Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    550 Acres Angel Pines Ranch Title is generated by Realmo AI

    19204 Fm 359 Rd, Hempstead, TX 77445

    View on Map
    Claim this Listing
    For Sale
    $25,000,000

    Vintage ranch with shaded trails, barns, stalls, arena, and ponds.

    Type:Farm and Ranch Properties
    Lot size:
    550.00 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    185
    Last Refresh:
    May 10 at 10:51 pm

    Property Features for 19204 Fm 359 Rd

    General Information

    Standard status
    Active
    Lot size
    550.00 Acres
    Property subtype
    Farm and Ranch Properties

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Collin Nguyen

    Listing agent Collin Nguyen License #0515780

    Listing office REALTY ASSOCIATES

    Listing date Nov 27, 2025

    Source Elliman

    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 REALTY ASSOCIATES

    HighLights

    • 550‑acre ranch featuring 3 miles of shaded trails and iconic pines.
    • Equipped for horses with 28 stalls, lighted arena, round pen, and 9 pastures.
    • Includes a 2 bed/2 bath barndominium, 2 mobile homes, and 4 barns.
    • Features 3 ponds (3 cascading) and 2 hay fields.
    • Located near Highway 290 and I‑10, zoned to Waller County schools.
    • 1650 feet of road frontage on FM 359 and Betka Rd.

    Overview

    The 550 Acres Angel Pines Ranch is located southeast of Hempstead, accessible four miles south of Highway 290 on FM 359 and 20 miles north of Brookshire from I-10. The ranch features 1650 feet of road frontage on FM 359 and Betka Rd. The vintage ranch includes 3 miles of shaded trails surrounded by pines planted in the 1960s. Three Mile Creek flows on both sides of the entrance, with 3 bridges. Improvements include a 2 bed/2 bath barndominium, 2 mobile homes, 4 barns, 28 stalls, a lighted arena, a pipe fenced round pen, 9 smooth wired horse pastures, and 4 ponds. Three of the ponds cascade down to the hill to the woods and the creek. There are 2 big hay fields and numerous building sites. The property is located in Waller County/Waller ISD.
    Location Intelligence

    Current Use by Public Records

    Drivetanks.com Outpost Houston Museum Angel Pines Safari Tour Operator

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.038
    Latitude
    30.042

    Nearby Similar for Sale

    • $1,400,000
      2,483 SF

      Equestrian Ranch with Wildlife Exemption

      Turnkey ranch on 19 acres with equestrian facilities.
      40570 Wild life Run, Hempstead, TX 77445
      View Details
    • $450,000
      3,600 SF

      Highway 6 Restaurant Opportunity

      Turnkey restaurant property with high visibility on Highway 6.
      27004 Hwy 6, Hempstead, TX 77445
      View Details
    • $780,000
      3,290 SF

      Hempstead Homestead on 10 Acres

      Serene 10-acre Hempstead property with main home, cottage, and barns.
      23600 Brazos Estates Road, Hempstead, TX 77445
      View Details
    • $489,000
      1,500 SF

      Modern Farmhouse on 1.5 Acres

      Like-new, custom farmhouse with barn, pond views, and generator.
      44206 Springer Rd, Hempstead, TX 77445
      View Details
    • $495,000

      Unrestricted Acreage with Workshop/Barn

      Four unrestricted acres featuring a manufactured home and workshop/barn.
      41230 Delma Rd, Hempstead, TX 77445
      View Details
    • $260,000
      2,156 SF

      Log Home on Corner Lot

      Spacious log home on 1.8 acres with residential/commercial potential.
      40646 Fm 2979, Hempstead, TX 77445
      View Details
    • $875,000
      896 SF

      Hempstead Tranquil Country Living Property

      Fully fenced property with horse accommodations and many upgrades.
      41481 Fm 3346 Road, Hempstead, TX 77445
      View Details
    • $1,400,000
      2,483 SF

      Equestrian Ranch with Wildlife Exemption

      Turnkey ranch on 19 acres with equestrian facilities.
      40570 Wildlife Run, Hempstead, TX 77445
      View Details
    • $3,200,000

      Remodeled Home with Equestrian Amenities

      Remodeled home on acreage with barn, apartment, pool, and more.
      22474 Kmiec Rd, Hempstead, TX 77445
      View Details
    • $799,000

      Hempstead Farm on FM 359

      Farm and agricultural property available in Hempstead, Texas.
      22272 Fm 359 Rd, Hempstead, TX 77445
      View Details
    • $285,000
      2,082 SF

      Retail Property Near Industrial Developments

      Retail property with high visibility near industrial and residential growth.
      31565 Fm 1736 Road, Hempstead, TX 77445
      View Details
    • $3,100,000
      4,000 SF

      Luxury Equestrian Estate in Hempstead

      Exclusive 45.57-acre property with luxury home and equestrian facilities.
      39761 Mesquite, Hempstead, TX 77445
      View Details

    FAQs

    What type of property is this?
    Ranch - Vintage ranch with shaded trails, barns, stalls, arena, and ponds.
    Where is this ranch located?
    The property is located at 19204 Fm 359 Rd Hempstead, TX.
    What is the asking price?
    The asking price for this property is $25,000,000.
    What are key features of this property?
    This property features: 550‑acre ranch featuring 3 miles of shaded trails and iconic pines.; Equipped for horses with **28 stalls, lighted arena, round pen, and 9 pastures.**; Includes a 2 bed/2 bath barndominium, 2 mobile homes, and 4 barns.
    (832) 640-5183
    We can help!
    Listing Contact
    Collin Nguyen
    Real Estate License ID: 0515780
    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
    19204 Fm 359 Rd, Hempstead, TX 77445
    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!