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26231 Hanna Road
About This Property
The lot is positioned directly adjacent to 367 Hanna Rd (1.36 acres), which is also available for purchase. Buyers have the unique option to acquire one parcel individually or combine both properties for a total of approximately 2.36 contiguous acres, creating expanded development flexibility and scale.
Surrounded by established residential neighborhoods and located just minutes from I-45 and The Woodlands, the site offers convenient access to major employment centers, retail, and dining. Whether building a custom residence, pursuing development, or securing land in a growing corridor, 26231 Hanna Rd presents a strategic opportunity with optional expansion potential next door.
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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%.
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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.
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 20, 2026 | Sold | ||
| Sold | |||
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 5, 2026 | Listed by Nan & Company Properties - Corporate Office (Heights) | $432,100 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
| Feb 11, 2026 | Listed by Nan & Company Properties - Corporate Office (Heights) | $499,900 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
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Rare opportunity to acquire approximately 1.00 acre of unrestricted land at 26231 Hanna Rd in the Spring / Oak Ridge North area. This property offers valuable frontage along Hanna Rd, utilities available, and flexibility for residential or commercial use, subject to buyer’s intended plans and due diligence.
The lot is positioned directly adjacent to 367 Hanna Rd (1.36 acres), which is also available for purchase. Buyers have the unique option to acquire one parcel individually or combine both properties for a total of approximately 2.36 contiguous acres, creating expanded development flexibility and scale.
Surrounded by established residential neighborhoods and located just minutes from I-45 and The Woodlands, the site offers convenient access to major employment centers, retail, and dining. Whether building a custom residence, pursuing development, or securing land in a growing corridor, 26231 Hanna Rd presents a strategic opportunity with optional expansion potential next door.
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017