2939 Woodland Park Dr 185, Houston, TX 77082-2687
This exceptional 3.58-acre (approximately 155,988 square feet) commercial land parcel presents a remarkable redevelopment opportunity in Houston's desirable Westchase District. Strategically located at the southwest corner of Woodlands Park Drive and Meadowglen Lane, just south of Westheimer Road, this unrestricted property boasts unparalleled access and visibility. Situated within 10 minutes of City Centre and 25 minutes from Downtown Houston, the site benefits from a dense population base—over 500,000 people reside within a 5-mile radius. The Westchase District's thriving economy is underscored by the presence of major corporations including Metlife, Honeywell, National Oilwell Varco, and Bank of America, alongside numerous engineering and construction firms. This location offers a compelling blend of residential, retail, medical, dining, entertainment, and business park potential, catering to a high median income area approximately 6% above the city average. The property enjoys direct access to Westheimer Road and Royal Oaks Country Club, enhancing its appeal and accessibility. Furthermore, this site is located outside the 100-year floodplain, mitigating potential flood-related risks. This is a rare chance to acquire a significant land holding in a high-growth area with diverse development possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.