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    OFF-MARKET
    Land

    Houston TX 77040 Gulf Bank Rd And Hollister St, Houston, TX 77040

    29.26 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 29.26 ac (1,274,566 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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