$2,250,000 Last Listed Price
●
Land -
Off Market
11618 Boudreaux Road
Tomball, TX 77375
Studio
0 Bath
$11,048
Est. Monthly
About This Property
With over 500 feet of high traffic count Boudreaux road frontage,
this +/- 6.4212 acre property has fantastic residential, commercial
and industrial uses. Boudreaux Road is a main thoroughfare between
TX-99 and TX-249. The 2514 sq. ft. one story home (sold
as-is) on property could be revitalized into a fantastic home for
the property owner or converted into the perfect office building
space. Century+ old oaks set a beautiful stage around the home. The
+/- 2900 sq. ft. shop (sold as-is), with office space, on property
is an added bonus and is currently under a lease agreement.
With Stone Pine Neighborhood surrounding two sides and
warehouses on the other, this property sets up perfectly for
developing retail, apartment complex, condo complex, townhomes,
storage, office complex, etc. This property is exceptional for the
entrepreneur looking to live on land with their business or the
developer that is looking for high traffic road frontage in a
bustling and developing area of Tomball.
Unit Size
-
Days on Market
-
Land Size
6.42 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1986
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (HAR #36820180)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2024 | Sold | ||
| Sold | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| May 31, 2024 | Listed by Keller Williams Realty The Woodlands | $2,250,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| | |||
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With over 500 feet of high traffic count Boudreaux road frontage, this +/- 6.4212 acre property has fantastic residential, commercial and industrial uses. Boudreaux Road is a main thoroughfare between TX-99 and TX-249. The 2514 sq. ft. one story home (sold as-is) on property could be revitalized into a fantastic home for the property owner or converted into the perfect office building space. Century+ old oaks set a beautiful stage around the home. The +/- 2900 sq. ft. shop (sold as-is), with office space, on property is an added bonus and is currently under a lease agreement. With Stone Pine Neighborhood surrounding two sides and warehouses on the other, this property sets up perfectly for developing retail, apartment complex, condo complex, townhomes, storage, office complex, etc. This property is exceptional for the entrepreneur looking to live on land with their business or the developer that is looking for high traffic road frontage in a bustling and developing area of Tomball.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Baths
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Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Harris
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Currently no similar homes aroundNearby Rentals
Listed by: Chase Harvill, Keller Williams Realty The Woodlands
Last Updated: 4 months ago
Data Source: HAR , MLS# 36820180
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Last Updated: 4 months ago
Data Source: HAR , MLS# 36820180
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