0 Leitz Rd
10 acres in the Greater Hobby Area, priced at the adjacent 10-acre sale, with room for about 144 townhomes or 240 apartment units.
10.0 acres (435,600 SF) with about 400 feet of frontage on Leitz Rd, just off Telephone Rd in southeast Houston. Minutes from Hobby Airport, Beltway 8, I-45 and Almeda Genoa. City of Houston, no zoning. Currently wooded, vacant land.
The area is filling in fast: 107 townhomes sit about 300 feet west, and new subdivisions within a mile include Forbes Crossing, Clearwood Crossing and Wayfarer Heights. Multifamily and senior communities nearby include Park Boulevard Lofts, The Laurel at Blackhawk and Sterling Court Senior Residences, and several complexes within 10 miles are owned through public housing finance corporations, making this a strong setting for workforce, affordable or build-to-rent housing.
Concept plans in the photos show two ways to build it: a 144-unit townhome community (14.4 units per acre, 2-car garages, clubhouse, pool and detention lake) or a 240-unit garden-style apartment community (eight 3-story buildings, about 400 parking spaces). The last three photos show existing townhome communities nearby.
Deal Breakdown
- Asking price: $1,200,000 ($2.75 / land sqft, $120,000 / acre)
- Nearby land sales: 4 closed 7.8 to 10 acre sales within 3.6 miles since late 2024 average $3.08 / sqft ($134,000 / acre)
- Adjacent 10-acre tract: sold for $1,200,000 in January 2025 (same size, same flood zone)
- Comp-supported value: about $1,340,000, roughly $140,000 above asking
- Land cost per unit: about $8,300 per townhome or $5,000 per apartment unit on the concept plans
- Flood zone: FEMA Zone AE (not floodway). Fill, detention and finished-floor elevation per City of Houston Chapter 19
- Parcel ID: HCAD 0641110000031 (Lot 31, G D Samuell)
- Closing: cash or hard money, closing through title
Concept plans are illustrations only, not engineered site plans. Buyer to verify utilities, floodplain requirements, access, deed restrictions, platting and all information. Not an appraisal.
| Property Type | Land |
| Status | Available |
| Asking Price | $1,200,000 |
| ARV | $1,340,000 |
| Location | 0 Leitz Rd, Houston, TX 77075 |
| Comp Address | Bd | Ba | Sqft | Sold | $/Sqft | Sold Date | Dist |
|---|---|---|---|---|---|---|---|
| 10703 Leitz Rd, Houston TX 77075 10.0 ac land, adjacent tract, same flood zone. $2.75/sf. 87 DOM, sold at list | - | - | 435,600 | $1,200,000 | $3 | Jan 2025 | 0.18 mi |
| 6402 S Acres Dr, Houston TX 77048 9.09 ac land. $3.41/sf. 149 DOM | - | - | 395,960 | $1,350,000 | $3 | Feb 2025 | 3.19 mi |
| 6735 E Orem Dr, Houston TX 77048 8.39 ac land. $4.10/sf. 22 DOM | - | - | 365,468 | $1,500,000 | $4 | Mar 2025 | 2.21 mi |
| 00 Max Rd, Pearland TX 7.82 ac land. $2.04/sf. 243 DOM (slow sale) | - | - | 340,639 | $695,000 | $2 | Feb 2026 | 3.58 mi |
Houston, TX 77075