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    1960 At Welcome Ln Houston, TX 77014

    For Sale
    $800,000

    Houston, TX: 1.08-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.08-acre commercial land parcel presents a prime investment opportunity in Houston, Texas. Located at the intersection of FM 1960 and Welcome Lane, this unrestricted property boasts 133 feet of frontage on the heavily trafficked FM 1960. Access is also available from Welcome Lane, providing excellent visibility and convenient access for potential businesses. Utilities are readily available through Harris County Municipal Utility District (MUD) 233, with MUD reimbursements offered after development, significantly reducing initial costs. The property's strategic location offers significant advantages, situated adjacent to a Christian Brothers Automotive and only three miles from the I-45 freeway, ensuring high traffic volume and easy accessibility. Priced at $800,000, or $17 per square foot, this land represents a compelling value proposition for developers and investors seeking a high-growth area with strong potential for retail development. The property is zoned for commercial use, providing flexibility for a variety of development options. Don't miss this chance to acquire a highly desirable commercial lot in a thriving Houston location.

    Property Features for 1960 At Welcome Ln

    General Information

    Property type
    Retail properties
    Lot Size
    47,045 SF

    HighLights

    • 133 feet of frontage on FM 1960.
    • Access from Welcome Lane.
    • Utilities available via Harris County MUD 233.
    • MUD reimbursements offered post‑development.
    • Adjacent to Christian Brothers Automotive.
    • 3 miles from I‑45.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4740736
    Latitude
    30.0012956

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    FAQs

    What type of property is this?
    Retail property - Houston, TX: 1.08-acre commercial lot.
    Where is this retail property located?
    The property is located at 1960 At Welcome Ln Houston, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 133 feet of frontage on FM 1960.; Access from Welcome Lane.; Utilities available via Harris County MUD 233.
    Request Owner's contact information
    1960 At Welcome Ln Houston, TX 77014
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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
    1960 At Welcome Ln Houston, TX 77014
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