10
Map
$239,990
↓ $10K (4%)
●
Land -
For Sale
3227 Airline Drive
Houston, TX 77022
Studio
0 Bath
$1,433
Est. Monthly
About This Property
NO RESTRICTIONS – a rare opportunity to own a versatile vacant lot
with unobstructed views of the Downtown Houston skyline! This
exceptional property offers endless possibilities for residential,
small business, office, live/work, investment, or future
development. Ideally located in one of Houston's fastest-growing
areas, the lot is surrounded by impressive new construction and
ongoing redevelopment. Enjoy quick access to I-45, Loop 610,
Downtown Houston, The Heights, Independence Heights, and the
Northline redevelopment corridor. Whether you're a builder,
investor, developer, entrepreneur, or future homeowner, this prime
location offers exceptional flexibility and outstanding potential.
Properties with NO RESTRICTIONS in a prime, high-growth location
are becoming increasingly rare-don't miss this exceptional
opportunity!
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$254
HOA Dues
-
Year Built
-
Listed By
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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: 24 days ago (HAR #57262650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$239,990
↓ $10K
(4%) | |
| Price Decreased | |||
| Jul 10, 2026 | Listed by RE/MAX Compass | $249,990 | |
| Listed by RE/MAX Compass | |||
| Jun 6, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 5, 2025 | Listed by REALM Real Estate Professionals - North Houston | $228,500 | |
| Listed by REALM Real Estate Professionals - North Houston | |||
   | |||
|
Corner tract on Airline Dr at E 33rd St., totaling 5,275 sq.ft. (including the carport and driveway) with 67 ft. facing on Airline. Endless development and growth potential; not currently located in a minimum lot size or minimum building line area, a City of Houston historic district, or an HOA. Close-in and accessible location mere minutes from Downtown: ¼ mi to North Loop, ½ mile to Hardy Toll Road entrance, and less than a mile to I-45 on a Metro Route.
| |||
Property Highlights
Exterior Details
Lot Features: Corner Lot, Cleared, Build Line Restricted, 0 Up To 1/4 Acre
Lot Size Area: 0.1172
Lot Size Units: Acres
Lot Size Acres: 0.1172
Lot Size Square Feet: 5105.232
Water Source: Public
Financial Details
Tax Annual Amount: $3,052
Utilities Details
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Houston
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Listed by: Amy Patton, RE/MAX Compass
Last Updated: 24 days ago
Data Source: HAR , MLS# 57262650
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Last Updated: 24 days ago
Data Source: HAR , MLS# 57262650
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