Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Maxroy St Houston, TX 77088

    Sponsored
    For Sale
    $350,000

    Land, Other - Houston, TX

    Lot size:
    1.01 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 3 at 9:06 am

    Property Features for Maxroy St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.01 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    April Taylor

    NextHome, Inc

    Listing agent April Taylor (713) 551-1445 License #525949,PersonLicenseNumber

    Listing date Feb 27, 2026

    MLS# 96696699 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Acre Homes Redevelopment Opportunity

    Located in the Acres Homes (Highland Heights Annex) neighborhood outside Loop 610, just north of Garden Oaks and Oak Forest, these two lots offer a redevelopment opportunity. The combined area of the lots is 1.01 acres, making them suitable for the construction of a single-family home or multiple homes, subject to permitting approval. The properties are for sale together.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.4312909
    Latitude
    29.8765903

    Nearby Similar for Sale

    • $6,500,000
      1.39 Acres

      New Car Wash on Highway

      Newly built express car wash on high-traffic Houston corridor.
      3703 State Highway 6 S, Houston, TX 77082
      View Details
    • $1,300,000
      1.02 Acres

      Houston Car Wash Business Opportunity

      Full-service car wash in a high-traffic Houston location.
      12573 Richmond Ave, Houston, TX 77082
      View Details
    • New
      $595,000
      3,440 SF

      Townhouse-Style Duplex Near NRG Stadium

      Houston duplex near NRG Stadium with modern amenities and spacious units.
      5140 Mallow St, Houston, TX 77033
      View Details
    • $950,000
      0.60 Acres

      Versatile Office-Warehouse Flex Building

      Office-warehouse flex building on 0.60 acres in a high-visibility location.
      11043 Jones Rd, Houston, TX 77070
      View Details
    • $480,000
      2,236 SF

      Modern Duplex Near Medical Center

      Two-story duplex built in 2020, convenient location, fully equipped.
      6501 Osprey Dr, Houston, TX 77048
      View Details
    • $1,400,000
      0.39 Acres

      Houston Multi-Unit Investment Opportunity

      Multi-unit commercial property in Houston, TX, ideal for investors.
      6706 Ralston St, Houston, TX 77016
      View Details
    • $1,050,000
      0.14 Acres

      Houston Heights Income Property

      Income-producing quadplex in Houston's Heights District, fully occupied.
      1246 Omar St, Houston, TX 77008
      View Details
    • $490,000
      2,585 SF

      Commercial Property Near Hobby Airport

      Commercial property near Hobby Airport, Downtown, and Texas Medical Center.
      8209 Howard Dr, Houston, TX 77017
      View Details
    • $550,000
      2,425 SF

      Freestanding Office Building in Houston

      Freestanding office building in Clear Lake, Texas, available for sale.
      16818 Titan Dr, Houston, TX 77058
      View Details
    • $350,000
      3,435 SF

      Office Building For Sale

      Office property with 3,435 square feet of space.
      7642 Park Place Blvd, Houston, TX 77087
      View Details
    • $335,000
      5,256 SF

      Commercial Corner Lot For Sale

      Corner lot with frontage on N 45 Freeway.
      2834 North Fwy, Houston, TX 77009
      View Details
    • $600,000
      1,600 SF

      Office and Warehouse Space Available

      Office suite with warehouse and storage in Houston, TX.
      13000 Schroeder Rd, Houston, TX 77070
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two lots totaling 1.01 acres in Houston, Texas.
    Where is this residential land & home lot located?
    The property is located at Maxroy St Houston, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Over an acre of land.; - Located in the Highland Heights Annex of Acres Homes.; - Redevelopment is underway in the area.
    (346) 298-1701
    Request Owner's contact information
    Maxroy St Houston, TX 77088
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Maxroy St
    Houston, TX 77088
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Maxroy St Houston, TX 77088
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    April Taylor
    Real Estate License ID: 525949,PersonLicenseNumber
    (346) 298-1701 (713) 551-1445
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!