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    OFF-MARKET
    Warehouses

    I-45 Fwy, Houston, TX 77007

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    Property summary
    AI-generated overview

    This exceptional 50-acre property in Houston, Harris County, Texas (zip code 77007), offers a unique blend of retail and industrial opportunities. Located on I-45 Freeway N with frontage on Greenbriar St./I-45 and access to FM 1375, it boasts outstanding visibility and accessibility for both northbound and southbound traffic. The site features a newly constructed roundabout, enhancing access to the burgeoning New Waverly Station development, which will add approximately 1,600 new homes. This strategic location positions the property at the heart of New Waverly's expanding retail corridor. The 2,181,049 square foot site is available for ground lease and is ideal for large-scale tenants seeking a prime location in a rapidly growing market. The front portion is perfect for large-format retail development, while the rear 22 acres are well-suited for industrial development, including warehouses, storage facilities, or an office park. The property benefits from excellent elevation and slope for superior drainage. Owners are prepared to collaborate on development, constructing buildings to suit tenant needs. This presents an amazing opportunity for retail developers and big-box tenants seeking a prominent presence in this dynamic market.

    Property profile
    Verified
    Property type Warehouses
    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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