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5015 Spruce Forest Drive
About This Property
An excellent opportunity to own a 0.08-acre vacant lot at 5015 Spruce Forest Dr, Houston, TX 77091. With road access and connected utilities, this property offers a great starting point for your next building project. Whether you're looking to build your dream home or invest in Houston real estate, this lot offers a blank canvas with exciting possibilities.
Bring your vision to life and explore the potential this property has to offer!
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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 |
|---|---|---|---|
| Nov 3, 2026 | In contract | - | |
| In contract | |||
| Oct 21, 2026 | Listed by Karen Davis Properties | $39,999 | |
| Listed by Karen Davis Properties | |||
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About North Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017