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Property profile & analytics
OFF-MARKET
Land

1206 Brooks St Houston, TX 77009

Property ID
Property summary
AI-generated overview

This exceptional 77009 Houston property presents a unique covered land investment opportunity with existing income. Located at 1206 Brooks Street, this Harris County land boasts a prime location directly across from the Prose and Hardy Yards Apartments, a substantial Class A multifamily development (approximately 1,200 units, fully stabilized or soon to be). The area is experiencing significant revitalization, with a major retail redevelopment project underway in the immediate vicinity. This presents an ideal setting for a full-service restaurant, brewery, or other retail development, capitalizing on the high foot traffic and growing residential population. The property's proximity to the University of Houston-Downtown campus, Saint Arnold's Brewery, and Bad Astronaut Brewery (with Meow Wolf projected to draw 750,000 annual visitors) further enhances its desirability and potential for high returns. There are no known restrictions on the property, making it a flexible and attractive investment. This is a rare chance to acquire a covered land play with existing income in a rapidly developing Houston neighborhood.

Property profile
Verified
Property type Land
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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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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