12
Map
11439 Memorial Drive
About This Property
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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 1, 2026 | Listed by Bravado Realty | $3,350,000 | |
| Listed by Bravado Realty | |||
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Price Decreased |
$2,750,000
↓ $200K
(6.8%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by RE/MAX GO | $2,950,000 | |
| Listed by RE/MAX GO | |||
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Rare opportunity to acquire a premier homesite in the heart of the Memorial Villages, located along Memorial Drive in Piney Point Village. This exceptional lot offers an ideal balance of privacy, presence, and buildability, surrounded by multi-million-dollar custom estates and mature landscaping. The property features a thoughtfully cleared building area while preserving beautiful, established trees that enhance the natural setting and provide an elegant backdrop for a custom-designed residence. With generous dimensions and strong frontage, the site is well suited for a luxury home tailored to today’s discerning buyer. Ideally located within walking distance to the renowned and prestigious private Kinkaid School, and just minutes from Memorial Park, upscale shopping and dining, and major thoroughfares including I-10 and Loop 610. A rare opportunity to create your luxury custom estate in one of Houston’s most prestigious residential enclaves.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017