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    40051 Mesquite Hempstead, TX 77445

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    Claim this Listing
    For Sale
    $2,495,000

    Residential (farm-ranch),Farm,New Construction - Hempstead, TX

    Type:Farm
    Property size:
    4,448 SF
    Lot size:
    17.65 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    369
    Last Refresh:
    Apr 19 at 7:06 pm

    Property Features for 40051 Mesquite

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Property condition
    New Construction
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Carport, Garage
    Vegetation
    Partially Wooded, Wooded
    Exterior features
    Partially Wooded, Private Road, Well
    Fireplace
    1
    Standard status
    Active
    APN
    227661
    Size
    4,448 SF
    Lot size
    17.65 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2450
    Expense value
    4340
    Expense
    Building Maintenance Fee

    Utilities

    Heating system
    Central, Fireplace(s)

    Building Details

    Year built
    2025
    Year renovated
    2025
    Floors in Building
    2
    Building materials
    Stone
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    John McKay

    Listing agent John McKay License #626511

    Listing office Capitol Ranch Real Estate 12405 Schwartz RD, Brenham, TX

    Listing date Apr 16, 2025

    MLS# 151316 Listing URL

    Copyright © 2026 South Central Texas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hempstead Farm with Custom Home

    Located in the Ranches of Clear Creek, this 4,448 sqft custom home reveals the beauty of high-end living while embracing nature. The 17.64 acres has been preserved with minimal clearing around the perimeter to maintain the natural wooded land and privacy. Land improvements include a 2-acre pond stocked with bass, 4 acres of irrigation, stonework and flower beds, a kids' playground, a prepared pad site for a future shop or guest house, and a large outdoor living space. The covered patio and outdoor kitchen are designed for hosting. The modern ranch home features high-end upgrades and custom built-ins. Custom beam work was milled and sourced directly from the property. Large windows provide views of the landscape and natural light. The neighborhood is maintained and has a community equestrian center and riding trails. The property is intended for residential use as a farm and ranch.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.071525
    Latitude
    30.021984

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    FAQs

    What type of property is this?
    Farm - Stunning 4,448 sqft custom home on 17.64 acres.
    Where is this farm located?
    The property is located at 40051 Mesquite Hempstead, TX.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: Luxurious 4,448 sqft custom home on 17.64 acres in the Ranches of Clear Creek.; Enjoy a 2‑acre stocked pond, 4 acres of irrigation, stonework, flower beds, and a playground.; Outdoor living space with covered patio and kitchen, perfect for hosting.
    (979) 530-7010
    We can help!
    Listing Contact
    John McKay
    Real Estate License ID: 626511
    Learn More
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    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
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