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

    21334 Fm 2920 Rd Hockley, TX 77447

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $5,995,000

    Commercial land suitable for multiple development purposes.

    Lot size:
    23.11 Acres

    Property Features for 21334 Fm 2920 Rd

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Pending
    Lot size
    23.11 Acres

    We can help!

    Listing Contact
    Timothy Martens
    Source: Elliman

    Listing Agency: M & M TEXAS PROPERTIES Listing Agent: Timothy Martens

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

    Learn more

    Overview

    Commercial Land Ready For Development

    This property is intended for commercial use and offers development potential for various purposes, including single-family, multi-family, retail, office warehouses, or a combination thereof. The location benefits from the presence of three subdivisions within a half-mile radius, with further residential developments planned in the vicinity. According to the Harris County MTFP, there are plans to extend Mason Road north to align with Roberts Cemetery Rd, positioning this tract at the crossroads of the two.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Storage Facility Car Rental Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Harris
    State
    Texas
    Longitude
    -95.756485
    Latitude
    30.079475

    Nearby Similar for Sale

    • $899,000
      2,115 SF

      Hockley Country Living on Acres

      4.5 acres with fenced land, barn, and RV carport.
      23530 Hargrave Rd, Hockley, TX 77447
      View Details
    • $770,000

      Hockley Acreage with Custom Home

      Custom steel home on 5.28 acres with Barnmaster barn.
      32035 Joseph Rd, Hockley, TX 77447
      View Details
    • $888,000

      Hockley Mixed-Use Ranch Property

      6.9-acre mixed-use ranch with barndo, guest house, shop.
      27896 Rice Rd, Hockley, TX 77447
      View Details
    • $888,000

      Hockley Ranch with Mixed-Use Potential

      6.9-acre ranch property with barndo, guesthouse, shop, and arena.
      27896 Rice Rd, Hockley, TX 77447
      View Details
    • $1,250,000

      Hockley, TX Unrestricted Acreage

      45-acre property with fixer-upper home in Hockley, TX.
      23515 Cardinal Dr, Hockley, TX 77447
      View Details
    • $1,900,000
      Pending

      Hockley Unrestricted 50-Acre Property

      50-acre unrestricted property with pastures, trees, pond, and cabin.
      24030 Hegar Rd, Hockley, TX 77447
      View Details
    • $2,900,000

      Hockley Farm and Agricultural Property

      Farm and agricultural property available in Hockley, Texas.
      Farm To Market 2920, Hockley, TX 77447
      View Details
    • Contact for pricing
      10,000 SF

      Bauer Road Business Park: Office/Warehouse

      Modern Office/Warehouse Space in Hockley, TX
      18231 Bauer Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      82,100 SF

      Kermier Commerce Park: Hockley, TX

      Industrial Manufacturing Facility: 82,100 SF
      18602 Kermier Rd, Hockley, TX 77447
      View Details
    • $3,750,000

      15-Acre Event Venue in Hockley, TX

      Established Wedding Venue, 15 Acres
      25566 Bradbury Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      6,000 SF

      Hockley Industrial Property For Sale

      6,000 sq ft industrial property in Hockley, Texas.
      18231 Bauer Rd, Hockley, TX 77447
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land suitable for multiple development purposes.
    Where is this commercial land located?
    The property is located at 21334 Fm 2920 Rd Hockley, TX.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - Potential for multiple commercial uses.; - Located near three existing subdivisions.; - Future road development positions the tract at a crossroads.
    (936) 931-5356
    Request Owner's contact information
    21334 Fm 2920 Rd Hockley, TX 77447
    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.
    21334 Fm 2920 Rd
    Hockley, TX 77447
    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
    21334 Fm 2920 Rd Hockley, TX 77447
    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
    Timothy Martens
    Real Estate License ID: 0484954
    (936) 931-5356 (281) 381-0376 (713) 252-1324
    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!