Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10021 Oil Field Rd Brenham, TX 77833

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    50 ag-exempt acres in Wesley community, Washington County.

    Lot size:
    50.00 Acres

    Property Features for 10021 Oil Field Rd

    General Information

    Standard status
    Active
    Lot size
    50.00 Acres

    We can help!

    Listing Contact
    Gabri Means
    Source: Corcoran

    Listing Agency: MARKET REALTY INC. Listing Agent: Gabri Means

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

    Learn more

    Overview

    Wesley Ag-Exempt Acres For Sale

    This property features approximately 50 ag-exempt acres situated in the Wesley community of Washington County. The hilltop land overlooks the East Mill Creek river bottom and includes mature live oaks and ponds. Several potential build sites are present, suitable for a primary residence or weekend retreat. The property has electric available and paved road frontage. It is located approximately 10 miles from Brenham and 20 miles from Round Top. The seller will retain all mineral rights and waive all surface rights. Additional acreage is available for sale.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Brenham
    County
    Washington
    State
    Texas
    Longitude
    -96.4665081
    Latitude
    30.0749722

    Nearby Similar for Sale

    • $450,000
      1,196 SF

      Former Restaurant with Drive-Through

      Former Sonic restaurant on corner lot with drive-through.
      1600 South Market St, Brenham, TX 77833
      View Details
    • $885,000
      10,441 SF

      Downtown Brenham Commercial Opportunity

      Exceptional commercial property in historic Downtown Brenham with redevelopment potential.
      307 E Alamo St, Brenham, TX 77833
      View Details
    • $390,000
      1,697 SF

      Brenham Home on Acreage

      Inviting 3-bedroom home on a spacious 1-acre lot.
      319 Shady Acres Ln, Brenham, TX 77833
      View Details
    • $899,000
      2,805 SF

      Remodeled Commercial Building in Brenham

      Remodeled 2,805 SF commercial building in Brenham's downtown district.
      301 S Market St, Brenham, TX 77833
      View Details
    • New
      $299,000
      924 SF

      Secluded Cabin Near Brenham, TX

      Wooded 4.68-acre property with a 924 sq ft cabin.
      1041 Allen Rd, Brenham, TX 77833
      View Details
    • $1,589,000
      3,330 SF

      Brenham Acreage with Scenic Pond

      23-acre Brenham property featuring a pond and Hill Country-style home.
      820 Candlelight Cir, Brenham, TX 77833
      View Details
    • New
      $1,650,000
      4,279 SF

      21-Acre Lavender Farm with Retail

      Lavender farm with home, retail space, and agricultural potential.
      2250 Dillard Rd, Brenham, TX 77833
      View Details
    • New
      $2,650,000
      7,471 SF

      Brenham Ranch Estate with Pecan Trees

      98.125-acre ranch estate with main residence and guest house.
      8145 Fm 390 E, Brenham, TX 77833
      View Details
    • $1,450,000
      3,368 SF

      Historic Brenham Property with Acreage

      Spacious residence on 10+ acres near Brenham, Texas.
      2408 Gun And Rod Rd, Brenham, TX 77833
      View Details
    • $2,500,000
      57,136 SF

      Former Retail Space on 6.78 Acres

      57,135 SF retail space on 6.78 acres for sale.
      2202 South Market St, Brenham, TX 77833
      View Details
    • $995,000
      Pending

      Industrial Building on FM 577

      Industrial building for sale in Brenham, Texas, near HWY 290.
      605 South Blue Bell Rd, Brenham, TX 77833
      View Details
    • New
      $415,000
      1,020 SF

      Historic Independence Property on Acreage

      Rare 1840s property blending historic character with modern living.
      10415 Mcknight Rd, Brenham, TX 77833
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 50 ag-exempt acres in Wesley community, Washington County.
    Where is this agricultural land / farmland located?
    The property is located at 10021 Oil Field Rd Brenham, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - 50 ag-exempt acres in a peaceful location.; - Hilltop property with views overlooking the East Mill Creek river bottom.; - Mature live oaks and ponds on the property.
    (979) 836-9600
    Request Owner's contact information
    10021 Oil Field Rd Brenham, TX 77833
    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.
    10021 Oil Field Rd
    Brenham, TX 77833
    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
    10021 Oil Field Rd Brenham, TX 77833
    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
    Gabri Means
    Real Estate License ID: 779479
    (979) 836-9600 (979) 277-8687
    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!