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Property profile & analytics
OFF-MARKET
Land

Houston TX Chimney Rock Rd And Indian Cir Houston, TX 77056

0.79 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.79-acre development opportunity is located in Houston, Texas, within Harris County, at the intersection of Chimney Rock Rd and Indian Cir, zip code 77056. The property boasts unrestricted zoning, making it ideal for multifamily development. Its prime location offers convenient access to major thoroughfares including I-10, I-610, I-69, and I-45, ensuring seamless connectivity throughout the city. Furthermore, this site is minutes from the Uptown/Galleria area, Houston's 17th largest business district, renowned for its high-fashion retail and hotels. The property's proximity to the Galleria mall (the fourth largest retail complex in the US and Houston's top-performing mall) and other key areas like Memorial Park, River Oaks, Upper Kirby, The Heights, Washington Corridor, Rice Village, and Memorial City within a 5-mile radius, adds significant value. The site is zoned to Memorial Schools, a highly desirable school district. The APN numbers are 0421060000075 and 0450890010034. This presents a rare chance to develop a multifamily project in a thriving, high-demand location.

Property profile
Verified
Property type Land
Lot 0.79 ac (34,412 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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