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    5409 Langley Rd Houston, TX 77016

    Sponsored
    For Sale
    $430,000

    Prime Retail Land, $430,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 26,400 square foot commercial land parcel, located at 5409 Langley Rd, Houston, TX 77016, presents a compelling investment opportunity. Priced at $430,000, this property boasts a land value of $16.29 per square foot. The lot features approximately 176 feet of frontage, offering excellent visibility and accessibility. Its convenient location provides easy access to major transportation arteries, situated just 1.3 miles from the US 69 Eastex Freeway, ensuring high traffic flow and potential for significant customer reach. Previously utilized as a free-standing convenience store, this versatile property lends itself to a wide array of commercial uses. Potential development options include a convenience store and restaurant combination, warehouse space, multifamily housing, or additional retail space to generate supplemental income. Situated in Harris County, this property in Houston, Texas, offers a strategic location within a thriving commercial area. The zip code is 77016. This is a rare chance to acquire a well-positioned commercial land parcel with significant development potential in a high-demand area. The property's size and location make it an ideal investment for both experienced developers and new ventures seeking a strong foothold in the Houston market.

    Property Features for 5409 Langley Rd

    General Information

    Property type
    Retail properties

    HighLights

    • 26,400 SF commercial land parcel in Houston, TX.
    • $430,000 asking price, $16.29/SF land value.
    • 176 feet of frontage on Langley Rd.
    • 1.3 miles from US 69 Eastex Freeway.
    • Suitable for various commercial uses, including retail and multifamily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goodland Supermarket Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.31010212541
    Latitude
    29.86686935018

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Land, $430,000
    Where is this retail property located?
    The property is located at 5409 Langley Rd Houston, TX.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: 26,400 SF commercial land parcel in Houston, TX.; $430,000 asking price, $16.29/SF land value.; 176 feet of frontage on Langley Rd.
    Request Owner's contact information
    5409 Langley Rd Houston, TX 77016
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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
    5409 Langley Rd Houston, TX 77016
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