$2,835,000
●
Land -
For Sale
4435 Old Spanish Trail
Houston, TX 77021
Studio
0 Bath
$13,921
Est. Monthly
About This Property
Rare opportunity to acquire more than 70,000 square feet of land in
this rapidly developing area. This corner lot has 366 feet of
frontage on Old Spanish Trail. There are several new construction
commercial developments all around including the University of
Houston's Tilman J. Fertitta Family College of Medicine less than 1
mile away. Further community investment nearby includes a new bank
being built directly across the street. The area attractions
include, nearby to easy access to Metro Rail Line, Hwy 288, Texas
Medical Center, MacGregor Public Park and Recreation Center, Public
Library and all three Major Universities.
Unit Size
-
Days on Market
-
Land Size
1.63 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1976
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (HAR #22027521)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2024 | Listed by Womack Development & Investment Realtors | $2,835,000 | |
| Listed by Womack Development & Investment Realtors | |||
| Jan 19, 2024 | No longer available | - | |
| No longer available | |||
| Sep 21, 2022 | Listed by Womack Development | $2,835,000 | |
| Listed by Womack Development | |||
| | |||
|
Rare opportunity to acquire more than 70,000 square feet of land in this rapidly developing area. This corner lot has 366 feet of frontage on Old Spanish Trail. There are several new construction commercial developments all around including the University of Houston's Tilman J. Fertitta Family College of Medicine less than 1 mile away. Further community investment nearby includes a new bank being built directly across the street. The area attractions include, nearby to easy access to Metro Rail Line, Hwy 288, Texas Medical Center, MacGregor Public Park and Recreation Center, Public Library and all three Major Universities.
| |||
Property Highlights
Exterior Details
Lot Features: Other, 1 Up to 2 Acres, Curbs & Gutters, Other Lot Improvements, Sidewalks
Lot Size Area: 1.627
Lot Size Units: Acres
Lot Size Acres: 1.627
Lot Size Square Feet: 70872.12
Water Source: Public
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 South Central Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gerald Womack, Womack Development & Investment Realtors
Last Updated: 2 years ago
Data Source: HAR , MLS# 22027521
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 2 years ago
Data Source: HAR , MLS# 22027521
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017