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$145,000

NAL Estimated Property Value

0 Newly Drive, Houston, TX, 77084

Off MarketInfo
Baths0 Bath

About this property

Positioned in the rapidly developing Northwest Houston corridor, this 0.69 acre tract offers an exceptional opportunity for investors and developers seeking land in one of the most dynamic growth markets in Harris County. The property totals approximately 30,100 square feet and is currently zoned as residential vacant land, providing flexibility for custom home construction, small scale residential development, or possible commercial adaptation with county approval. Public water and sewer service are available, and the rectangular layout supports efficient site planning for multiple structures or a private estate build. The area surrounding Newly Drive has experienced steady expansion with new housing, retail, and infrastructure investment driving long-term appreciation. Nearby access to major thoroughfares including Highway 6, FM 529, and Interstate 10 connects the property to Katy, Cypress, and Houston’s Energy Corridor, ensuring continued demand from both residential and commercial users. With limited available parcels of this size in such a prime location, this lot presents a compelling blend of location, scale, and potential. Priced at $145,000, it represents a rare chance to secure nearly three quarters of an acre inside Houston’s growth belt ideal for investors ready to capitalize on the city’s westward expansion.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$870 /month
Positive
Cash Flow Estimate:
$290 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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0 Newly Drive | Property Details | No Agent List