Property profile

5309 Mcculloch Cir Houston, TX 77056

OFF-MARKET
Commercial land
Property ID
US82-1077474
898 SF 0.15 ac lot Built 1951
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,600 square foot vacant lot presents a remarkable commercial or residential development opportunity in Houston's highly desirable 77056 zip code. Strategically located just outside Loop 610, this property boasts a significant 60-foot frontage on both Richmond Avenue and McCulloch Circle, providing unparalleled visibility and accessibility. The permitted zoning allows for flexible development options, catering to a wide range of commercial or residential projects. The property's prime location offers easy access to major thoroughfares, making it an ideal site for businesses or residential complexes. This is a rare chance to acquire a substantial parcel of land in a thriving area with strong potential for significant return on investment. Adding to its appeal, owner financing is available, making this an even more attractive proposition for discerning buyers. The lot's size and location make it a truly exceptional investment opportunity in the heart of Houston. Don't miss this chance to secure a piece of Houston's vibrant real estate market. The property is located at 5309 McCulloch Cir, Houston, TX 77056. The asking price is $950,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1951
Total area 898 SF
Lot 0.15 ac (6,599 SF)
APN 770870080015
UPID US82-1077474

Cap rate & NOI

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

Location

5309 Mcculloch Cir Houston, TX 77056-6618
Houston metro Census 432004 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
1999
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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