08/10/2026
From Development Land to 100+ New Homes
Sometimes successful commercial real estate brokerage begins with looking at a property differently.
Not that long ago, Ray Allison Realtors was engaged to market an approximately seven-acre tract in North Houston. The property had been on the market for several years with different brokers, with a last asking price for the entire tract of just under $7 million.
After working with the property and evaluating the market, it became clear that the best solution wasn’t necessarily finding one buyer for all seven acres.
The strategy changed.
The property was divided into two marketing tracts — one fronting West Tidwell and another fronting West Donovan — and ultimately both tracts sold, to different buyers for different uses.
The 5+ acre Donovan tract shown here was purchased by a homebuilder and is now becoming Shepherd Heights, with underground infrastructure and streets in place and development underway for more than 100 patio homes.
It’s gratifying to see what was once underutilized land becoming an entirely new residential community.
We’re grateful to the sellers who trusted us to rethink the marketing strategy, and to the buyer and their broker for working with us to complete the transaction.
We figured out how the property needed to be sold — and then we sold it.
That’s what experienced commercial real estate brokerage should do.
If you own development land, industrial, office or retail property and are considering a sale or lease — or simply need another perspective on what to do with it — we’d be happy to have a conversation.
And to our residential and commercial brokerage colleagues: Ray Allison Realtors welcomes referrals and pays referral fees on transactions that result in a commission.