Add Listing
    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

    29609 Fm 1488 Rd Waller, TX 77484

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Five platted commercial lots with concrete road and utilities.

    Lot size:
    10.07 Acres

    Property Features for 29609 Fm 1488 Rd

    General Information

    Lot size
    10.07 Acres

    We can help!

    Listing Contact
    Sinem Arikan
    Sinem Arikan
    Source: Moodyscre

    Listing Agency: Colliers - The Woodlands Listing Agent: Sinem Arikan

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

    Learn more

    Overview

    Commercial Land with Interior Road

    This commercial land offering features five platted lots with an interior concrete road already constructed. The site benefits from two existing curb cuts. Public water is available through G&W Water Supply Corp. Onsite detention ponds have already been constructed. The property is located outside the 500-year floodplain and has no restrictions.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Storage Facility Bar & Pub Food Market Garden Center Discount Store Grocery & Convenience Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.900126
    Latitude
    30.162286

    Nearby Similar for Sale

    • $535,350
      Pending

      Waller, TX New Manufactured Home

      New 3 bed/2 bath manufactured home on 10 acres.
      2 Bell Rd, Waller, TX 77484
      View Details
    • $2,350,000
      8,100 SF

      Waller Office Warehouse on Acreage

      8,100 SF office warehouse on 14.9 acres in Waller.
      30210 Waller Spring Creek Rd, Waller, TX 77484
      View Details
    • $335,000
      1,845 SF

      Waller Office Building For Sale

      Office building in high-traffic location with tenant occupancy.
      40344 Us-290 Bus, Waller, TX
      View Details
    • $2,475,000
      11,250 SF

      Refurbished Waller Building with Expansion Potential

      Multi-purpose property in downtown Waller with immediate cash flow.
      2302 Main St, Waller, TX 77484
      View Details
    • $1,400,000
      10,000 SF

      10,000 SF Industrial Warehouse

      10,000 SF warehouse with expansion yard and drive-thru capability.
      19268 Kickapoo Rd, Waller, TX 77484
      View Details
    • $899,900

      Waller County Country Estate

      9.2-acre estate with a two-story home and equestrian facilities.
      31928 Reids Prairie Rd, Waller, TX 77484
      View Details
    • $3,500,000

      Ag-Exempt Acres for Agricultural Use

      40 acres with cross-fenced pastures, wells, and barndo.
      15610 Penick Rd, Waller, TX 77484
      View Details
    • $1,250,000

      Private Lakefront Estate on 10 Acres

      A rare retreat with nature, privacy, and elegant design.
      1024 Colibri Lk Ln, Waller, TX 77484
      View Details
    • $9,677,500

      245 Acres with Majestic Oaks

      Rolling acreage featuring two homes, barn, pond, and abundant wildlife.
      28107 Margerstadt Rd, Waller, TX 77484
      View Details
    • $1,289,000

      Farmhouse with Renovated In-Law Suite

      16-acre farmhouse with in-law suite and equestrian facilities.
      10306 Schmidt Rd, Waller, TX 77484
      View Details
    • $6,750,000

      Waller County Ranch with Residences

      177-acre Waller County ranch featuring main and guest houses.
      32023 Courtney Rd, Waller, TX 77484
      View Details
    • $1,400,000

      Waller County Country Retreat

      Country retreat near Houston with no restrictions and ag exempt.
      36239 Cochran Rd, Waller, TX 77484
      View Details

    FAQs

    What type of property is this?
    Land - Five platted commercial lots with concrete road and utilities.
    Where is this land located?
    The property is located at 29609 Fm 1488 Rd Waller, TX.
    What are key features of this property?
    This property features: - No restrictions offer flexibility for your development plans.; - 5 platted commercial lots ready for your vision.; - Interior concrete road already constructed for easy access.
    (713) 222-2111 Call to check price and availability
    Request Owner's contact information
    29609 Fm 1488 Rd Waller, TX 77484
    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.
    29609 Fm 1488 Rd
    Waller, TX 77484
    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
    29609 Fm 1488 Rd Waller, TX 77484
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sinem Arikan
    Sinem Arikan
    (713) 222-2111 (281) 269-3456 (832) 221-0229
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!