Current Use by Public Records
- Land
Property Details for 12444 Cityscape Ave
- Year built
- 2025
- Lot size
- 4.50 lot acres
- Property type
- Land
- Property subtype
- Self storage facilities
Description
This exceptional mid-construction self-storage development opportunity in Houston, Texas, presents a compelling investment proposition. Situated on a 4.5-acre lot at 12444 Cityscape Ave, Houston, TX 77047, this project is well underway, with the concrete slab and elevator shaft already completed. An estimated five months of construction remains, requiring an additional $7.75 million investment. Upon completion, this facility will boast 782 units totaling 93,975 net rentable square feet, including 671 climate-controlled units and 111 non-climate-controlled units. Projected to achieve a $16.5 million valuation at Certificate of Occupancy (CO), the property's value is expected to exceed $20 million upon stabilization. Its strategic location directly off Highway 288, a major thoroughfare with over 148,000 daily vehicle passes, ensures high visibility and accessibility. The area's low per capita NRSF (3.01) within a three-mile radius highlights a significant competitive advantage over existing facilities. Houston's robust economy, driven by energy, healthcare, aerospace, and manufacturing sectors, further strengthens this investment's potential. This development capitalizes on the city's ongoing growth and revitalization initiatives, offering a rare opportunity to acquire a high-quality asset in a prime market. The asking price is $6,500,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3867
- Latitude
- 29.6207
