27744 Glass RD
About This Property
The property includes an existing structure, which most buyers will likely choose to demolish and rebuild, allowing for a fresh start and the opportunity to design a home that fully aligns with their vision. With this in mind, the land still offers a true blank slate, with generous acreage supporting a wide range of residential possibilities such as a custom home, barndominium, guest house, or workshop - while maintaining ample open space for privacy and outdoor living.
Located along Glass Road, the property provides convenient access to nearby major roadways while preserving a peaceful, rural atmosphere. Hockley continues to experience steady growth due to its proximity to the Houston metro area, making this an attractive opportunity for homeowners seeking room to spread out without sacrificing accessibility.
Surrounded by other acreage tracts and residential properties, the setting supports a quiet country lifestyle with long-term value. Enjoy the freedom of wide-open space, flexible residential use, and the opportunity to create a property tailored to your needs-away from city congestion yet close to everyday conveniences.
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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 |
|---|---|---|---|
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Price Decreased |
$725,000
↓ $24K
(3.2%) | |
| Price Decreased | |||
| Jan 5, 2026 | Listed by Pinnacle Realty Advisors | $749,000 | |
| Listed by Pinnacle Realty Advisors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017