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$599,000

8243 Telephone Rd, Houston, TX, 77061

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths4,420 Sq Ft
Year BuiltBuilt in 1948

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size19,998 sqft

Building Information

Year Built1948

Land Information

APN0650500040007
Lot Number7-10
SubdivisionAirport Place
Land UseIndustrial
Legal DescriptionLTS 7 8 9 & 10 BLK 4 AIRPORT PLACE
Census Tract980000
Assessed Land Value$100,000
Assessed Improvement Value$187,786
Assessment Year2025

About this property

Incredible value-in-land opportunity situated in the heart of the rapidly growing Greater Hobby Area. This 19,998 sq. ft. commercial lot (0.46 acres) boasts approximately 100 feet of high-visibility frontage on the bustling Telephone Road corridor. Surrounded by established businesses and high-demand commercial developments, this level, rectangular parcel is perfectly positioned for success less than one mile from William P. Hobby Airport. The site currently features a 4,420 sq. ft. commercial building (built in 1975) offered strictly for lot value as a full renovation or teardown project. Sold as-is, where-is, this property provides a versatile footprint for a custom build, professional office, or specialized facility in a high-traffic urban setting. Public utilities are available.

Investor Tools

$0Estimated Mortgage Balance
$287,786Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

Interested in this property?

Sharlene Le

Exceed Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$433/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,763
$287,786
2025
$100,000
$187,786
$287,786
No

Tax History

Year
Tax Paid
Assessed Value
2020
$3,763
$287,786

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$287,786
100%
0%
$0/mo

Learn About the Market: Opportunity in Houston

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Explore

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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8243 Telephone Rd | Property Details | No Agent List