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

    411 Hillsman Ln Sugar Land, TX 77498

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $649,000

    Prime unrestricted land in a rapidly growing Sugar Land corridor.

    Lot size:
    1.37 Acres

    Property Features for 411 Hillsman Ln

    General Information

    Lot size
    1.37 Acres

    We can help!

    Listing Contact
    Adel Hazim
    Adel Hazim
    Source: Elliman

    Listing Agent: Adel Hazim

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

    Learn more

    Overview

    Unrestricted Land in Sugar Land

    Located at 411 Hillsman Lane in Sugar Land, Texas, this unrestricted lot presents an investment opportunity. The property offers flexibility for expanding a business, establishing mobile homes, or transforming the property into a parking or industrial site. Positioned in a rapidly growing corridor of Sugar Land, the area is experiencing economic activity and rising demand for warehouse and flex space, fueled by logistics, light industrial, and commercial expansion. Its proximity to major highways and a local economy makes it suitable for immediate use and long-term investment.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Land
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.6620264
    Latitude
    29.6601477

    Nearby Similar for Sale

    • $694,990

      Brownstone Townhomes in Sugar Land

      New construction brownstone townhomes in Sugar Land's Imperial community.
      734 Imperial Blvd, Sugar Land, TX 77498
      View Details
    • Contact for pricing
      34,430 SF

      Sugar Land Professional Office Building

      Two-story, 34,430 SF office building in Sugar Land, Texas.
      4660 Sweetwater Blvd, Sugar Land, TX 77479
      View Details
    • $250,000
      1,567 SF

      Spacious Townhome in Sugar Land

      Two-bedroom townhome with flex space, convenient amenities, prime Sugar Land location.
      2710 Grants Lake Blvd, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      10,863 SF

      Sugar Land Office Building Investment

      Two-story office building with prime freeway frontage and long-term tenants.
      15140 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • $240,000

      Light-Filled Corner Unit Townhome

      2-bedroom, 2-bath townhome in Sugar Land's sought-after community.
      2611 Grants Lake Blvd, Sugar Land, TX 77479
      View Details
    • $285,000

      Sugar Land Condo with Balcony

      Condo in Sugar Land with access to many amenities.
      2299 Lone Star Dr, Sugar Land, TX 77479
      View Details
    • $203,880

      One-Story Condo Unit For Sale

      One-story condo with upgraded kitchen and renovated master bath.
      2711 Grants Lake Blvd, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      1,248 SF

      Upgraded Office Space in Sugar Land

      1,248 SF office space with upgraded finishes and accessibility.
      800 Bonaventure Way, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      3,500 SF

      Office Suites in Parklike Setting

      Office suites available with seller financing and easy highway access.
      146 Eldridge Rd, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      6,964 SF

      Historic Auditorium in Sugar Land

      Historic auditorium with deed restrictions for education or cultural arts.
      226 Lakeview Dr, Sugar Land, TX 77498
      View Details
    • Contact for pricing
      13,484 SF

      Sugar Land Office Space Opportunity

      Medical and professional office space for sale in Sugar Land.
      217 Promenade Way, Sugar Land, TX
      View Details
    • Contact for pricing
      8,500 SF

      Sugar Land Office Building For Sale

      8,500 SF office building in Sugar Land, Texas.
      2323 Town Center Dr, Sugar Land, TX 77478
      View Details

    FAQs

    What type of property is this?
    Land - Prime unrestricted land in a rapidly growing Sugar Land corridor.
    Where is this land located?
    The property is located at 411 Hillsman Ln Sugar Land, TX.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Unrestricted lot offering incredible flexibility for various uses (business expansion, mobile homes, parking, industrial site).; - Prime location in a rapidly growing corridor of Sugar Land, Texas.; - Strong economic activity and rising demand for warehouse and flex space in the area.
    (713) 922-2919
    Request Owner's contact information
    411 Hillsman Ln Sugar Land, TX 77498
    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.
    411 Hillsman Ln
    Sugar Land, TX 77498
    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
    411 Hillsman Ln Sugar Land, TX 77498
    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
    Adel Hazim
    Adel Hazim
    Real Estate License ID: 484450
    (713) 922-2919
    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.