5
Map
$64,500
●
Land -
For Sale
522 Surratt Drive
Houston, TX 77091
Studio
0 Bath
$387
Est. Monthly
About This Property
Seize this prime opportunity to build a custom home or investment
project on this cleared ~7,200 sq. ft. lot, just north of desirable
Independence Heights, Garden Oaks, Oak Forest, and The Heights.
Within 15 minutes of downtown Houston and 1-2 minutes from Highway
45. What sets this tract apart is having a small bayou next to you.
Enjoy design flexibility with no mandatory HOA restrictions, but
there are deed restrictions which prevents subdividing it, so you
avoid the 3 story townhomes all over . Situated in a fast-growing
Houston corridor, you are minutes from major thoroughfares, dining,
and retail. Drive by today.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$70
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: 4 months ago (HAR #68708442)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 22, 2026 | Listed by Compean Group | $64,500 | |
| Listed by Compean Group | |||
| Jan 26, 2026 | No longer available | - | |
| No longer available | |||
| Dec 10, 2025 | Relisted | $73,000 | |
| Relisted | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Tammy Bateman Properties | $73,000 | |
| Listed by Tammy Bateman Properties | |||
| | |||
|
Builders, investors, and dream-home seekers—this is your chance! This cleared 7,200 sq. ft. lot in the highly sought-after Wildrose Gardens subdivision, just north of Independence Heights, is full of potential. This spacious property offers flexibility and a unique setting. Enjoy remarkable privacy with Little White Oak Bayou as a scenic backyard feature—ideal for those who value peace and nature, right in the city. No mandatory HOA gives you more freedom for your build. Easy access to shopping, dining, nightlife, and major thoroughfares. Zoned for residential—confirm specifics with the county. This is a rare, ready-to-go opportunity in a rapidly developing area. Take a drive by and see the potential for yourself — don’t miss your chance to secure this valuable piece of Houston real estate! BRING ALL OFFERS!
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Property Highlights
With View
Exterior Details
Waterfront Features: Bayou Frontage
Lot Features: Subdivision, 0 Up To 1/4 Acre
Lot Size Area: 0.1653
Lot Size Units: Acres
Lot Size Acres: 0.1653
Lot Size Square Feet: 7200.468
Water Source: Public
Financial Details
Tax Annual Amount: $842
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About North Houston
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Listed by: Evan Compean, Compean Group
Last Updated: 4 months ago
Data Source: HAR , MLS# 68708442
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Last Updated: 4 months ago
Data Source: HAR , MLS# 68708442
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