Property summary
This exceptional 1-acre property at 3101 Sage Rd, Houston, TX 77056, presents a unique redevelopment opportunity in the heart of the Galleria area. The existing structure is a two-story hotel/apartment complex totaling between 22,176 and 99,384 square feet, spread across nine stories. The property boasts an existing parking garage, adding significant value to the redevelopment potential. Its prime location offers easy access to major thoroughfares, including Loop 610 and I-69/Hwy 59, ensuring excellent connectivity. The site is fully fenced and gated, enhancing security. Existing amenities include a swimming pool and cell towers, providing additional income streams or potential for expansion. The property is zoned without restrictions, allowing for a wide range of development possibilities. This income-producing asset presents a rare chance to capitalize on the Galleria's thriving market and create a high-value development. The property's size and location make it ideal for a variety of projects, from luxury apartments to mixed-use developments. This is a truly exceptional opportunity for investors seeking a high-impact project in a prime Houston location. Harris County location offers further advantages.
Property profile
VerifiedCap rate & NOI
Current use
-
Parking Lot & Garage
-
Hotel & Motel
-
Consultant
-
Travel Agency Vacation Rental
-
Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight