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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.