Technical
Financial
Distress signals
Property profile

3101 Sage Rd 56 Houston, TX 77056

OFF-MARKET
Hotels
Property ID
US82-2660087
7,744 SF 1 ac lot Built 1962
Entity Owned 6-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Hotels
Use group HOTEL
Year built 1962
Construction WOOD FRAME
Total area 7,744 SF
Lot 1 ac (43,560 SF)
APN 451400060004
UPID US82-2660087

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
  • Parking Lot & Garage
  • Hotel & Motel
  • Consultant
  • Travel Agency Vacation Rental
  • Hotel & Motel

Location

3101 Sage Rd, Unit 56 Houston, TX 77056-6305
Houston metro Census 431902 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3101 Sage Rd, Unit 56?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message