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    North Fwy Houston, TX 77090

    Sponsored
    For Sale
    Contact for pricing

    Houston, TX: Prime Development Site

    Property size:
    416,028 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.2-acre commercial land parcel boasts unparalleled visibility and accessibility, situated directly on Interstate 45 in Houston, Texas, within Harris County and Spring ISD. The property offers approximately 300 feet of frontage on I-45, providing exceptional exposure to over 200,000 vehicles daily. Additional access points are available via Briargrove Drive (approx. 29 feet) and Blue Ash Drive (approx. 60 feet). The site is conveniently located less than 0.25 miles north of East Airtex Drive, under 2.5 miles south of FM 1960, and approximately 3 miles north of Beltway 8, ensuring easy connectivity throughout the region. Utilities are readily available, and the property is not located within a FEMA-designated flood plain. This high-density area offers a strong residential and commercial population base, making it ideal for a variety of development projects, including retail, multi-family residential, and general commercial uses. The total square footage is 416,028, with a land value of $14 per square foot. The 2021 tax rate was $2.57 per $100 of assessed value. A full demographic package is available upon request. This is a rare opportunity to acquire a prime development site in a thriving Houston location.

    Property Features for 0 North Fwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    416,028 SF
    Lot Size
    95,832 SF

    HighLights

    • +/- 2.2 acres of commercial land in Houston, TX, with I‑45 frontage.
    • Utilities available, located in HC MUD 189, outside the floodplain.
    • Excellent visibility and access: ~300' I‑45 frontage, ~29' Briargrove Drive access, ~60' Blue Ash Drive access.
    • Prime location near major thoroughfares: 0.25 miles north of East Airtex Drive, <2.5 miles south of FM 1960, ~3 miles north of Beltway 8.
    • Located in Harris County, Spring ISD, with a 2021 tax rate of $2.57 per $100 assessed value.
    • Land value: $14/SF; total square footage: 416,028 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4249889
    Latitude
    29.9940751

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    FAQs

    What type of property is this?
    Multifamily property - Houston, TX: Prime Development Site
    Where is this multifamily property located?
    The property is located at North Fwy Houston, TX.
    What are key features of this property?
    This property features: +/- 2.2 acres of commercial land in Houston, TX, with I-45 frontage.; Utilities available, located in HC MUD 189, outside the floodplain.; Excellent visibility and access: ~300' I-45 frontage, ~29' Briargrove Drive access, ~60' Blue Ash Drive access.
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    North Fwy Houston, TX 77090
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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
    North Fwy Houston, TX 77090
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