126-Key
9638 PLAINFIELD ST, Houston, TX 77036
For Sale
Contact for pricing
An active OYO Hotels & Homes franchise agreement accompanies the operating hotel.
Property Size33,449 SF
Lot Size2.99 Acres
Price / SF$134.53
Days on Market19
Property Features for 9638 PLAINFIELD ST
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Opportunity Zone
Currently Operating
Amenities
Outdoor swimming pool
patio
high-speed/public WiFi
Building Details
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
eXp Realty LLC
Listed By:
Mickey Patel · License #652604
(832) 244-6830
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 4:23PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
The hotel contains 126 guest rooms across two stories, with exterior corridors. Its 33,449-square-foot building sits on a 2.99-acre parcel (130,244 square feet) and includes an outdoor swimming pool, patio, WiFi, and surface parking. The property was built in 1979 and renovated in 2009. It has operated under current ownership since October 2020, with an active OYO Hotels & Homes franchise agreement.
Located in Houston, the property is within a federally designated Qualified Opportunity Zone. Surface parking is reported at approximately 3.44 spaces per 1,000 square feet of building area.
Located in Houston, the property is within a federally designated Qualified Opportunity Zone. Surface parking is reported at approximately 3.44 spaces per 1,000 square feet of building area.
Key Highlights
- 126 guest rooms in a two‑story, exterior‑corridor layout
- 33,449 SF building on 2.99 acres (130,244 SF) of land
- Built 1979; renovated 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,457
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,569,140
$3.6M
Cap Rate 7%
$2,549,386
$2.5M
Cap Rate 9%
$1,982,856
$2.0M
Market Conditions
NOI Build-Up for 33,449 SF
Gross rent
$481.7K $14.40/SF
− Vacancy
−$106.0K −$3.17/SF
EGI
$375.7K $11.23/SF
− OpEx
−$197.2K −$5.90/SF
NOI
$178.5K $5.34/SF
Area
Houston, TX
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,569,140
Cap Rate 7%
$2,549,386
Cap Rate 9%
$1,982,856
Alternative Uses
Best Use
Hotel Hospitality
$2.55M
$2.23M – $2.97M
NOI $178,457 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.60M
$7.53M – $10.03M
NOI $602,082 @ 7.0% cap · market cap 13.38%
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
Current Use
Location Intelligence
Trade Area within ½ mile
2,279
Businesses Nearby
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Business Placement
Demographics for 77036, TX
75,870
Population
30,508
Households
2.5
Avg Household Size
33
Median Age
14%
College-Educated
55%
High-School Grad
7.3 sq mi
ZIP Area
10,393
Density / Sq Mi
$43,853
Median Household Income
$27,812
Median Earnings
$995
Median Rent
$217,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - An active OYO Hotels & Homes franchise agreement accompanies the operating hotel.
Where is this hotel located?
The property is located at 9638 PLAINFIELD ST Houston, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 126 guest rooms in a two‑story, exterior‑corridor layout; 33,449 SF building on 2.99 acres (130,244 SF) of land; Built 1979; renovated 2009
