Property profile

1506 Blodgett St Houston, TX 77004

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 23,522 square foot commercial, industrial, and residential land parcel presents a unique investment opportunity in Houston, Texas. Located at 1506 Blodgett Street, in the vibrant Museum District, this 0.54-acre lot boasts a 250-foot frontage and is priced at $106 per square foot, totaling $2,500,000. The property offers unrestricted use, allowing for a wide range of development possibilities, including Class A multifamily, mixed-use, office, or medical office projects. All utilities are publicly available, and there are no easements. Its strategic location provides easy access to major highways, including Highway 59 and Highway 288, ensuring seamless connectivity to Downtown Houston and the Texas Medical Center. The surrounding area is known for its thriving cultural institutions, top-tier educational facilities, and excellent healthcare infrastructure, creating a strong and desirable community atmosphere. This prime location and versatile zoning make this property an ideal investment for developers seeking a high-impact project in a rapidly growing area of Houston.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1506 Blodgett St Houston, TX 77004
Houston metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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