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Property profile & analytics
OFF-MARKET
Land

500 Elgin St Houston, TX 77006

0.64 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.64-acre commercial land parcel presents a unique redevelopment opportunity in the vibrant Montrose/Midtown Houston submarket. Located at 500 Elgin St, Houston, TX 77006, in Harris County, this property boasts approximately 28,044 square feet (per Harris County Appraisal District records). Its strategic location is bounded by Elgin, Bagby, Rosalie, and Brazos Streets, offering convenient access points and excellent visibility. The site features driveways on each street, ensuring easy ingress and egress. Its proximity to the Montrose and Midtown neighborhoods is a significant advantage, placing it within walking distance of numerous amenities. Across Brazos Street lies a Whole Foods Market, further enhancing its desirability. Direct access from US 59 Exit (SPUR 527) provides exceptional connectivity to major transportation arteries. The surrounding area is experiencing significant growth, with new retail developments and Class-A multifamily projects underway, creating a dynamic and thriving environment. This property is perfectly positioned to capitalize on the continued expansion and high demand in this sought-after location. The site's size and location make it suitable for a variety of commercial developments, presenting a compelling investment opportunity for discerning developers and investors.

Property profile
Verified
Property type Land
Lot 0.64 ac (27,878 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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