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    Monroe Rd Houston, TX 77075

    Sponsored
    For Sale
    $1,890,504

    5.6 Acres, City Utilities, Great Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.6-acre commercial land parcel presents a compelling investment opportunity in Houston, Texas. Strategically located on Monroe Rd in Harris County, zip code 77075, this property boasts approximately 792 feet of road frontage, offering excellent visibility and accessibility. Situated outside the floodplain, the land benefits from readily available city utilities, making it ideal for a variety of development projects. The property is zoned to Pasadena ISD, providing a valuable consideration for potential residential or mixed-use developments. Its prime location provides convenient access to major transportation arteries, including the Sam Houston Tollway and Hobby Airport, ensuring seamless connectivity for businesses and residents alike. The asking price is $1,890,504. The APN is 0430200000004. This versatile land parcel is well-suited for a range of commercial ventures, including retail establishments or townhome developments, presenting a unique chance to capitalize on Houston's thriving market. The property's size and location make it an attractive prospect for developers seeking a prime location with excellent infrastructure and accessibility. Consider the potential for significant return on investment in this highly sought-after area.

    Property Features for 0 Monroe Rd

    General Information

    Property type
    Land
    Lot Size
    243,936 SF

    HighLights

    • 5.6‑acre commercial land parcel in Houston, TX.
    • 792 feet of road frontage on Monroe Rd, Harris County, 77075.
    • Located outside the floodplain with readily available city utilities.
    • Zoned to Pasadena ISD.
    • Convenient access to Sam Houston Tollway and Hobby Airport.
    • Asking price: $1,890,504; APN: 0430200000004.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.266459260236
    Latitude
    29.608198246637

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    FAQs

    What type of property is this?
    Land - 5.6 Acres, City Utilities, Great Access
    Where is this land located?
    The property is located at Monroe Rd Houston, TX.
    What is the asking price?
    The asking price for this property is $1,890,504.
    What are key features of this property?
    This property features: 5.6-acre commercial land parcel in Houston, TX.; 792 feet of road frontage on Monroe Rd, Harris County, 77075.; Located outside the floodplain with readily available city utilities.
    Request Owner's contact information
    Monroe Rd Houston, TX 77075
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    Houston, TX 77075
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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
    Monroe Rd Houston, TX 77075
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