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

    Business 290 N Hempstead, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.66 acres with high visibility in growing Hempstead, TX.

    Lot size:
    1.66 Acres

    Property Features for Business 290 N

    General Information

    Lot size
    1.66 Acres

    We can help!

    Listing Contact
    Tyler Torres
    Tyler Torres
    Source: Moodyscre

    Listing Agency: Texas Commercial Real Estate Services Listing Agent: Tyler Torres

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

    Learn more

    Overview

    Prime Hempstead Land For Sale

    This outstanding property features approximately 1.66 acres available for sale in the rapidly growing market of Hempstead, TX. The site offers approximately 345 feet of frontage on Business 290 N, providing exceptional visibility suitable for retail, flex buildings, or service-based development. Located just 0.42 miles from Hwy 290, the property benefits from excellent access to regional thoroughfares and surrounding markets. The area is experiencing major growth, with key developments nearby, including a ±500-acre H-E-B distribution campus directly behind the site and the new Mustang CAT headquarters contributing to regional employment and infrastructure. A 120-acre residential development is projected to deliver over 400 homes, strategically located near the Hempstead Logistics Park, supporting both commercial and residential growth. Utilities are available through the City of Hempstead Utilities. The site is level and build-ready, offering flexible development potential within a high-traffic and high-growth corridor with expanding residential and industrial demand.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.0782918
    Latitude
    30.0974405

    Nearby Similar for Sale

    • $450,000
      3,600 SF

      Highway 6 Restaurant Opportunity

      Turnkey restaurant property with high visibility on Highway 6.
      27004 Highway 6, Hempstead, TX 77445
      View Details
    • $799,000
      3,290 SF

      Hempstead Homestead on 10 Acres

      Serene 10-acre Hempstead property with main home, cottage, and barns.
      23600 Brazos Estates Rd, Hempstead, TX 77445
      View Details
    • $489,000

      Modern Farmhouse on 1.5 Acres

      Like-new, custom farmhouse with barn, pond views, and generator.
      44206 Springer Rd, Hempstead, TX 77445
      View Details
    • $899,900
      896 SF

      Hempstead Tranquil Country Living Property

      Fully fenced property with horse accommodations and many upgrades.
      41481 Fm 3346 Rd, Hempstead, TX 77445
      View Details
    • $495,000

      Unrestricted Acreage with Workshop/Barn

      Four unrestricted acres featuring a manufactured home and workshop/barn.
      41230 Delma Rd, Hempstead, TX 77445
      View Details
    • $924,500

      24.32 Acre Agricultural Property

      24.32 acre agricultural property with improvements and peaceful surroundings.
      20573 Fontenot Ln, Hempstead, TX 77445
      View Details
    • $1,550,000

      Live-Work Space with Expansion Potential

      Live/work space with acreage, highway access, and expansion opportunities.
      54012 Highway 290, Hempstead, TX 77445
      View Details
    • $751,000

      Upscale Mobile Home on Acres

      3-bedroom mobile home on 12 acres with pond.
      35418 Tompkins Rd, Hempstead, TX 77445
      View Details
    • $970,000
      2,132 SF

      Hempstead Ranch with Barn & Home

      10.96-acre ranch featuring home, barn, and cross-fenced pastures.
      38094 Joe Loggins Rd, Hempstead, TX 77445
      View Details
    • $950,000
      Pending

      Hempstead Property with Modern Conveniences

      Improved property in Hempstead with easy access to major highways.
      21348 Fm 359 Rd, Hempstead, TX 77445
      View Details
    • $3,300,000

      Luxury Equestrian Estate in Hempstead

      Exclusive 45.57-acre property with luxury home and equestrian facilities.
      39761 Mesquite, Hempstead, TX 77445
      View Details
    • $2,300,000

      Refined Country Living on Acres

      Spacious home on +/- 31 acres with modern amenities.
      27201 Double Culvert Rd, Hempstead, TX 77445
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.66 acres with high visibility in growing Hempstead, TX.
    Where is this commercial land located?
    The property is located at Business 290 N Hempstead, TX.
    What are key features of this property?
    This property features: - High Traffic & High Growth Corridor: Located in a rapidly expanding area.; - Excellent Access & Visibility: Benefit from \u00b1345 Feet of Frontage on Business 290 N.; - Proximity to Major Developments: Directly behind the \u00b1500-Acre H-E-B Distribution Campus.
    (281) 898-0895 Call to check price and availability
    Request Owner's contact information
    Business 290 N 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.
    Business 290 N
    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
    Business 290 N 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tyler Torres
    Tyler Torres
    Real Estate License ID: 667430
    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!