0 Winfrey Ln Tomball, TX 77375
This exceptional 9.37-acre commercial land parcel in Tomball, Texas, presents a remarkable investment opportunity. Located at 0 Winfrey Lane, Harris County, 77375, this rectangular tract boasts 442 feet of frontage on FM 2978 and a depth of 695 feet. The property is zoned AG (Agricultural) and offers significant potential for various commercial developments, including multi-family, retail, or mixed-use projects. Its strategic location benefits from high visibility and accessibility, with over 24,500 vehicles passing daily on FM 2978 (2022 TxDOT estimate). The area surrounding the property is experiencing robust growth, with a 70% population increase within a 5-mile radius since 2010, now exceeding 131,000 residents. This translates to a high-income demographic, with average household incomes exceeding $137,000 within 5 miles. Consumer spending is substantial, exceeding $569 million within 3 miles and $1.84 billion within 5 miles. Furthermore, the property's adjacency to Winfrey Estates, a new 113-homesite 55+ active adult community featuring a clubhouse, pool, and recreational amenities, adds to its appeal. Nearby established businesses include Baker Hughes, Tomball Research and Innovation Center, and various retail establishments such as McDonald's, Jack in the Box, and 7-Eleven. This property's combination of size, location, and surrounding development makes it an ideal site for a variety of commercial ventures. The APN is 03529000003000. The asking price is $4,897,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.