Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land in Fields Store Title is generated by Realmo AI

    Field Store Rd, Prairie View, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    26266 Fields Store property with endless possibilities.

    Type:LAND
    Lot size:
    125.00 Acres
    Added:
    Aug 15, 2023
    Days on Market:
    1029
    Last Refresh:
    May 20 at 9:30 pm

    Property Features for Field Store Rd

    General Information

    Standard status
    Active
    Lot size
    125.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Timothy J. Phelan
    Timothy J. Phelan

    Listing agent Timothy J. Phelan License #0315435

    Listing office Waller County Land Company

    Listing date Aug 15, 2023

    Source Moodyscre

    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 Company

    HighLights

    • Unrestricted land in the desirable Fields Store community offering multiple homesites.
    • Park‑like setting with two ponds, wooded areas, and open spaces.
    • Breathtaking views of rolling terrain.
    • Abundant wildlife, ideal for nature enthusiasts.
    • Agricultural exemption.
    • Approximately 1000 feet of frontage and convenient location (5 minutes from Hwy. 290).

    Overview

    Located in the Fields Store community, this unrestricted land offers opportunities for building. The property features a park-like setting with two ponds, wooded areas, and open spaces, with views of the surrounding terrain. The scattered wooded spaces attract wildlife. The property includes an agricultural exemption and approximately 1000 feet of frontage. It is located a short 5-minute drive from Hwy. 290.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Prairie View
    County
    Harris
    State
    Texas
    Longitude
    -95.9924
    Latitude
    30.0884

    Nearby Similar for Sale

    • $210,000

      Multifamily Property Near Prairie View A&M

      Three-unit multifamily property near Prairie View A&M University.
      300 Echols St, Prairie View, TX 77446
      View Details
    • $333,365

      Commercial Land in Prairie View

      Commercial property in Prairie View, Texas, suitable for investment.
      45240 US-290, Prairie View, TX
      View Details
    • Contact for pricing
      2,242 SF

      Prairie View Multifamily Investment Opportunity

      Multifamily complex near Prairie View A&M University.
      300 Echols St, Prairie View, TX 77446
      View Details
    • $62,999

      Cleared Land Ready For Building

      Cleared land ready for building, use your due diligence.
      20714 Pearl Street, Prairie View, TX 77484
      View Details
    • $62,999

      Land Available For Sale

      Land available for purchase on Pearl Street, Prairie View, TX.
      20736 Pearl Street, Prairie View, TX 77484
      View Details
    • $3,655,800

      Land For Sale Prairie View

      Land available for sale in Prairie View, Texas.
      Richards Rd, Prairie View, TX
      View Details
    • $70,000

      Land Near Prairie View A&M

      Land for sale near Prairie View A&M University.
      20704 Pearl Street, Prairie View, TX 77484
      View Details
    • $89,500

      Land For Sale

      Land available for sale in Prairie View, Texas.
      0000 Hwy 290 Bus Rd, Prairie View, TX 77484
      View Details
    • Contact for pricing
      6,000 SF

      Prairie View Warehouse with Crane

      6,000 SF warehouse with office and crane-ready features.
      41325 Cole William Way, Prairie View, TX
      View Details
    • Contact for pricing

      Land For Sale Prairie View

      Land available in Prairie View, Texas.
      James Muse Pky, Prairie View, TX
      View Details
    • Contact for pricing
      1,300,000 SF

      Highway 290 Development Site

      Large site suitable for distribution or manufacturing with highway frontage.
      Hwy 290 & James Muse Pkwy, Prairie View, TX
      View Details
    • Contact for pricing

      Land on US Highway 290

      Land with direct visibility from Highway 290.
      NWC of Hwy 290 & James R Muse Pkwy, Prairie View, TX 77445
      View Details

    FAQs

    What type of property is this?
    Land - 26266 Fields Store property with endless possibilities.
    Where is this land located?
    The property is located at Field Store Rd Prairie View, TX.
    What is the asking price?
    The asking price for this property is $3,925,000.
    What are key features of this property?
    This property features: Unrestricted land in the desirable Fields Store community offering multiple homesites.; Park‑like setting with two ponds, wooded areas, and open spaces.; Breathtaking views of rolling terrain.
    (281) 723-9656 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Timothy J. Phelan
    Timothy J. 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

    Thank You for Inquiry
    Field Store Rd, Prairie View, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!