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1120 Wellman Road
About This Property
Located just minutes from The Woodlands and I-45, this strategically positioned tract offers excellent visibility and accessibility in one of the region's fastest-growing corridors. Whether you're considering commercial development, residential construction, or a mixed-use project, this property provides the flexibility and location to support a variety of uses. Surrounded by established neighborhoods, medical facilities, and retail centers, the area benefits from strong demographics, continued growth, and increasing demand for new development. Utilities are nearby, and the flat terrain offers a head start for site planning and construction.
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Dec 15, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Listed by eXp Realty, LLC | $6,200,000 | |
| Listed by eXp Realty, LLC | |||
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About Shenandoah
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017