ΣΧ  Epsilon Xi House Hunt

Property review · new-york-6531

6531 New York St

Houston, TX 77021 · Warehouse / redevelopment site · Conditional

$279,000Asking price / reported value0.2342 ac10,200 sq ft lot3,600 sq ftExisting building56/100Provisional score · 2 unverified categories

Listing: Active in cited HAR and Zillow listings; long-term tenant reported; reconfirm availability and possession terms. Verification: UNVERIFIED listing; ESTIMATED route; UNKNOWN flood; UNKNOWN legal use.

Getting to UH

Closest practical point: UH Lot 8A · Cullen Boulevard entrance

Quickest observed drive: 2.4 mi · 7 min observed

Peak weekday: UNKNOWN — departure-time estimate pending

Via Calhoun Road. Google Maps Sunday afternoon snapshot; live traffic and routing can change.

Google Maps driving directions · checked 20 Sep 2026

Open live directions

Listing & photos

Source listingSource gallery

Property & potential

A roughly 10,200-square-foot site with an approximately 3,600-square-foot warehouse. The listing presents rehabilitation or teardown as alternatives and reports a long-term tenant. Existing occupancy, lease termination rights, building condition, residential conversion feasibility and fraternity use are not established.

Building: 3600 sq ft · Year built: UNKNOWN — research pending · Beds/baths: UNKNOWN — research pending / UNKNOWN — research pending

Parking, housing, chapter/event capacity: UNKNOWN parking; UNKNOWN housing. Read the findings below; no legal capacity is inferred.

Potential plan: Existing-property concepts only: first test whether the warehouse can legally and economically convert to housing and chapter functions; compare that against demolition and a replacement building. Do not treat a phased vacant-land plan as the default while the structure and tenancy remain in place.

Overall view: Conditional — the ask is below the acquisition target, but the small site, warehouse conversion, tenant rights, legal use, housing capacity and all-in cost are unresolved. The first gate is a lease/title/code package plus a measured site and building test fit.

Flood, legal use & transit

Flood: UNKNOWN; FEMA and Harris County status must be checked by parcel. Flood-insurance quote: UNKNOWN.

Deed/HOA restrictions: UNKNOWN; fraternity residential/assembly use: UNKNOWN.

Transit: UNKNOWN — review listing notes and METRO source. Safety: Site-specific assessment not established unless recorded below.

Location pin: 29.6959, -95.3512 (Approximate listing-area center; exact parcel pin pending verification).

Findings, sources & due diligence

Existing warehouse and tenant · Major diligence item

The listing reports about 3,600 square feet of warehouse space and a long-term tenant. It does not establish usable residential or assembly condition, vacant possession, lease economics or a lawful conversion path.

Next: Obtain the lease, rent roll, inspection access, certificate of occupancy and a contractor/code feasibility review.

Source: HAR / Zillow listing View source

Legal chapter use · Unverified

Recorded restrictions, plat notes and approval for fraternity residence, meetings and events have not been reviewed. The property's current warehouse or land marketing does not prove the proposed uses are permitted.

Next: Order title/restriction documents and request written use and change-of-occupancy guidance for the exact program.

Source: County and City review pending View source

Flood, safety and insurance · Unverified

Effective flood mapping, local drainage history, site-specific safety conditions and fraternity-related insurance pricing remain unverified.

Next: Complete parcel flood/drainage review, evening site visit, incident-context review and insurance indications.

Source: Property-specific diligence pending View source

Small site envelope · Known constraint

At about 0.234 acre, the site must accommodate any building program, accessible and fire access, drainage and parking. The warehouse footprint further limits the starting layout.

Next: Prepare a survey-based test fit before assuming 10 residents, chapter space or parking can coexist.

Source: HAR lot and building descriptions View source

Owner diligence statuses and private notes are available in the interactive review; the public page presents the source-backed findings above.

Score categories

The eight-category model totals 250 raw points and is normalized to 100. Unknown evidence lowers confidence and does not override a feasibility barrier.

  1. utility: 28 points · Preliminary

    Facility and site utility received 28 of 50 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  2. value: 31 points · Preliminary

    Value and financial fit received 31 of 45 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  3. location: 29 points · Preliminary

    Location and UH proximity received 29 of 40 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  4. growth: 17 points · Preliminary

    Long-term growth potential received 17 of 35 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  5. parking: 12 points · Unverified

    Parking and access received 12 of 25 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  6. flood: 10 points · Unverified

    Flood resilience received 10 of 20 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  7. safety: 10 points · Preliminary

    Safety received 10 of 20 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  8. development: 4 points · Preliminary

    Development burden and readiness received 4 of 15 points in the finalized Scoring Help assessment. Reasonably priced and close to UH, but the site limits ultimate lodge, parking, and expansion capacity.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.