2509 1st Street
About This Property
With no zoning restrictions and no known deed restrictions, this property presents endless possibilities for commercial, retail, office, service-related, or mixed-use development. The existing home can be renovated, repurposed, relocated, or removed to maximize the site's potential. Fronting 1st Street with excellent exposure and surrounded by growing commercial activity, this is a rare opportunity for investors, developers, or business owners seeking a prime location in one of Fort Bend County's fastest-growing areas.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 20, 2026 | Price Decreased |
$395,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by 5th Stream Realty | $400,000 | |
| Listed by 5th Stream Realty | |||
| Oct 19, 2023 | Sold | ||
| Sold | |||
| Aug 12, 2023 | Listed by Walzel Properties | $329,000 | |
| Listed by Walzel Properties | |||
| | |||
|
This property is located in a prime location for a commercial business on Hwy. 36. Currently a 2 bedroom 1 bath leased dwelling sits on the front portion of the property. This land offers Lots of potential.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017