Property profile

17970 Gulf Fwy Friendswood, TX 77546

OFF-MARKET
Automotive properties
Property ID
US82-5363256
49,191 SF 11.04 ac lot Built 2021
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9.773-acre commercial land parcel boasts 398.82 feet of frontage on the Gulf Freeway (I-45 South feeder road). Its strategic location sits directly between the off-ramp and on-ramp, providing unparalleled visibility and accessibility for businesses. The property is already platted with the City of Houston, simplifying the development process. Essential utilities, including water and storm drainage, are readily available, minimizing infrastructure costs. This prime location offers significant potential for a variety of commercial ventures, capitalizing on the high volume of traffic along this major thoroughfare. The expansive lot size allows for substantial development opportunities, making it an ideal investment for businesses seeking high visibility and convenient access to a major transportation artery in the thriving Harris County, Texas market. The property is located in Friendswood, TX, zip code 77546, at 17970 Gulf Fwy.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2021
Construction METAL FRAME
Total area 49,191 SF
Lot 11.04 ac (480,920 SF)
APN 1409450010001
UPID US82-5363256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Vehicle Inspection Center
  • Car Dealership
  • Electric Vehicle Charging Station
  • Car Dealership
  • Auto Repair Shop Vehicle Inspection Center

Location

17970 Gulf Fwy Friendswood, TX 77546-2723
Friendswood metro Census 350601 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.75M

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $4.8M +7.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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