0 Highland Cross Dr Houston, TX 77073
This exceptional 3.43-acre commercial land parcel presents a compelling investment opportunity in Houston, Texas. Strategically located on the southeast corner of Highland Cross Drive and Gatewick Lane, this property boasts over 530 feet of frontage on Highland Cross Drive and over 250 feet on Gatewick Lane. Its prime location offers unparalleled visibility, situated just 1,500 feet from I-45 and 450 feet from FM 1960, benefiting from high daily traffic counts exceeding 27,000 vehicles on FM 1960 and over 176,000 on I-45. The land is partially cleared and situated in a high-density retail and residential area. The property is conveniently located only three miles northwest of George Bush Intercontinental Airport and approximately one mile from the Hardy Tollway. Further enhancing its appeal, this property is not located within a flood plain, according to FEMA maps, and utilities are readily available through North Park PUD. Located in Harris County, Spring ISD, and within the North Park PUD, the property has a 2022 combined tax rate of $2.27 per $100 of assessed value. A complete survey and demographic data package is available upon request. The asking price is $2,502,630, translating to a land value of $16.75 per square foot. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Houston market.
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.
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.