Property profile

23650 Kingwood Place Dr Houston, TX 77339

FOR SALE
Auto shops
Property ID
US83-2325738
7,004 SF 3.55 ac lot Built 1994
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.71-acre commercial land parcel presents a remarkable investment opportunity in Houston, Texas. Located at 23650 Kingwood Place Drive in Montgomery County, zip code 77339, this property boasts approximately 291 feet of frontage on Kingwood Place Drive, ensuring high visibility and accessibility. The land is priced at $521,413.20, translating to a competitive $7 per square foot land value. This strategically located site offers significant potential for development, with the possibility of subdivision into smaller parcels ranging from 1.0 to 1.25 acres. The property benefits from convenient access to essential utilities, including city of Houston water and sewer services. Furthermore, natural gas and fiber optic cable connections are readily available at the property line, streamlining infrastructure needs for future construction projects. This prime location in a thriving area of Houston makes this a highly desirable site for a variety of commercial ventures. The coordinates are 30.0578712 latitude and -95.2546102 longitude. Don't miss this chance to acquire a well-positioned commercial land parcel with excellent development potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1994
Total area 7,004 SF
Lot 3.55 ac (154,594 SF)
Zoning code 5
APN 6433-30-00100
UPID US83-2325738

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

Location

23650 Kingwood Place Dr Houston, TX 77339
Houston metro Census 692303 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

5 · Kingwood, TX

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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