290 & Federal Plz Dr Houston, TX 77092
This exceptional commercial land offering presents a unique investment opportunity in Houston, Texas, situated at the intersection of US 290 and Federal Plaza Drive in Harris County, zip code 77092. The property comprises several commercial land tracts, totaling 3.16 acres of developable land. Individual tracts range in size from approximately 0.57 acres to 1.58 acres. Tracts 2B, 3, 9B, and 9C are currently sold. Two remaining tracts are available for purchase. Tract 5 encompasses approximately 1.58 acres (68,892 square feet) and is priced at $26 per square foot. Tract 6 also measures approximately 1.58 acres (68,704 square feet) and is priced at $28 per square foot. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial developments. The land is zoned for commercial use, providing flexibility for various projects. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire strategically located commercial land in a thriving Houston market. Don't miss out on this chance to secure a valuable asset in a high-growth 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.