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    15651 North Fwy Houston, TX 77090

    Sponsored
    For Lease
    $150,000

    1.53 Acres, Commercial Ground Lease

    Lot size:
    66,647 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.53-acre commercial ground lease presents a remarkable opportunity in Houston, Texas. Situated at 15651 North Freeway, in the heart of Harris County, this single-tenant property offers significant potential for development. The expansive lot size provides ample space for a variety of commercial ventures, catering to diverse business needs. With its strategic location along the heavily trafficked North Freeway (US-59), this property boasts exceptional visibility and accessibility, ensuring high traffic volume and strong potential for customer engagement. The property's zoning (not specified in provided information) will need to be verified independently to determine suitable development options. This is a rare opportunity to acquire a substantial land parcel in a prime Houston location, ideal for investors seeking a strong return on investment. The property is designated as a single-tenant lease, offering a streamlined ownership structure. Further due diligence is recommended to fully assess the property's potential and suitability for your specific business plans. The address is precisely 15651 North Freeway, Houston, TX 77090, with GPS coordinates of 29.992878 latitude and -95.425717 longitude. This is a blank canvas for your commercial vision, ready for development and poised for success in a thriving Houston market. The property type is classified as land, and the total land area is 1.53 acres.

    Property Features for 15651 North Fwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,647 SF
    Total Rate
    150000

    Unit(s) available at that property

    Space
    Available Space
    Size
    66,647 SF
    Rate per SF
    $150,000

    HighLights

    • 1.53 acres of cleared land available for ground lease.
    • Prime corner lot at Interstate 45 and Pennbright Drive in Commerce Park North.
    • High visibility location with over 213,000 vehicles daily on I‑45.
    • Excellent frontage: ~220 feet on I‑45 and ~195 feet on Pennbright Drive.
    • Convenient location: 3.5 miles north of Beltway 8 and under 4 miles west of George Bush Intercontinental Airport.
    • Utilities accessible via HC MUD 189.
    Property Profile Location Intelligence

    Current Use by Public Records

    TeachUp Spring Learning ... Learning Center Teachup Spring Professional Organizer ITT Technical Institute College

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -95.425717
    Latitude
    29.992878

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    FAQs

    What type of property is this?
    Land - 1.53 Acres, Commercial Ground Lease
    Where is this land located?
    The property is located at 15651 North Fwy Houston, TX.
    What is the lease rate?
    The lease rate is $150,000.
    What are key features of this property?
    This property features: 1.53 acres of cleared land available for ground lease.; Prime corner lot at Interstate 45 and Pennbright Drive in Commerce Park North.; High visibility location with over 213,000 vehicles daily on I-45.
    Request Owner's contact information
    15651 North Fwy Houston, TX 77090
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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
    15651 North Fwy Houston, TX 77090
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