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    7633 Miller Road 2 Houston, TX 77049

    Sponsored
    For Sale
    Contact for pricing

    Prime 55-acre retail site with existing income.

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 55.38-acre commercial property located at 7633 Miller Road 2, Houston, Texas 77049, presents a compelling investment opportunity. The property boasts 12,000 square feet of existing retail space currently utilized for pipe storage, generating existing rental income. This partially stabilized site offers significant potential for future development. Its strategic location provides excellent access to major thoroughfares, including Highway 90 and Beltway 8, ensuring high visibility and convenient access for customers and employees. The property features 500 feet of frontage along Miller Road 2, maximizing exposure and potential for signage. Situated in Harris County, this expansive parcel presents a rare chance to acquire a substantial retail land holding in a high-growth area of Houston. The existing structure and current income stream provide a solid foundation for immediate returns, while the substantial acreage allows for significant expansion and development potential, catering to a variety of retail uses. This is an ideal opportunity for investors seeking a blend of immediate income and long-term growth potential in a prime Houston location.

    Property Features for 7633 Miller Road 2

    General Information

    Property type
    Land
    Square Feet
    12,000 SF
    Lot Size
    2,412,353 SF

    HighLights

    • Potential development opportunity on a 55.38‑acre site.
    • Partially stabilized site with existing improvements.
    • Generating existing rental income from 12,000 SF of retail space.
    • 500 feet of frontage on Miller Road 2.
    • Excellent access to Highway 90 and Beltway 8.
    • Currently used for pipe storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lsp services Storage Facility

    Suggested Use

    Restaurant Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.1452683
    Latitude
    29.834293

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    FAQs

    What type of property is this?
    Land - Prime 55-acre retail site with existing income.
    Where is this land located?
    The property is located at 7633 Miller Road 2 Houston, TX.
    What are key features of this property?
    This property features: Potential development opportunity on a 55.38-acre site.; Partially stabilized site with existing improvements.; Generating existing rental income from 12,000 SF of retail space.
    Request Owner's contact information
    7633 Miller Road 2 Houston, TX 77049
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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
    7633 Miller Road 2 Houston, TX 77049
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