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$393,913

NAL Estimated Property Value

8033 Lockwood Dr, Houston, TX, 77016

Off MarketInfo
Baths2,060 Sq Ft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size32,622 sqft

Building Information

Year Built1966
Stories1

Land Information

APN0570050010046
Lot Number46
SubdivisionIndependence Home
Land UseCommercial
Legal DescriptionLT 46 & TRS 47B & 48B BLK 1 INDEPENDENCE HOME
Census Tract230400
Assessed Land Value$293,598
Assessed Improvement Value$100,315
Assessment Year2025

About this property

This property is currently operating as an auto inspection station and is situated on a 1.5327-acre lot near the high-traffic intersection of Lockwood Drive and Weaver Road. Its prime corner location offers exceptional commercial potential, making it an ideal site for a variety of uses, including a food mart, restaurant, automotive services, retail space, or multi-family development. Positioned at a major intersection with access to public transportation and consistent daily activity, this property presents a strong opportunity for high-visibility commercial or mixed-use development.

Investor Tools

Property Icon
$393,913
Estimated Property Value
$0Estimated Mortgage Balance
$393,913Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$469/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,658
$393,913
2025
$293,598
$100,315
$393,913
No

Tax History

Year
Tax Paid
Assessed Value
2020
$3,658
$393,913

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$393,913
100%
0%
$0/mo

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.

Explore Texas Explore This Area
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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8033 Lockwood Dr | Property Details | No Agent List