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$228,000

9400 Randolph St, Houston, TX, 77061

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size21,523 sqft

Land Information

APN0690030070028
Lot Number28
SubdivisionAirport Gardens
Land UseResidential
Legal DescriptionLT 28 BLK 7 AIRPORT GARDENS
Census Tract333700
Assessed Land Value$181,985
Assessment Year2025

About this property

Prime .49 Acre Development Opportunity in Houston This meticulously cleared .49 acre lot in Houston's desirable 77061 zip code presents an exceptional opportunity to build your dream home or commercial enterprise. Situated in a thriving area surrounded by both residential homes and business warehouses, the property boasts unparalleled convenience and visibility. With close proximity to major thoroughfares like Hobby Airport, Highway 35, and I-45, this centrally-located lot offers seamless connectivity and accessibility. The fully cleared land is ready for immediate development, eliminating time-consuming site preparation. Whether you envision constructing a custom single-family home or launching a successful new business venture, this versatile parcel provides the perfect canvas. Capitalize on the area's dynamic growth and transform this prime .49 acre lot into your personal or commercial oasis in the heart of Houston.

Investor Tools

Property Icon
$228,000
Estimated Property Value
$165,000Estimated Mortgage Balance
$67,151Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$311/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,588
$181,985
2025
$181,985
N/A
$181,985
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,588
$181,985

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gerardo Cadena Etal
Purchase Money Mortgage
$165,000
No
First
Dec 13, 2024
Dec 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$160,849
$40,151
19%
71%
$990/mo

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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9400 Randolph St | Property Details | No Agent List