0 Lake Houston Pkwy, Houston, TX 77339
This exceptional master-planned commercial development in Kingwood, Texas, presents a unique investment opportunity. Located at the prime corner of West Lake Houston Parkway and Mills Branch Drive – a soon-to-be four-way lighted intersection – this property offers lots ranging from 0.5 to 48 acres, with land prices from $6.95 to $25 per square foot. The site benefits from strong demographics, with over 2,200 homes within a one-mile radius, including the new Royal Brook village developed by Friendswood Development and the upcoming 440-lot Royal Pines residential development by Ashton Woods. This area is currently underserved in retail, multi-family, and medical sectors, presenting significant potential for growth. Infrastructure is well-prepared, with water/sewer capacity reserved with the City of Houston for up to 350 multi-family units and a Harris County Flood Control-approved drainage study. Utilities are readily available. The property's location within the sought-after Humble ISD school district further enhances its appeal for multi-family developments. This rapidly growing corridor offers a compelling opportunity for businesses to capitalize on a thriving market with no new multi-family sites built within a two-mile radius in the last decade. A 7-Eleven is already operating within the development.
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
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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.