9
Map
00 Louetta Road
About This Property
Just minutes from Highway 99, I-45, Highway 249, and Beltway 8, the property offers effortless connectivity to Houston's major employment centers. Surrounding retail, dining, and lifestyle amenities further enhance the location, creating strong long-term appeal for future renters or homeowners and supporting attractive investment returns.
Ideal for a multi-family project, residential community, or commercial use, this highly visible corner at Louetta Road and Mirror Lake stands out as a truly compelling development opportunity. Secure this prime site and capitalize on its exceptional location and readiness.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| Jun 1, 2026 | Price Decreased |
$1,350,000
↓ $150K
(10%) | |
| Price Decreased | |||
| Dec 27, 2025 | Price Decreased |
$1,500,000
↓ $395K
(20.8%) | |
| Price Decreased | |||
| Oct 19, 2025 | Price Decreased |
$1,895,000
↓ $104K
(5.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017