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    00 Turning Basin Dr Houston, TX 77029

    Sponsored
    For Sale
    $1,500,000

    2.59 Acres, $1.5M, Freeway Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2.59-acre commercial land parcel presents a remarkable investment opportunity in Houston, Texas. Located at 00 Turning Basin Drive, Harris County, zip code 77029, this property boasts unparalleled accessibility due to its convenient proximity to major freeway arteries. The expansive lot size offers considerable flexibility for a wide range of commercial developments, allowing for the creation of a substantial and impactful business presence. The "For Sale By Owner" status presents a unique chance to negotiate directly with the seller. The property's strategic location within a thriving Houston business district ensures high visibility and easy access for customers and employees. This is an ideal site for businesses seeking a prominent and easily accessible location to establish and grow their operations. Serious inquiries are encouraged to explore the potential of this valuable asset. Please notify the owner before accessing the property on foot. The asking price is $1,500,000. Coordinates are 29.748019373238414 latitude and -95.26572180530867 longitude.

    Property Features for 00 Turning Basin Dr

    General Information

    Property type
    Land
    Lot Size
    112,820 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.265721805309
    Latitude
    29.748019373238

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    FAQs

    What type of property is this?
    Land - 2.59 Acres, $1.5M, Freeway Access
    Where is this land located?
    The property is located at 00 Turning Basin Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (281) 460-5503
    Request Owner's contact information
    00 Turning Basin Dr Houston, TX 77029
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    Houston, TX 77029
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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
    00 Turning Basin Dr Houston, TX 77029
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