0 Barker Cypress Rd Houston, TX 77084
This exceptional 261,360 square foot commercial land parcel presents a remarkable investment opportunity in Houston, Texas. Located on Barker Cypress Road and North Groscheke Road, this property boasts a highly desirable C-2 zoning designation. Its strategic location offers unparalleled access to major thoroughfares and significant medical facilities. The site is conveniently situated approximately 2.3 miles from Methodist Hospital and 2.0 miles from Texas Children's Hospital, ensuring high visibility and potential for a diverse range of commercial ventures. Furthermore, its proximity to I-10 Freeway (2.7 miles) provides easy connectivity throughout the greater Houston area. The property is situated within the City of Houston ETJ (Extra Territorial Jurisdiction) and serviced by the Addicks Utility District. This expansive lot, roughly six acres, benefits from a high traffic count, making it an ideal location for businesses seeking maximum exposure. No additional zoning requirements are needed for development, streamlining the process for potential buyers. The asking price for this exceptional property is $5,800,000. This is a rare opportunity to acquire a significant commercial land holding in a thriving Houston market.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.