Five-Home Short-Term Rental
11620 Old Main Street Loop Road, Houston, TX 77025
For Sale
$3,250,000
Remodeled homes accommodate medical-patient stays, with an owner’s residence, guest house, and shared outdoor amenities.
Property Size12,607 SF
Lot Size3.14 Acres
Price / SF$257.79
Days on Market67
Property Features for 11620 Old Main Street Loop Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
pool
fish pond
central park
Building Details
Building Size
Year Built
Listing Agency:
Eaton Real Estate Company,LLC
Listed By:
Stephen Eaton · License #0539000
(561) 938-0000
Source:
Kimberlylaneproperties
Added: Sep 4
Changed: Nov 8
Last Checked: Nov 8 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eaton Real Estate Company,LLC
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Investment Insights
Based on property information with market context.
Five remodeled homes are used for short-term stays by medical patients on a 3.14-acre property. The improvements also include an owner’s residence, a guest house, an auto shop, and a large storage unit. A pool, fish pond, and central park provide additional on-site features. The property contains 12,607 square feet and was built in 1978.
A privacy fence encloses the block, with 10 automatic gates. Rice University’s South Annex is across the street, and the property has access to Hwy 90, 610, Beltway 8, and the Fort Bend Tollway. The site is unrestricted and is not in a flood zone.
A privacy fence encloses the block, with 10 automatic gates. Rice University’s South Annex is across the street, and the property has access to Hwy 90, 610, Beltway 8, and the Fort Bend Tollway. The site is unrestricted and is not in a flood zone.
Key Highlights
- Five remodeled homes used for short‑term medical‑patient stays
- 3.14‑acre property with 12,607 square feet
- Includes an owner’s residence, guest house, auto shop, and large storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,827
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,540
$2.9M
Cap Rate 7%
$2,040,386
$2.0M
Cap Rate 9%
$1,586,967
$1.6M
Market Conditions
NOI Build-Up for 12,607 SF
Gross rent
$276.8K $21.96/SF
− Vacancy
−$17.2K −$1.36/SF
EGI
$259.7K $20.60/SF
− OpEx
−$116.9K −$9.27/SF
NOI
$142.8K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,540
Cap Rate 7%
$2,040,386
Cap Rate 9%
$1,586,967
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,827 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,926 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 77025, TX
28,510
Population
15,752
Households
1.8
Avg Household Size
38
Median Age
71%
College-Educated
95%
High-School Grad
4.5 sq mi
ZIP Area
6,336
Density / Sq Mi
$78,076
Median Household Income
$61,238
Median Earnings
$1,484
Median Rent
$521,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Short term rental properties in Houston, TX
Properties on Market for Short term rental properties in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Remodeled homes accommodate medical-patient stays, with an owner’s residence, guest house, and shared outdoor amenities.
Where is this short term rental property located?
The property is located at 11620 Old Main Street Loop Road Houston, TX.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Five remodeled homes used for short‑term medical‑patient stays; 3.14‑acre property with 12,607 square feet; Includes an owner’s residence, guest house, auto shop, and large storage unit
