0 Griggs Rd & Cullen Blvd Houston, TX 77021
This exceptional commercial property, located at the intersection of Griggs Rd and Cullen Blvd in Houston, Texas (zip code 77021), offers a unique investment opportunity. The property is zoned for both office and medical office use, boasting flexible square footage options ranging from 3,062 to 63,460 square feet. Its strategic location within Harris County places it in close proximity to major transportation arteries, including the Hwy 288 & Old Spanish Trail intersection, ensuring easy accessibility. The property benefits from its adjacency to a thriving 80,891 square foot neighborhood shopping center, anchored by prominent retailers such as Gordon Food Service, Family Dollar, Rent-A-Center, and a high-performing Citi Trends location (ranked #4 in the Houston MSA by daily site visits). This vibrant commercial hub contributes to high foot traffic and visibility. Furthermore, the property's location within the densely populated urban neighborhood of Ost/South Main, with over 147,000 residents within a 3-mile radius, guarantees a substantial customer base. Its proximity to the University of Houston and the Texas Medical Center, the world's largest medical complex, further enhances its appeal and potential for growth. The property is currently available for sale, presenting a compelling investment opportunity in a high-demand area.
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
Similar Nearby for Lease
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.