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

    20573 Fontenot Ln Hempstead, TX 77445

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $924,500

    24.32 acre agricultural property with improvements and peaceful surroundings.

    Lot size:
    24.32 Acres

    Property Features for 20573 Fontenot Ln

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Active
    Lot size
    24.32 Acres

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Randy Summers
    Randy Summers
    Source: Elliman

    Listing Agency: SUMMERS BROKERAGE, PC Listing Agent: Randy Summers

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

    Learn more

    Overview

    24.32 Acre Agricultural Property

    This 24.32-acre agricultural property, currently under an agricultural exemption, offers a peaceful environment suitable for cattle. Previously utilized as a Christmas tree farm, the land includes a small A-frame home, a barn, cattle pens, a pond, and scattered trees. The property is completely fenced and rectangular in shape, featuring a well, septic system, and gated entrance. Located adjacent to a property that produces quality select sand, it benefits from a private easement road situated on the north line of Pine Island, a small community city. The location is strategic, being 1 mile south of Hwy 290, between Hempstead and Prairie View A&M University.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.0805
    Latitude
    30.0877

    Nearby Similar for Sale

    • Contact for pricing
      4,200 SF

      Retail Property Owner Financing Available

      Retail property for sale with owner financing in Hempstead, TX.
      1006 12Th St, Hempstead, TX 77445
      View Details
    • $950,000

      Hempstead Property with Modern Conveniences

      Improved property in Hempstead with easy access to major highways.
      21348 Fm 359 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
      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
    • $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
    • $2,490,000

      Established Event Venue For Sale

      Event venue in Waller County, midway between Houston and Austin.
      53447 Highway 290, Hempstead, TX 77445
      View Details
    • $1,975,000

      Equestrian Estate in Nine Bar Ranch

      11.55-acre equestrian estate with modern comfort and rural elegance.
      30163 High Spirit Ranch Rd, Hempstead, TX 77445
      View Details
    • $1,625,000
      1,675 SF

      Hempstead Acreage with Charming Home

      42.5-acre property with home, barn, shed, and pond.
      22052 Chapman Rd, Hempstead, TX 77445
      View Details
    • $1,850,000
      4,024 SF

      Texas Home on Sprawling Acreage

      Spacious home on acreage near Hempstead, Brenham, Houston, and College Station.
      36394 Fm 1736 Rd, Hempstead, TX 77445
      View Details
    • $24,000,000

      Broad Oaks Ranch in Hempstead, TX

      Incomparable high-fence hunting ranch near Houston with Brazos River frontage.
      21729 Fm 1887 Rd, Hempstead, TX 77445
      View Details
    • $4,000,000

      Spacious Hempstead Property with Home

      83.9-acre property featuring a 3-bedroom home in Hempstead, Texas.
      32634 Fm 1736 Rd, Hempstead, TX 77445
      View Details
    • $25,000,000

      550 Acres Angel Pines Ranch

      Vintage ranch with shaded trails, barns, and horse pastures.
      19204 Fm 359 Rd, Hempstead, TX 77445
      View Details

    FAQs

    What type of property is this?
    Farm - 24.32 acre agricultural property with improvements and peaceful surroundings.
    Where is this farm located?
    The property is located at 20573 Fontenot Ln Hempstead, TX.
    What is the asking price?
    The asking price for this property is $924,500.
    What are key features of this property?
    This property features: - 24.32 acre property with agricultural exemption in place for cattle; - Completely fenced, rectangular-shaped land with gated entrance; - Features a pond, barn, and cattle pens
    (281) 351-5800
    Request Owner's contact information
    20573 Fontenot Ln Hempstead, TX 77445
    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.
    20573 Fontenot Ln
    Hempstead, TX 77445
    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
    20573 Fontenot Ln Hempstead, TX 77445
    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
    Randy Summers
    Randy Summers
    Real Estate License ID: 0441839
    (281) 351-5800 (281) 793-6892 (936) 890-2545
    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!