519 Oak St Highlands, TX 77562-2847
This exceptional commercial property, located at 519 Oak Street in Highlands, Texas (zip code 77562, Harris County), presents a unique redevelopment opportunity. The 1.26-acre lot features a single-story, 4,494 square foot building constructed in 1970. The property boasts a strategic corner location in the unincorporated Highlands area, offering high visibility and accessibility. Its advantageous position backs up to an elementary school and is adjacent to residential properties, providing a built-in customer base. A recently constructed gas station across the street further enhances the property's commercial appeal. The asking price is $229,900, translating to $51.16 per square foot and $182,622 per acre. The property's APN is 0572690000184. A significant advantage is the presence of an approximately 80 x 130 foot stabilized base located behind the existing building. This property is classified as Retail and Land, with a single tenancy. The property falls within the CG - Outer Southeast North submarket. This presents a compelling investment opportunity for those seeking to capitalize on the area's growth potential.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.