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3535 Sage Rd Houston, TX 77056-7070

OFF-MARKET Office buildings Google Maps
82,488 SF 5.34 ac lot Built 1975
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$565k
Range $509k – $622k (±10%)
Property ID US82-0954722

Property summary

AI-generated overview

This exceptional 8.207-acre commercial land parcel presents a remarkable investment opportunity in Houston's prestigious Galleria/Uptown submarket. Strategically located at 3535 Sage Rd, in Harris County, Texas, zip code 77056, this property boasts significant frontage: approximately 830.7 feet on Highway 59 and approximately 744.6 feet on Sage Road. The expansive lot size translates to roughly 357,496 square feet, offering unparalleled development potential. City of Houston utilities are readily available, simplifying infrastructure needs. The asking price is $22,000,000, translating to approximately $60 per square foot. This prime location, combined with its substantial size and convenient access to major thoroughfares, makes this property ideal for a wide range of commercial developments. Given its high visibility and desirable address within a thriving business district, this land parcel represents a rare chance to acquire a significant asset in one of Houston's most sought-after areas. The property's location offers easy access to major transportation arteries, ensuring excellent connectivity for any future development. This is a unique opportunity to secure a substantial land holding in a high-growth area of Houston.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 82,488 SF
Lot 5.34 ac (232,488 SF)
APN 421540000033
UPID US82-0954722

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$502k
Blend (final) Blend
$565k

Owner & transaction history

1 recorded transaction
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
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