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    16227 Waverly Dr Houston, TX 77032

    Sponsored
    For Sale
    Contact for pricing

    2.4-acre commercial lot, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.4-acre (104,517 square feet) commercial land parcel presents a compelling investment opportunity in Houston, Texas. Situated on a hard corner, this property boasts approximately 630 feet of frontage along the Hardy Airport Connector access road, providing excellent visibility and accessibility. The lot's dimensions are roughly 630 feet long by 170 feet wide. It's zoned for general commercial use, offering a wide range of development possibilities. A significant advantage is its direct adjacency to a 500,000 square foot Walgreens distribution facility, ensuring high traffic and a strong commercial presence in the immediate vicinity. The property is located at 16227 Waverly Drive, Houston, TX 77032, in Harris County. This motivated seller is ready to act. Contact for pricing.

    Property Features for 16227 Waverly Dr

    General Information

    Property type
    Land

    HighLights

    • 2.4‑acre (104,517 SF) commercial land parcel in Houston, TX.
    • Hard corner location.
    • Approximately 630 feet of frontage on Hardy Airport Connector.
    • General commercial zoning.
    • Lot dimensions: approximately 630' x 170'.
    • Adjacent to a 500,000 SF Walgreens distribution facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.364515
    Latitude
    29.95655

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    FAQs

    What type of property is this?
    Land - 2.4-acre commercial lot, ideal location.
    Where is this land located?
    The property is located at 16227 Waverly Dr Houston, TX.
    What are key features of this property?
    This property features: 2.4-acre (104,517 SF) commercial land parcel in Houston, TX.; Hard corner location.; Approximately 630 feet of frontage on Hardy Airport Connector.
    Request Owner's contact information
    16227 Waverly Dr Houston, TX 77032
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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
    16227 Waverly Dr Houston, TX 77032
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