7920 Montgomery RdHouston, TX 77088

  • Commercial land
  • 3.39 AC
For Lease
$37,750/SF/YR View listing

Property Details for 7920 Montgomery Rd

Lot size
3.39 AC
Property type
Commercial land
APN
162660000004
APU
162660000004

Description

This exceptional 2.88-acre commercial, residential, and industrial land parcel presents a remarkable development opportunity in Houston's Acres Home area. Located at 7920 W Montgomery Rd, Harris County, TX 77088, this single-tenant property boasts a prime location just miles from I-45 North Freeway, ensuring high visibility and accessibility. The property features dual entrances, facilitating convenient ingress and egress for any development. With significant street frontage on W Montgomery Rd, the site benefits from substantial daily traffic volume, estimated at approximately 13,632 vehicles per day. The property's zoning is commercial, offering versatility for a wide range of development projects, from retail and office spaces to residential units. Recent development in the surrounding area further enhances the investment potential. The APN is 0162660000004. This is a rare chance to acquire a sizable tract of land in a rapidly growing section of Houston, offering significant potential for substantial returns. The property's cross street is Wheatley.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $65,639,800
    Retail / Commercial
    $32,990,900
    Mixed-Use / Specialty
    $32,346,200
    Hospitality / Lodging
    $23,045,100
    Office
    $31,605,000
    Institutional / Educational
    $33,438,600
    Residential Income
    $39,123,200
    Multifamily
    $49,844,300
    Automotive / Energy
    $28,661,700
    Parking / Income-Based Land
    $10,411,500
    Restaurant / Food Service
    $15,698,600
    Healthcare / Senior Housing
    $33,710,900

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8665
Longitude
-95.4306
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
$11,911
$1,171,548
-
$1,171,548
-
$1,171,548
-
$1,171,548

FAQs

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