Houston TX 77040 Gulf Bank Rd And Hollister St, Houston, TX 77040
This exceptional 29.26-acre tract of land presents a remarkable investment opportunity for developers and builders. Located in Houston, Texas, near the intersection of W Gulf Bank Rd and Hollister St (77040), this unrestricted property offers unparalleled flexibility for commercial, industrial, or residential development. The land boasts 988 feet of frontage and is conveniently situated less than 15 miles from downtown Houston, 11 miles from both Galleria and Memorial Malls, and provides easy access to I-10, Hwy 290, and Loop 610. The property is also within 5 minutes of the future Houston-Dallas bullet train station. Utilities are accessible, and the site is not located within a wetland or easement. While situated in a 100-year floodplain, the City of Houston completed new paving and drainage improvements on Hollister Rd in 2018. The property is owned by a corporation and is priced at $7,000,000 ($5.49/sq ft). The Harris County APN is 0420400000135. This large parcel, one of the largest inside the loop, is served by the Cypress-Fairbanks Independent School District. The seller will consider dividing the property. This is a truly exceptional opportunity for those seeking significant development potential in a highly desirable Houston location.
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.