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

    26795 Rice Road Hockley, TX 77447

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    5 acres in Hockley, TX, ideal for a dream home.

    Added:
    May 2, 2025
    Days on Market:
    350
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 26795 Rice Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    TIMOTHY PHELAN
    TIMOTHY PHELAN

    Listing agent TIMOTHY PHELAN License #0315435

    Listing office WALLER COUNTY LAND CO.

    Listing date May 2, 2025

    Source Corcoran

    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 WALLER COUNTY LAND CO.

    Overview

    Hockley 5-Acre Land Parcel

    This 5-acre property features a combination of open pastureland and wooded areas. Electricity and public water are available at the front of the property. The land is suitable for building a home, gardening, raising animals, or recreational use. It is located in a peaceful area and is subject to light deed restrictions that include limits on mobile homes and animals. The property is high and dry with no flood plain. This land offers the opportunity to build without HOA rules, making it suitable for a weekend getaway or a homestead.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hotel & Motel Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Harris
    State
    Texas
    Longitude
    -95.8555
    Latitude
    30.1631

    Nearby Similar for Sale

    • $875,000
      2,115 SF

      Hockley Country Living on Acres

      4.5 acres with fenced land, barn, and RV carport.
      23530 Hargrave Road, Hockley, TX 77447
      View Details
    • $4,750,000
      36,525 SF

      New Self-Storage Facility Under Construction

      Class-A self-storage facility in Hockley, TX, expected completion April 2026.
      18180 Becker Rd, Hockley, TX 77447
      View Details
    • $3,200,000
      2,300 SF

      Event Center on Unrestricted Acres

      Improved property with event center, home, and cabin.
      25566 Bradbury Drive, Hockley, TX 77447
      View Details
    • $1,700,000

      Unrestricted Land with FM 2920 Frontage

      Six acres of unrestricted land with high traffic and income.
      24803-24811 Fm 2920 Rd, Hockley, TX
      View Details
    • $1,900,000

      Hockley Commercial Property for Sale

      Commercial property for sale in Hockley, Texas.
      26136 Joseph Rd, Hockley, TX 77447
      View Details
    • $937,000
      784 SF

      Unrestricted Land with Mobile Home

      17-acre unrestricted property with mobile home, ponds, and modern upgrades.
      25945 Kickapoo Road, Hockley, TX 77447
      View Details
    • $660,000

      Hockley Land with Sunset Views

      Land in Hockley with potential for ranch development.
      2 Hegar Road, Hockley, TX 77447
      View Details
    • $1.10
      435,600 SF

      Unrestricted Land with Development Potential

      10 unrestricted acres near major routes, suitable for various uses.
      24904 Macedonia Rd, Hockley, TX
      View Details
    • $1,600,000
      1,360 SF

      Hockley Land with Development Potential

      12.4 acre Hockley property suitable for storage, flex, or industrial.
      18201 Hopfe rd, Hockley, TX 77447
      View Details
    • $2,600,000

      Northwest Harris County Commercial Site

      Commercial land near Daikin Technology Park with development potential.
      25604 Zube Road, Hockley, TX 77447
      View Details
    • $485,000

      Land For Sale Hockley, TX

      Land available for purchase at 21405 Roberts Cemetery Rd.
      21405 Roberts Cemetery Rd, Hockley, TX
      View Details
    • $1,490,448
      3,200 SF

      Unrestricted Acres Near Master-Planned Community

      5.264 acres near future residential development with existing metal building.
      00 Hopfe Road, Hockley, TX 77447
      View Details

    FAQs

    What type of property is this?
    Land - 5 acres in Hockley, TX, ideal for a dream home.
    Where is this land located?
    The property is located at 26795 Rice Road Hockley, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 5‑acre property with a mix of open pastureland and wooded areas.; Electricity and public water available at the front of the property.; High and dry land with no flood plain.
    (936) 372-9181
    We can help!
    Listing Contact
    TIMOTHY PHELAN
    TIMOTHY PHELAN
    Real Estate License ID: 0315435
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!