborhoods of Tanglewood and Briargrove ensures high visibility and strong potential for various developments. The site currently features a two-story medical office building encompassing 28,520 square feet and a two-level parking garage totaling 41,459 square feet. These structures were built in 1979. The existing ground lease expires on January 6, 2028, offering flexibility for future plans. This versatile property is ideally suited for a range of uses, including residential, office, medical office, or self-storage facilities. The Harris County Appraisal District (HCAD) ID is 1145250000001. This is a rare chance to acquire a significant land holding in a highly sought-after Houston location with substantial redevelopment potential. The property's address is 1011 Augusta Dr, Houston, TX 77057. The APN is 1145250000001.

    Property Features for 1011 Augusta Dr

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel in Houston, TX.
    • Located at 1011 Augusta Dr, Houston, TX 77057, Harris County.
    • APN: 1145250000001.
    • Currently improved with a 28,520 SF two‑story medical office building and a 41,459 SF two‑level parking garage (built 1979).
    • Ground lease expires January 6, 2028.
    • Excellent redevelopment opportunity in the affluent Tanglewood/Briargrove neighborhoods; suitable for residential, office, medical, or self‑storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Insight Dental Group ... Dentist Augusta Dental Dentist Tanglewood Orthodontics - Houston Orthodontist Jeff Tollett, DDS Dentist FE Solutions Audio Visual Equipment Supplier

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4821215
    Latitude
    29.7575863

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    FAQs

    What type of property is this?
    Land - 1.5-acre prime Houston development site.
    Where is this land located?
    The property is located at 1011 Augusta Dr Houston, TX.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel in Houston, TX.; Located at 1011 Augusta Dr, Houston, TX 77057, Harris County.; APN: 1145250000001.
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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
    1011 Augusta Dr Houston, TX 77057
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