Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    38154 Quail Dr Hempstead, TX 77445

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $33,000

    Residential lot with community amenities, convenient location.

    Lot size:
    0.28 Acres

    Property Features for 38154 Quail Dr

    General Information

    Standard status
    Active
    Lot size
    0.28 Acres
    Source: Corcoran

    Listing Agent: Larry Leggett

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

    Overview

    Residential Lot in Gated Community

    This residential lot is located within the gated community of Deerwood Lakes, which features four fishing ponds, a community swimming pool, and a playground. The community offers a country lifestyle with convenient access to urban areas, being situated 30 minutes from Magnolia and 35 minutes from College Station. The owner has seven lots available for sale, and they can be purchased together. The available lots are located at 26454 Deerwood Dr, 26438 Deerwood Dr, 26568 Buck, 26616 Doe, 26872 Callie, 26890 Callie, and 38154 Quail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.020945
    Latitude
    30.19706

    Nearby Similar for Sale

    • $1,600,000
      2,458 SF

      Hempstead Ranch with Pond and Bar

      Private 25-acre ranch with main house, cabin, and palapa bar.
      15130 Farm To Market 359, Hempstead, TX 77445
      View Details
    • $2,395,000
      4,448 SF

      Hempstead Farm with Custom Home

      Stunning custom home on 17+ acres in Hempstead, Texas.
      40051 Mesquite, Hempstead, TX 77445
      View Details
    • $3,995,000

      Refined Texas Country Estate

      30.67-acre estate near Houston with luxury main and guest houses.
      22476 Kmiec Rd, Hempstead, TX 77445
      View Details
    • $2,800,000

      Waller County Equestrian Estate

      Luxury property with custom homes, barns, and equestrian facilities.
      26701 A Nelson Rd Rd, Hempstead, TX 77445
      View Details
    • $3,995,000

      Elegant Country Living Near Brenham

      Remodeled home on acreage with pool, barn, and apartment.
      22474 Kmiec Rd, Hempstead, TX 77445
      View Details
    • $1,198,000
      5,254 SF

      Hempstead Estate Home with Acreage

      Spacious estate home on unrestricted acreage with resort-style pool.
      26179 Highway 6, Hempstead, TX 77445
      View Details
    • $895,000
      2,310 SF

      Custom Home on Acreage

      Unique home with pond, shop, and acreage near Hempstead.
      28030 Highway 6, Hempstead, TX 77445
      View Details
    • $26,550,000

      Broad Oaks Ranch: Brazos Riverfront

      Incomparable high-fence hunting ranch near Houston with Brazos River frontage.
      21729 Fm 1887 Rd, Hempstead, TX 77445
      View Details
    • $950,000
      2,622 SF

      Hempstead Property with Modern Conveniences

      Improved property in Hempstead with easy access to major highways.
      21348 Fm 359 Rd, Hempstead, TX 77445
      View Details
    • $5,495,000

      Hempstead Ranch with Stone Residence

      151.848-acre ranch featuring a distinguished stone residence and extensive amenities.
      Tompkins Rd, Hempstead, TX 77445
      View Details
    • $2,300,000

      Hempstead Country Living on 31 Acres

      Refined country living with modern comfort and timeless charm.
      27201 Double Culvert Rd, Hempstead, TX 77445
      View Details
    • $5,795,000
      4,480 SF

      Hempstead Ranch with Stone Residence

      151+ acre ranch featuring a 4,480 sq ft stone residence.
      35111 Tompkins Rd, Hempstead, TX 77445
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot with community amenities, convenient location.
    Where is this land located?
    The property is located at 38154 Quail Dr Hempstead, TX.
    What is the asking price?
    The asking price for this property is $33,000.
    What are key features of this property?
    This property features: - Gated community of Deerwood Lakes; - Access to four fishing ponds, community swimming pool, and playground; - Conveniently located 30 minutes from Magnolia and 35 minutes from College Station
    (888) 519-7431
    Request Owner's contact information
    38154 Quail Dr 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.
    38154 Quail Dr
    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.

    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
    38154 Quail Dr 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.