500 Elgin St Houston, TX 77006
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.