± 1.17 Acres | DEVELOPMENT OPPORTUNITY IN GARDEN OAKS
824 & 828 W 32nd St, Houston, TX
Marketing description
±1.17 Acre Development Opportunity | Garden Oaks | Houston, TX
DMRE is pleased to present a rare ±1.17-acre development opportunity in one of Houston's most sought-after inner-loop neighborhoods. Located at 824 & 828 W 32nd St in the heart of Garden Oaks, this site offers an exceptional combination of strong demographics, affluent consumer base, and immediate proximity to some of Houston's most vibrant retail and entertainment destinations.
Site Highlights:
- ±1.17 acres | Survey in hand (1.1784 acres per survey)
- City of Houston utilities
- Tax rate: 2.09% | Zoned to Houston ISD
- Does not lie within the 100-year floodplain per survey
Premier Inner-Loop Location: Situated less than one mile north of the 610 Loop with convenient access to US 290 (2 miles west), I-45 via the 610 Loop, and I-10 (5 miles south). The site is steps from Stomping Grounds, a vibrant mixed-use development featuring 8,000 SF of green space and 26,000 SF of retail and restaurants.
Affluent & Rapidly Growing Trade Area: The 1-mile trade area projects an extraordinary 26.2% population growth over five years, with an average household income of $184,167 and median home values of $457,550. Over 408,000 residents within 5 miles provide deep and expanding demand.
Surrounded by Demand Drivers: Whole Foods, H-E-B, Kroger, Lowe's, Home Depot, Five Guys, Salata, Starbucks, Chick-fil-A, CVS, Walgreens, and Memorial Hermann are all located within close proximity, validating the strength of the surrounding retail corridor.
Close to Houston's Best: Stomping Grounds (2 min), Shady Acres (6 min), The Heights (9 min), Downtown Houston (17 min), and George Bush Intercontinental Airport (25 min).
Investment highlights
Investment Highlights
Irreplaceable Inner-Loop Land Position Infill development sites of this size are exceptionally rare inside the 610 Loop. At ±1.17 acres in Garden Oaks, this parcel represents one of the few remaining opportunities to develop at scale in one of Houston's most desirable and supply-constrained submarkets.
Explosive Population Growth The immediate 1-mile trade area is projected to grow 26.2% over the next five years — one of the highest growth rates of any inner-loop submarket in Houston — driven by continued gentrification, new construction, and strong in-migration of young professionals and families.
Exceptionally Affluent Consumer Base Average household income reaches $184,167 within 1 mile and $160,917 within 3 miles, with median owner-occupied home values of $457,550 in the immediate trade area. Garden Oaks median home sale prices are approximately $820,000, reflecting a 14.3% year-over-year increase.
Survey in Hand — Reduced Due Diligence Risk A boundary survey has already been completed on the property, reducing timeline uncertainty and allowing prospective developers to move quickly into entitlements and site planning.
Favorable Infrastructure City of Houston utilities are in place and the property does not lie within the 100-year floodplain, reducing development risk and cost relative to comparable Houston land opportunities.
Vibrant Retail & Entertainment Ecosystem The site is immediately adjacent to Stomping Grounds and surrounded by a dense network of national and local retailers including Whole Foods, H-E-B, Kroger, Lowe's, Home Depot, Chick-fil-A, Five Guys, Starbucks, CVS, Walgreens, and Memorial Hermann, providing exceptional co-tenancy and proven consumer traffic.
Competitive Tax Rate At 2.09%, the property carries one of the lower tax rates available for an inner-loop Houston development site, benefiting future owners and operators.
Exceptional Connectivity Less than one mile from the 610 Loop with easy access to US 290, I-45, and I-10, placing the site within minutes of Downtown Houston, Uptown/Galleria, The Heights, and major employment centers throughout the metro.
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