367 Hanna Road
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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 |
|---|---|---|---|
| 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) | $562,900 | |
| Listed by Nan & Company Properties - Corporate Office (Heights) | |||
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Exceptional opportunity to acquire approximately 1.36 acres of unrestricted land at 367 Hanna Rd in the Spring / Oak Ridge North area. With frontage along Hanna Rd and utilities available, the property offers flexibility for residential or commercial use, subject to buyer due diligence and intended plans.
This parcel sits directly adjacent to 26231 Hanna Rd (1.00 acre), which is also available. Buyers may purchase this lot individually or combine both properties for a total of approximately 2.36 contiguous acres, creating added scale and development potential in a high-growth corridor.
Backing to an established residential neighborhood and located just minutes from I-45 and The Woodlands, the property provides convenient access to major employers, retail, and dining while maintaining a residential setting. Whether building now, developing, or holding for long-term appreciation, 367 Hanna Rd presents a strategic land acquisition with optional expansion next door.
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| Feb 11, 2026 | Withdrawn | - | |
| Withdrawn | |||
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017