37280 Clapp RD
About This Property
Approximately 1/2 mile from FM 359 with access to I-10 and US 90. Nearby Empire West is a nearly 4-million-square-foot industrial campus where Tesla occupies approximately 1.65 million square feet, alongside H-E-B, Ferguson and Professional Packaging. Houston Executive Airport is roughly a 15-minute drive away. Waller County grew 23.1% from 2020 to 2025, while TxDOT is studying 29+ miles of mobility improvements across the corridor. Current agricultural valuation. Buyer to verify intended use, utilities, restrictions and feasibility.
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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%.
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 |
|---|---|---|---|
| Oct 9, 2026 | Listed by Compass RE Texas, LLC | $1,400,000 | |
| Listed by Compass RE Texas, LLC | |||
| Sep 28, 2026 | No longer available | - | |
| No longer available | |||
| Sep 27, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 19, 2026 | Price Decreased |
$1,400,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Feb 27, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Memorial | $1,500,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Memorial | |||
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Own a piece of Texas where you can build your dream home just a few minutes from Houston’s rapidly expanding energy corridor. 17.5 acres, currently ag exempt, gives you the ability to create your own experience whether that’s focused on the farm and ranch life or getting away from the hustle of the Houston area. City water tie-in nearby, Property is on 4 tracts including one 14.5 acre lot and three one-acre lots, offered as one property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017