Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land Perfect for Ranching Title is generated by Realmo AI

    28618 FM 362 Road, Waller, TX 77484

    View on Map
    Claim this Listing
    For Sale
    $3,277,140

    55-acre unrestricted rural land ideal for cattle or homestead.

    Type:Land or Vacant Lot
    Lot size:
    54.62 Acres
    Added:
    Jul 28, 2025
    Days on Market:
    311
    Last Refresh:
    May 10 at 8:43 pm

    Property Features for 28618 FM 362 Road

    General Information

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

    We can help!

    Listing Contact
    SAMANTHA WANT

    Listing agent SAMANTHA WANT

    Listing office WALLER COUNTY LAND CO.

    Listing date Jul 28, 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 WALLER COUNTY LAND CO.

    HighLights

    • 55 acres of unrestricted land suitable for various uses.
    • Fully fenced and cross‑fenced, currently operating as a cattle ranch.
    • Mix of open pasture, scattered trees, and a small pond.
    • Excellent location centrally positioned between Houston, College Station, and Brenham.
    • Blank slate to build a new home or barn.
    • Productive land well‑suited for continued agricultural use.

    Overview

    This 55-acre tract of unrestricted rural land is suitable for cattle, hay production, or a homestead. Currently a working cattle ranch, the fully fenced and cross-fenced acreage features open pasture, scattered tree clusters, and a small pond. The land is productive and suited for continued agricultural use. A home exists on the property but is not considered part of the sale due to its condition. The property is located just off FM 362, centrally positioned between Houston, College Station, and Brenham.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.9338
    Latitude
    30.1979

    Nearby Similar for Sale

    • $1,650,000
      2,720 SF

      Luxury Ranch Estate with Stables

      Unrestricted 28-acre ranch estate with stables near Houston.
      1560 Bowler Road, Waller, TX 77484
      View Details
    • $599,990
      2,446 SF

      Waller Acreage with Equestrian Amenities

      5.2-acre Waller property with horse barn, arena, and home.
      34303 Brumlow Road, Waller, TX 77484
      View Details
    • $349,900

      Waller, TX 5.75-Acre Lot

      5.75-acre lot in Waller, TX with mature trees.
      33369 Black Falcon Court, Waller, TX 77484
      View Details
    • $310,000

      Unrestricted Land in Waller, TX

      4.5 acres of unrestricted, cleared land in Waller, Texas.
      5890 Magan Road, Waller, TX 77484
      View Details
    • $950,000
      1,992 SF

      Unrestricted Land Near Waller, Texas

      6-acre unrestricted tract near Waller, Texas, for sale.
      29211 Castle Road, Waller, TX 77484
      View Details
    • $209,000

      Cleared Land in Waller, Texas

      18,582 sq ft lot ready for development.
      2711 Bois D Arc, Waller, TX 77484
      View Details
    • $825,000
      3,012 SF

      Farmhouse on 10 Acres

      Farmhouse on 10 acres with stocked lake and pier.
      28335 Riley Road, Waller, TX 77484
      View Details
    • $110,000

      Sprawling Land in Plantation Lakes

      4.28-acre lot in serene Plantation Lakes, Waller, TX.
      Horseshoe Bend, Waller, TX 77484
      View Details
    • $859,900
      3,316 SF

      Waller County Country Estate

      9.2-acre estate with a two-story home and equestrian facilities.
      31928 Reids Prairie Road, Waller, TX 77484
      View Details
    • $825,000
      2,495 SF

      Country Property with Versatile Improvements

      Well-maintained country property on approximately 5 acres with multiple barns.
      19989 Meadow Bend Road, Waller, TX 77484
      View Details
    • $795,000

      Gated 14-Acre Tract For Sale

      14-acre tract in gated community near FM 149.
      0014 Evergreen Lot 4 Fm 362 Rd, Waller, TX 77484
      View Details
    • $575,000

      Unrestricted Commercial Land in Waller

      Five-acre commercial land parcel suitable for industrial or mixed-use development.
      27787 Riley Rd, Waller, TX
      View Details

    FAQs

    What type of property is this?
    Ranch - 55-acre unrestricted rural land ideal for cattle or homestead.
    Where is this ranch located?
    The property is located at 28618 FM 362 Road Waller, TX.
    What is the asking price?
    The asking price for this property is $3,277,140.
    What are key features of this property?
    This property features: 55 acres of unrestricted land suitable for various uses.; Fully fenced and cross‑fenced, currently operating as a cattle ranch.; Mix of open pasture, scattered trees, and a small pond.
    (936) 372-9181
    We can help!
    Listing Contact
    SAMANTHA WANT
    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
    28618 FM 362 Road, Waller, TX 77484
    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!