Sign Up Successful!
You now have access to more from Realmo!
    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

    34990 Mayer Rd Hempstead, TX

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,195,500

    Undeveloped land with extensive frontage on FM 1488 Rd.

    Lot size:
    55.94 Acres

    Property Features for 34990 Mayer Rd

    General Information

    Lot size
    55.94 Acres

    We can help!

    Listing Contact
    Keith Edwards
    Keith Edwards
    Source: Moodyscre

    Listing Agent: Keith Edwards

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land with Road Frontage

    This property features frontage on both FM 1488 Rd and Mayer Rd. It includes approximately 1,490 feet of frontage on FM 1488 Rd and approximately 655 feet of frontage on Mayer Rd. The land is situated less than 5.3 miles from the US Hwy 290 intersection and less than 1.7 miles from the FM 362 Rd intersection. Located between the rapidly growing areas of Waller and Hempstead, this undeveloped, raw land has no floodplain and is unrestricted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.0782918
    Latitude
    30.0974405

    Nearby Similar for Sale

    • $1,600,000
      2,458 SF

      Hempstead Ranch with Pond and Bar

      Private 25-acre ranch with main house, cabin, and palapa bar.
      15130 Farm To Market 359, Hempstead, TX 77445
      View Details
    • $2,395,000
      4,448 SF

      Hempstead Farm with Custom Home

      Stunning custom home on 17+ acres in Hempstead, Texas.
      40051 Mesquite, Hempstead, TX 77445
      View Details
    • $3,995,000

      Refined Texas Country Estate

      30.67-acre estate near Houston with luxury main and guest houses.
      22476 Kmiec Rd, Hempstead, TX 77445
      View Details
    • $3,995,000

      Elegant Country Living Near Brenham

      Remodeled home on acreage with pool, barn, and apartment.
      22474 Kmiec Rd, Hempstead, TX 77445
      View Details
    • $1,198,000
      5,254 SF

      Hempstead Estate Home with Acreage

      Spacious estate home on unrestricted acreage with resort-style pool.
      26179 Highway 6, Hempstead, TX 77445
      View Details
    • $26,550,000

      Broad Oaks Ranch: Brazos Riverfront

      Incomparable high-fence hunting ranch near Houston with Brazos River frontage.
      21729 Fm 1887 Rd, Hempstead, TX 77445
      View Details
    • $950,000
      2,622 SF

      Hempstead Property with Modern Conveniences

      Improved property in Hempstead with easy access to major highways.
      21348 Fm 359 Rd, Hempstead, TX 77445
      View Details
    • $2,300,000

      Hempstead Country Living on 31 Acres

      Refined country living with modern comfort and timeless charm.
      27201 Double Culvert Rd, Hempstead, TX 77445
      View Details
    • $5,795,000
      4,480 SF

      Hempstead Ranch with Stone Residence

      151+ acre ranch featuring a 4,480 sq ft stone residence.
      35111 Tompkins Rd, Hempstead, TX 77445
      View Details
    • $1,575,000
      3,339 SF

      Hempstead Estate with Barn and Pond

      Elegant Texas home on 19+ acres with barn and pond.
      41968 Kelley Rd, Hempstead, TX 77445
      View Details
    • $285,000

      Retail Property Near Industrial Developments

      Retail property with high visibility near industrial and residential growth.
      31565 Fm 1736 Rd, Hempstead, TX 77445
      View Details
    • $2,100,000
      3,006 SF

      Equestrian Estate in Nine Bar Ranch

      11.55-acre equestrian estate with modern comfort and rural elegance.
      30163 High Spirit Ranch Rd, Hempstead, TX 77445
      View Details

    FAQs

    What type of property is this?
    Land - Undeveloped land with extensive frontage on FM 1488 Rd.
    Where is this land located?
    The property is located at 34990 Mayer Rd Hempstead, TX.
    What is the asking price?
    The asking price for this property is $4,195,500.
    What are key features of this property?
    This property features: - Unrestricted Land Use; - No Floodplain; - Located in Path of Growth Between Waller and Hempstead
    (713) 690-0000
    Request Owner's contact information
    34990 Mayer Rd Hempstead, TX
    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.
    34990 Mayer Rd
    Hempstead, TX
    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
    34990 Mayer Rd Hempstead, TX
    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
    Keith Edwards
    Keith Edwards
    Real Estate License ID: 253460
    (713) 690-0000
    Learn more
    Google sign-in failed. Please try again or use another login method.