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

    740 Fm 359 Rd S Brookshire, TX 77423

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $532,303

    High-visibility commercial land in Brookshire's growth corridor.

    Lot size:
    1.88 Acres

    Property Features for 740 Fm 359 Rd S

    General Information

    Lot size
    1.88 Acres

    We can help!

    Listing Contact
    Joel C. English
    Source: Moodyscre

    Listing Agent: Joel C. English

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

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Land on FM 359

    This ±1.88-acre commercial land parcel is situated on heavily traveled FM 359 S in Waller County. The property features approximately 157 feet of frontage on FM 359, offering visibility and access. The site benefits from strong traffic counts, with 7,221 AADT (2023) per TxDOT. The flat, cleared land is development-ready and suitable for retail, QSR, office, medical, or service-based commercial development. Located in Brookshire's growth corridor, the property is surrounded by residential and commercial expansion. It is located minutes from I-10 and Highway 90, providing regional connectivity, presenting an opportunity for developers, investors, and owner/users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookshire
    County
    Waller
    State
    Texas
    Longitude
    -95.952243
    Latitude
    29.771893

    Nearby Similar for Sale

    • $1,850,000
      3,844 SF

      Unrestricted Acreage with Workshop and Barns

      Spacious home on 8.6 acres with barns and workshop.
      37110 Donigan Rd, Brookshire, TX 77423
      View Details
    • $1,190,000
      3,507 SF

      5-Acre Ranch Near Katy

      Ranch home with atrium, pond, and potential rental income.
      36219 County Line Rd, Brookshire, TX 77423
      View Details
    • Contact for pricing
      167,120 SF

      Brookshire Industrial Warehouse For Sale

      167,120 SF Class A warehouse on 9.75 acres.
      814 Fm 1489 Rd, Brookshire, TX 77423
      View Details
    • Contact for pricing
      1,051,549 SF

      West Houston Cross-Dock Building

      1,051,080 SF cross-dock building in high-growth West Houston corridor.
      31270 Kingsland Blvd, Brookshire, TX
      View Details
    • $1,300,000

      Land with Country Home

      Large, versatile tract in growing Brookshire area.
      2511 Hartwell Rd, Brookshire, TX 77423
      View Details
    • $1,475,000

      Brookshire Storage Facility on 3 Acres

      Storage facility on 3 acres near Houston, Katy, and Fulshear.
      39664 Fm 529 Rd, Brookshire, TX 77423
      View Details
    • Contact for pricing
      30,780 SF

      Brookshire Industrial Property on 10 Acres

      30,780 SF industrial property on 10 acres in Brookshire.
      34294 Sunset Ln, Brookshire, TX
      View Details
    • $459,000

      Unrestricted Waller County Acreage

      4.81-acre unrestricted property in Waller County, ideal for livestock.
      00 Buller Rd, Brookshire, TX 77423
      View Details
    • $969,000

      Residential Retreat on Ten Acres

      Spacious home on ten acres with serene natural beauty.
      3667 Clemons Switch Rd, Brookshire, TX 77423
      View Details
    • $1,888,800
      7,308 SF

      Retail Property in Jordan Ranch

      Retail property integrated in Houston's master planned community.
      29907-29911 Jordan Xing Blvd, Brookshire, TX
      View Details
    • Contact for pricing
      5,000 SF

      Brookshire Warehouse - For Sale/Lease

      Modern industrial space, ideal for various uses.
      30649 Fm 529 Rd, Brookshire, TX 77423
      View Details
    • Contact for pricing
      50,000 SF

      Brookshire Warehouse - 50,000 SF

      Texas industrial warehouse space for sale or lease.
      1688 Fm 362 Rd, Brookshire, TX 77423
      View Details

    FAQs

    What type of property is this?
    Land - High-visibility commercial land in Brookshire's growth corridor.
    Where is this land located?
    The property is located at 740 Fm 359 Rd S Brookshire, TX.
    What is the asking price?
    The asking price for this property is $532,303.
    What are key features of this property?
    This property features: - 1.88 Acres of Prime commercial land on heavily traveled FM 359 S; - High-visibility site with strong traffic counts – 7,221 AADT (2023); - ±157 feet of frontage on FM 359, providing excellent exposure and access
    (281) 898-0895
    Request Owner's contact information
    740 Fm 359 Rd S Brookshire, TX 77423
    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.
    740 Fm 359 Rd S
    Brookshire, TX 77423
    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
    740 Fm 359 Rd S Brookshire, TX 77423
    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
    Joel C. English
    (281) 898-0895
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.