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Property profile & analytics
OFF-MARKET Estimated value $895,000
Banks

1859 Kingwood Dr Kingwood, TX 77339-3047

3,753 SF 0.8 ac lot Built 1978
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US82-2045876
Property summary
AI-generated overview

This exceptional retail property, a former bank building, presents a unique investment opportunity in the thriving Kingwood, Texas market. The building boasts 2,961 square feet of usable space, ideally suited for a variety of retail ventures. Situated on a 0.85-acre lot, the property offers ample space for expansion or additional development. Its strategic location on Kingwood Drive provides excellent visibility and accessibility, benefiting from its position as an east/west connector to the Eastex Freeway, ensuring high traffic volume and prominent exposure to potential customers. The building's previous use as a bank suggests a solid foundation and potentially desirable features, such as secure vaulting or robust security systems. This property is perfect for an entrepreneur seeking a well-established location with high traffic counts or an investor looking for a strong return on investment in a rapidly growing area. The property's address is 1859 Kingwood Drive, Houston, Texas, 77339, within Harris County. The substantial lot size offers significant potential for future development or expansion, making this a truly versatile and attractive commercial property. This is a rare opportunity to acquire a well-positioned retail space in a desirable Kingwood location.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1978
Construction WOOD FRAME
Total area 3,753 SF
Lot 0.8 ac (34,979 SF)
APN 1126420000002
UPID US82-2045876
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
$785k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$895k
Owner & transaction history
Smart Financial Credit Union · 1 yrs held
Smart Financial Credit Union
since 2025
Last sale
$950,000
3 recorded transactions
2025
$950,000
2020
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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