8011 Montgomery Rd Houston, TX 77088
- Specialty properties
- 4,643 SF
- 1.51 lot acres
Current Use by Public Records
- Morgan Harris Funeral Home / Funeral Home
- Loving Memories Mortuary / Funeral Home
Property Details for 8011 Montgomery Rd
- Year built
- 1980
- Construction
- FRAME
- Lot size
- 1.51 lot acres
- Property size
- 4,643 SF
- Property type
- Specialty properties
- APN
- 162660000006
- APU
- 162660000006
Description
This exceptional commercial property, located at 8011 W Montgomery Rd, Houston, TX 77088, presents a unique investment opportunity. The 65,815 square foot lot houses a 6,039 square foot, single-story, Class C building constructed in 1980. Currently operating as a funeral home, the property offers immediate cash flow potential and existing infrastructure. The property's zoning is commercial, allowing for diverse redevelopment options, including retail, mixed-use, or continued use as a funeral home. Its high-visibility location on W Montgomery Rd provides excellent traffic exposure and ample on-site parking. The property is situated in a rapidly growing area of Harris County, offering strong potential for long-term value appreciation. This one-unit property boasts significant road frontage, making it ideal for a variety of commercial ventures. The asking price is $1,448,000, with an occupancy date of October 6, 2024. This versatile property offers a compelling blend of immediate income potential and significant future development possibilities in a thriving Houston market. The property's size and location make it a rare find for investors seeking a high-impact commercial investment. The APN is 0162660000006.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $220,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $250,000
- Mixed-Use
- $195,000
- Hospitality
- $235,000
- Educational
- $210,000
- Residential Income
- $200,000
- Energy
- $190,000
- Income-Based Land
- $200,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4316
- Latitude
- 29.8658
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
