Add Listing
    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

    236 Acres- Morrison Road Brookshire, TX 77423

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $15,500,000

    236 acres of land suitable for residential or commercial development.

    Type:Land or Vacant Lot
    Lot size:
    236.00 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    210
    Last Refresh:
    Mar 27 at 1:09 am

    Property Features for 236 Acres- Morrison Road

    General Information

    Standard status
    Active
    Lot size
    236.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MINDY FLINT

    Listing agent MINDY FLINT

    Listing office EVAN LLOYD PROPERTIES, INC.

    Listing date Sep 4, 2025

    Source Corcoran

    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 EVAN LLOYD PROPERTIES, INC.

    Overview

    236 Acres Prime Development Land

    This 236-acre property is located in a rapidly growing area, situated 10 minutes from I-10 and 99 Grand Parkway and 15 minutes from Katy Mall. The land is level, making it suitable for development. The property has road frontage on both Morrison Road and FM 2855. Currently, cattle are on the property, which is perimeter fenced and has a water well. The land is AG exempt and is currently being used for cattle grazing. This property presents an opportunity for residential or commercial development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Brookshire
    County
    Waller
    State
    Texas
    Longitude
    -95.9894
    Latitude
    29.8217

    Nearby Similar for Sale

    • $1,200,000
      3,784 SF

      Versatile Property with Commercial Potential

      5-acre property with offices, kennel, and development potential.
      1514 Fm 359 Road, Brookshire, TX 77423
      View Details
    • $449,990

      Brookshire Land Near Highway 359

      1.47 acre tract near Highway 359 in Brookshire, TX.
      1235 Fm 359 Road, Brookshire, TX 77423
      View Details
    • $645,000

      Prime Commercial Tract For Sale

      1.8-acre commercial tract with excellent visibility and access.
      3621 10th Street, Brookshire, TX 77423
      View Details
    • $544,800

      Prime Land Near I-10

      Land with potential for residential and commercial use.
      3611 10th Street, Brookshire, TX 77423
      View Details
    • $685,000
      2,456 SF

      Unrestricted Land with Road Frontage

      Unrestricted land with frontage on FM 359 and Halbison Rd.
      6276 Halbison Road, Brookshire, TX 77423
      View Details
    • $1,850,000

      Brookshire Land in Opportunity Zone

      Prime 4.85 AC land plot with high traffic volume.
      522 FM 359 S, Brookshire, TX 77423
      View Details
    • $99,500

      Unrestricted Land Near Houston

      3-acre Waller County land near Brookshire, TX.
      Tbd Garrett Rd, Brookshire, TX 77423
      View Details
    • $1,888,800
      7,308 SF

      Retail Property in Jordan Ranch

      Retail property integrated in Houston's master planned community.
      29907-29911 Jordan Crossing Boulevard,, Brookshire, TX
      View Details
    • $725,000
      1,512 SF

      Brookshire Home on 5 Acres

      3-bedroom home on 5 acres near Katy and Houston.
      8307 W Green Leaf Street, Brookshire, TX 77423
      View Details
    • $75,000

      Two Adjoining Parcels For Sale

      Two parcels totaling 19,166 SF with road access.
      3640 12th Street, Brookshire, TX 77423
      View Details
    • $3,950,000
      19,039 SF

      Brookshire Special-Use Campus For Sale

      90+ acre campus with 12 buildings suitable for retreats.
      4073 Fm 3318 Road, Brookshire, TX 77423
      View Details
    • $190,000

      Raw Land Near Interstate 10

      Raw land available near Interstate 10 in Brookshire, Texas.
      4700 11th Street, Brookshire, TX 77423
      View Details

    FAQs

    What type of property is this?
    Commercial land - 236 acres of land suitable for residential or commercial development.
    Where is this commercial land located?
    The property is located at 236 Acres- Morrison Road Brookshire, TX.
    What is the asking price?
    The asking price for this property is $15,500,000.
    What are key features of this property?
    This property features: 236 acres of prime real estate in a rapidly growing area.; Excellent opportunity for residential or commercial development.; Significant road frontage on both Morrison Rd and FM 2855.
    (281) 570-3923
    We can help!
    Listing Contact
    MINDY FLINT
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!