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

    NWC of Hwy 290 & James R Muse Pkwy Prairie View, TX 77445

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with direct visibility from Highway 290.

    Type:Industrial
    Added:
    Mar 21, 2023
    Days on Market:
    1131
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for NWC of Hwy 290 & James R Muse Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Barkley Peschel

    Listing agent Barkley Peschel License #TX 343848

    Listing office Colliers - Houston, Texas

    Listing date Mar 21, 2023

    Source Crexi

    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 Colliers - Houston, Texas

    Overview

    Land on US Highway 290

    This site is located at US Highway 290 and James Muse Parkway, offering excellent access and direct visibility from the highway. The tract is bordered by US Highway 290 to the south, James Muse Parkway to the east, and Owens Road to the north.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Prairie View
    County
    Harris
    State
    Texas
    Longitude
    -96.0805
    Latitude
    30.0877

    Nearby Similar for Sale

    • $595,000
      2,192 SF

      Prairie View Office For Sale

      Office unit available for purchase in Prairie View, Texas.
      229 University Drive, Prairie View, TX 77445
      View Details
    • $695,000
      2,192 SF

      Prairie View Agricultural Property

      2192 square foot agricultural property in Prairie View, Texas.
      229 University Drive, Prairie View, TX 77445
      View Details
    • $333,365

      Commercial Land in Prairie View

      Commercial property in Prairie View, Texas, suitable for investment.
      45240 US-290, Prairie View, TX
      View Details
    • $62,999

      Cleared Land Ready For Building

      Cleared land ready for building, use your due diligence.
      20714 Pearl Street, Prairie View, TX 77484
      View Details
    • $62,999

      Land Available For Sale

      Land available for purchase on Pearl Street, Prairie View, TX.
      20736 Pearl Street, Prairie View, TX 77484
      View Details
    • Contact for pricing
      2,242 SF

      Prairie View Multifamily Investment Opportunity

      Multifamily complex near Prairie View A&M University.
      300 Echols St, Prairie View, TX 77446
      View Details
    • $70,000

      Land Near Prairie View A&M

      Land for sale near Prairie View A&M University.
      20704 Pearl Street, Prairie View, TX 77484
      View Details
    • $3,655,800

      Land For Sale Prairie View

      Land available for sale in Prairie View, Texas.
      Richards Rd, Prairie View, TX
      View Details
    • Contact for pricing

      Land For Sale Prairie View

      Land available in Prairie View, Texas.
      James Muse Pky, Prairie View, TX
      View Details
    • Contact for pricing
      6,000 SF

      Prairie View Warehouse with Crane

      6,000 SF warehouse with office and crane-ready features.
      41325 Cole William Way, Prairie View, TX
      View Details
    • $3,925,000

      Unrestricted Land in Fields Store

      26266 Fields Store property with endless possibilities.
      Field Store Rd, Prairie View, TX
      View Details
    • Contact for pricing
      1,300,000 SF

      Highway 290 Development Site

      Large site suitable for distribution or manufacturing with highway frontage.
      Hwy 290 & James Muse Pkwy, Prairie View, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with direct visibility from Highway 290.
    Where is this commercial land located?
    The property is located at NWC of Hwy 290 & James R Muse Pkwy Prairie View, TX.
    What are key features of this property?
    This property features: Excellent ingress/egress; Direct visibility from Highway 290; Located at US Highway 290 and James Muse Parkway
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barkley Peschel
    Real Estate License ID: TX 343848
    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!