5
Map
$450,000
●
Land -
For Sale
7902 Lockwood Drive
Houston, TX 77016
Studio
0 Bath
$2,413
Est. Monthly
About This Property
Discover the potential of this prime 1-acre lot located at the
high-traffic intersection of Lockwood Drive and Crosstimbers
Street. Perfectly positioned for commercial or residential
development, this property offers exceptional visibility and
accessibility in a thriving area. Whether you're envisioning a
retail center, office space, or residential community, the lot's
zoning allows for up to 18 single-family homes, offering tremendous
flexibility for developers. With proximity to major roads and
utilities, this is a rare opportunity to capitalize on a rapidly
growing neighborhood. Don't miss your chance to transform this
versatile property into your next successful project!
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$203
HOA Dues
-
Year Built
1940
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: 5 months ago (HAR #35503181)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 3, 2026 | Listed by White House Global Properties | $450,000 | |
| Listed by White House Global Properties | |||
| May 20, 2026 | No longer available | - | |
| No longer available | |||
| May 19, 2025 | Listed by White House Global Properties | $499,000 | |
| Listed by White House Global Properties | |||
| | |||
|
Discover the potential of this prime 1-acre lot located at the high-traffic intersection of Lockwood Drive and Crosstimbers Street. Perfectly positioned for commercial or residential development, this property offers exceptional visibility and accessibility in a thriving area. Whether you’re envisioning a retail center, office space, or residential community, the lot's zoning allows for up to 18 single-family homes, offering tremendous flexibility for developers. With proximity to major roads and utilities, this is a rare opportunity to capitalize on a rapidly growing neighborhood. Don’t miss your chance to transform this versatile property into your next successful project!
| |||
| Jan 10, 2025 | Listed | $649,000 | |
| Listed | |||
| | |||
|
Discover the potential of this prime 1-acre lot located at the high-traffic intersection of Lockwood Drive and Crosstimbers Street. Perfectly positioned for commercial or residential development, this property offers exceptional visibility and accessibility in a thriving area. Whether you’re envisioning a retail center, office space, or residential community, the lot's zoning allows for up to 18 single-family homes, offering tremendous flexibility for developers. With proximity to major roads and utilities, this is a rare opportunity to capitalize on a rapidly growing neighborhood. Don’t miss your chance to transform this versatile property into your next successful project!
| |||
Property Highlights
Parking Details
Parking Features: Driveway
Exterior Details
Lot Features: Level, Open Lot, Cleared, Can Be Subdivided, Patio Lot, 1/2 Up to 1 Acre
Lot Size Area: 1
Lot Size Units: Acres
Lot Size Acres: 1
Lot Size Square Feet: 43560
Lot Size Dimensions: 100 x 411 x 100 x 411
Water Source: Public
Financial Details
Tax Annual Amount: $2,431
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 Northeast Houston
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Listed by: Manuel Martinez, White House Global Properties
Last Updated: 5 months ago
Data Source: HAR , MLS# 35503181
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Last Updated: 5 months ago
Data Source: HAR , MLS# 35503181
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