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Property profile & analytics
OFF-MARKET
Land

0 Tx-249 Houston, TX 77064

0.85 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.85-acre commercial land parcel in Houston, Texas, presents a compelling investment opportunity. Strategically located on SH 249 at Mills Road, near Willowbrook Mall, this property boasts high visibility and significant growth potential. The site is divided into two reserves: Reserve "C" (0.6898 acres) and Reserve "D" (0.1693 acres). A key feature is the existing income generated from two billboard leases, providing a steady stream of revenue for the owner. This prime location offers excellent exposure to high traffic volumes on SH 249, making it ideal for various commercial ventures. The property's proximity to Willowbrook Mall further enhances its desirability and potential for future development. This recently price-reduced offering presents a rare chance to acquire a well-situated, income-producing property in a thriving Houston market. The detailed terms of the billboard leases are available upon request. This is an excellent opportunity for investors seeking a strong return on investment in a high-traffic area with significant future development potential. The property's zip code is 77064.

Property profile
Verified
Property type Land
Lot 0.85 ac (37,026 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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