15953 1st Street
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 16, 2026 | Listed by Keller Williams Realty Metropolitan | $800,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
| Aug 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 1, 2025 | Listed by Anne Vickery & Associates Realty, LLC | $899,380 | |
| Listed by Anne Vickery & Associates Realty, LLC | |||
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±8.46 acres of cleared, fenced land with 1st Street frontage just minutes from US59 / Grand Parkway, ideally situated in a rapidly growing Splendora corridor (~37 miles NNE of Houston). The property includes a 2,663SF ranch-style brick home (built in 1996) with 3 beds, 2.5 baths, high ceilings, quartz counters, gas fireplace, sprinkler irrigation, prewired alarm, and a gated driveway. This flexible parcel supports a variety of commercial or owner-user scenarios: live/work configuration, contractor yard, warehouse/office, light industrial, self-storage, or mixed-use redevelopment. Utilities are available via public water and sewer, and zoning in nearby comparable parcels along 1st Street already accommodates commercial or residential use. With ample space and visibility, it’s a rare development-ready asset in East Montgomery County’s emerging US59 corridor.
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| May 13, 2025 | Price Decreased |
$925,000
↓ $125K
(11.9%) | |
| Price Decreased | |||
| Feb 6, 2025 | No longer available | - | |
| No longer available | |||
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About Splendora
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017