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    3113 Grace Ln Highlands, TX 77562

    For Sale
    $800,000

    5-Acre Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This unrestricted 5-acre tract in Highlands, Texas (APN: 041-040-001-0184), presents a remarkable investment opportunity. Located at 3113 Grace Ln, 77562, this property boasts 357 feet of frontage on Grace Lane and offers diverse development potential. Permitted zoning includes residential, commercial, and unrestricted uses, allowing for a wide range of projects, from residential subdivisions and commercial spaces to RV parks or even a private ranch. The land's size and zoning flexibility make it ideal for various ventures, including multi-family housing, retail, motel/hotel, warehouse, or light industrial development. An adjacent 5.65-acre parcel (APN: 041-040-001-0211) is also available, featuring a five-bedroom home, office building, swimming pool, and additional outbuildings. This combined acreage presents a unique opportunity for a large-scale development. The asking price for the 5-acre tract is $800,000, representing a price per acre of $160,000. Prospective buyers are responsible for verifying zoning regulations and building codes. Proof of funds is required for scheduling appointments. This property offers significant potential for substantial returns on investment. The depth of the property is approximately 626 feet. The property is owned by an investor.

    Property Features for 3113 Grace Ln

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5+-acre commercial/industrial/residential land investment opportunity in Highlands, TX, with 357' of frontage on Grace Lane.
    • APN: 041‑040‑001‑0184.
    • Zoned unrestricted; suitable for residential subdivision, commercial development, RV park, or ranch.
    • Adjacent 5.65‑acre parcel available with existing improvements (5‑bed home, office building, pool); APN: 041‑040‑001‑0211.
    • Asking price: $800,000 ($160,000/acre); proof of funds required for appointments; buyer's agent to verify zoning and building codes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath Storage Facility Furniture Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Highlands
    County
    Harris
    State
    Texas
    Longitude
    -95.060534497752
    Latitude
    29.845643793287

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    FAQs

    What type of property is this?
    Land - 5-Acre Development Opportunity
    Where is this land located?
    The property is located at 3113 Grace Ln Highlands, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 5+-acre commercial/industrial/residential land investment opportunity in Highlands, TX, with 357' of frontage on Grace Lane.; APN: 041-040-001-0184.; Zoned unrestricted; suitable for residential subdivision, commercial development, RV park, or ranch.
    Request Owner's contact information
    3113 Grace Ln Highlands, TX 77562
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    Highlands, TX 77562
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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
    3113 Grace Ln Highlands, TX 77562
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