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    Peerless St Houston, TX 77021

    Sponsored
    For Sale
    Contact for pricing

    Prime 15-acre commercial tract near major highways.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Houston, Texas. Strategically located less than one mile from Highway 288 and within two miles of the 610 Loop, this property offers unparalleled access to major transportation arteries. Its proximity to the Houston Medical Center (within 2 miles) and the Central Business District (CBD, within 4 miles) further enhances its desirability. The site boasts approximately 11,800 feet of frontage on Peerless Street, providing significant visibility and potential for development. Adding to its appeal, this property is situated in a designated Opportunity Zone, potentially offering significant tax advantages for qualified investors. An adjacent one-acre parcel is also available for purchase, presenting an opportunity to expand the land holdings. The property's location in Harris County, with a zip code of 77021, ensures easy access to a thriving urban environment. This is a rare chance to acquire a substantial commercial land holding in a high-growth area of Houston. The property's size, location, and Opportunity Zone designation make it an ideal investment for developers seeking a prime location for various commercial ventures.

    Property Features for 0 Peerless St

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • Less than 1 mile to Highway 288.
    • Less than 2 miles to the 610 Loop.
    • 2 miles to the Houston Medical Center.
    • 4 miles to the Central Business District (CBD).
    • ±11,800 feet of frontage on Peerless Street.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.374258430727
    Latitude
    29.692662689085

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    FAQs

    What type of property is this?
    Land - Prime 15-acre commercial tract near major highways.
    Where is this land located?
    The property is located at Peerless St Houston, TX.
    What are key features of this property?
    This property features: Less than 1 mile to Highway 288.; Less than 2 miles to the 610 Loop.; 2 miles to the Houston Medical Center.
    (713) 830-2131
    Request Owner's contact information
    Peerless St Houston, TX 77021
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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
    Peerless St Houston, TX 77021
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