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    230 Canino Rd Houston, TX 77037

    For Sale
    $8,900,000

    Prime investment opportunity, near IAH & Downtown.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11.68-acre commercial land parcel in unincorporated Harris County, Texas, presents a compelling investment opportunity. Located at 230 W Canino Rd, Houston, TX 77037, this property boasts a strategic location, just 12.1 miles from George Bush Intercontinental Airport (IAH) and 9.1 miles from Downtown Houston. The seller is open to subdividing the land into two parcels: a 3.8-acre northeast section and a 7.9-acre southwest section. Importantly, the property is outside city limits, not located in a flood zone, and is currently unzoned, offering significant flexibility for future development. The asking price is $8,900,000. A unique aspect of this sale includes a seller requirement of a six-month leaseback on the 7.9-acre southwest parcel. Access to the property requires accompaniment and signing of a liability waiver due to ongoing operations on-site. Serious inquiries only.

    Property Features for 230 Canino Rd

    General Information

    Property type
    Land
    Lot Size
    508,781 SF

    HighLights

    • $8,900,000 asking price.
    • 11.68‑acre commercial land parcel in Houston, TX.
    • Located in unincorporated Harris County, outside city limits; no zoning.
    • Potential for subdivision into 3.8‑acre and 7.9‑acre parcels.
    • Seller may consider a joint venture or 6‑month leaseback on the 7.9‑acre parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas Crown & Millwork General Contractor CNT Contractors Inc General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4022535
    Latitude
    29.8755915

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    FAQs

    What type of property is this?
    Land - Prime investment opportunity, near IAH & Downtown.
    Where is this land located?
    The property is located at 230 Canino Rd Houston, TX.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: $8,900,000 asking price.; 11.68-acre commercial land parcel in Houston, TX.; Located in unincorporated Harris County, outside city limits; no zoning.
    Request Owner's contact information
    230 Canino Rd Houston, TX 77037
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    Houston, TX 77037
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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
    230 Canino Rd Houston, TX 77037
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