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I-45 Fwy Houston, TX 77007

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Estimated value
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Property ID

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

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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