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

    43306 Highway 290 Business Waller, TX 77484

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $14,289,000

    101+ acres for residential, commercial, or mixed-use development.

    Lot size:
    101.24 Acres

    Property Features for 43306 Highway 290 Business

    General Information

    Standard status
    Active
    Lot size
    101.24 Acres

    We can help!

    Listing Contact
    Gregory Donaldson
    Gregory Donaldson
    Source: Corcoran

    Listing Agency: PRG, REALTORS Listing Agent: Gregory Donaldson

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

    Learn more

    Overview

    Prime Development Land on Highway

    This 101.2384-acre property is available for development in a rapidly growing area. The location fronts directly onto Highway 290 West and is suitable for residential, commercial, or mixed-use projects. The property's northern boundary adjoins the Highway 290 feeder road, while the southern boundary provides access to the old Business Highway 290. Convenient access to and from Highway 290 is available in either direction at James Muse Parkway. The property is located close to Prairie View University, Hempstead, and other developing areas within Waller County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Dental Office Bar & Pub Auto Repair Shop Discount Store Kitchen & Bath Showroom Veterinary Clinic Department Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.982574
    Latitude
    30.070251

    Nearby Similar for Sale

    • $535,350
      Pending

      Waller, TX New Manufactured Home

      New 3 bed/2 bath manufactured home on 10 acres.
      2 Bell Rd, Waller, TX 77484
      View Details
    • $2,350,000
      8,100 SF

      Waller Office Warehouse on Acreage

      8,100 SF office warehouse on 14.9 acres in Waller.
      30210 Waller Spring Creek Rd, Waller, TX 77484
      View Details
    • $335,000
      1,845 SF

      Waller Office Building For Sale

      Office building in high-traffic location with tenant occupancy.
      40344 Us-290 Bus, Waller, TX
      View Details
    • $2,475,000
      11,250 SF

      Refurbished Waller Building with Expansion Potential

      Multi-purpose property in downtown Waller with immediate cash flow.
      2302 Main St, Waller, TX 77484
      View Details
    • $1,400,000
      10,000 SF

      10,000 SF Industrial Warehouse

      10,000 SF warehouse with expansion yard and drive-thru capability.
      19268 Kickapoo Rd, Waller, TX 77484
      View Details
    • $925,000
      3,012 SF

      Farmhouse on 10 Acres

      Farmhouse with stocked lake on a 10-acre homesite.
      28335 Riley Rd, Waller, TX 77484
      View Details
    • $899,900

      Waller County Country Estate

      9.2-acre estate with a two-story home and equestrian facilities.
      31928 Reids Prairie Rd, Waller, TX 77484
      View Details
    • $3,500,000

      Ag-Exempt Acres for Agricultural Use

      40 acres with cross-fenced pastures, wells, and barndo.
      15610 Penick Rd, Waller, TX 77484
      View Details
    • $850,000
      2,495 SF

      Country Property with Versatile Improvements

      Well-maintained country property on approximately 5 acres with multiple barns.
      19989 Meadow Bend Rd, Waller, TX 77484
      View Details
    • $2,600,000
      7,217 SF

      Wellness Retreat on 12 Acres

      Purpose-built lodge for wellness, recovery, or corporate programming.
      26250b Riley Rd, Waller, TX 77484
      View Details
    • $1,250,000

      Private Lakefront Estate on 10 Acres

      A rare retreat with nature, privacy, and elegant design.
      1024 Colibri Lk Ln, Waller, TX 77484
      View Details
    • $9,677,500

      245 Acres with Majestic Oaks

      Rolling acreage featuring two homes, barn, pond, and abundant wildlife.
      28107 Margerstadt Rd, Waller, TX 77484
      View Details

    FAQs

    What type of property is this?
    Commercial land - 101+ acres for residential, commercial, or mixed-use development.
    Where is this commercial land located?
    The property is located at 43306 Highway 290 Business Waller, TX.
    What is the asking price?
    The asking price for this property is $14,289,000.
    What are key features of this property?
    This property features: - 101+ acres ideal for residential, commercial, or mixed-use development.; - **Direct frontage on Hwy 290 West in a rapidly growing area.**; - Easy access to Hwy 290 via James Muse Parkway.
    (832) 622-1160
    Request Owner's contact information
    43306 Highway 290 Business Waller, TX 77484
    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.
    43306 Highway 290 Business
    Waller, TX 77484
    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
    43306 Highway 290 Business Waller, TX 77484
    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

    We can help!
    Listing Contact
    Gregory Donaldson
    Gregory Donaldson
    Real Estate License ID: 0668225
    (832) 622-1160 (713) 461-1230
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!