9700 Bissonnet StHouston, TX 77036

  • Office buildings
  • 424,097 SF

Property Details for 9700 Bissonnet St

Year built
1975
Construction
CONCRETE BLOCKS
Lot size
18.51 AC
Property size (Sq ft)
424,097 SF
Property type
Office buildings
APN
1044250000002
APU
1044250000002

Description

This exceptional commercial land offering presents ±0.5 to ±1.5 acre tracts for sale, boasting prime frontage on Bissonnet Street in Houston, Texas. Located near the intersection of Highway 59 and Bissonnet, this property benefits from exceptional visibility and accessibility, with high daily traffic volumes on both major thoroughfares. The site's adjacency to established businesses like Momentum BMW and Bank of America further enhances its desirability. Individual pad sites offer lighted access via Plainfield Street and up to 500 feet of frontage, ideal for a variety of commercial uses including quick-service restaurants, retail, medical facilities, or automotive businesses. An additional 10.7-acre tract is also available for separate sale. This thriving area boasts a dense population, with over 1.5 million people residing within a 20-minute drive. Development is further incentivized by the availability of funding for additional detention, parking, and signage through Harris County's TIRZ 20 (Tax Increment Reinvestment Zone) program. Multiple pylon sign opportunities exist, maximizing exposure for businesses. This is a unique opportunity to acquire highly visible commercial land in a rapidly growing area with excellent access and significant development incentives. The property is zoned for commercial use and is located at 9700 Bissonnet St, Houston, TX 77036.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $86,855,768
    6.5%
    $80,174,560
    7%
    $74,447,800
  • Comparable approach

    Method
    Valuation
    Relative Method
    $62,685,476
    Geo Method
    $126,970,400
  • Alternative Use

    Use
    Valuation
    Residential
    $99,416,448
    Hospitality
    $91,064,936
    Educational
    $75,764,952
    Medical
    $78,370,632
    Retail
    $117,856,600

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6775
Longitude
-95.5455
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$201,742
$7,256,502
$14,426,299
$21,682,801
-
$7,256,502
$14,426,299
$21,682,801

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