1908 Little York RdHouston, TX 77093

  • Commercial real estate
  • 2,520 SF

Property Details for 1908 Little York Rd

Year built
1950
Construction
WOOD FRAME
Lot size
0.48 AC
Property size (Sq ft)
2,520 SF
Property type
Commercial real estate
APN
582450010019
APU
582450010019

Description

This exceptional 20,858 square foot commercial land parcel presents a remarkable investment opportunity in Houston, Texas. Located at 1908 Little York Road, in Harris County, zip code 77093, this property boasts prime frontage and convenient access to major thoroughfares, including the Hardy Toll Road and Highway 59. Its commercially zoned status allows for a variety of development options, making it suitable for single-office buildings or small retail establishments. The location offers significant advantages, situated within a half-mile radius of several established businesses, including O'Reilly Auto Parts, Jack-in-the-Box, AutoZone, Shipley's Donuts, an Exxon gas station, Dairy Queen, and a Dollar Tree. This high-traffic area ensures excellent visibility and accessibility for any future development. The property's size and strategic location within an upcoming commercial zone make it an attractive proposition for investors seeking strong returns and significant growth potential. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Houston neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $584,914
    6.5%
    $539,920
    7%
    $501,354
  • Comparable approach

    Method
    Valuation
    Relative Method
    $372,479
    Geo Method
    $754,463
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,121,350
    Retail / Commercial
    $563,595
    Mixed-Use / Specialty
    $552,582
    Hospitality / Lodging
    $393,688
    Office
    $539,920
    Institutional / Educational
    $571,244
    Residential Income
    $668,356
    Multifamily
    $851,508
    Automotive / Energy
    $489,638
    Parking / Income-Based Land
    $177,864
    Restaurant / Food Service
    $268,185
    Healthcare / Senior Housing
    $575,896

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8705
Longitude
-95.3558
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
2020
$2,252
$396,302
$31,804
$428,106
-
$396,302
$31,804
$428,106

FAQs

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