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    51361 Us-290 Hempstead, TX 77445

    For Sale
    $2,100,000

    US 290 Prime Commercial Tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 30.63-acre commercial land parcel in Hempstead, Texas, presents a compelling investment opportunity. Strategically located on US 290 with 82 feet of road frontage, this property boasts convenient access to major transportation routes. Its prime location is within a three-mile radius of significant developments, including the new RCR Hempstead Rail Logistics Park, the new $30 million Mustang Cat headquarters, and the planned H-E-B distribution campus on over 500 acres in Waller County. The property features a pond for natural drainage, a water well, and septic system. Currently, there are no rollback taxes for commercial use, and the property is not located in a floodplain. An agricultural exemption is pending. Existing nearby businesses include a motel, gas station, and convenience store, suggesting a thriving commercial environment. This versatile land is ideal for various uses, including industrial, manufacturing, or multi-family housing developments. The potential for significant return on investment is undeniable, making this a must-see property for discerning investors. The asking price is $2,100,000. The property's address is 51361 US-290, Hempstead, TX 77445.

    Property Features for 51361 Us-290

    General Information

    Property type
    Land

    HighLights

    • $2,100,000 asking price for 30.63 acres of commercial land.
    • Located in Hempstead, TX, on US 290 with 82 ft of road frontage.
    • Excellent location near RCR Hempstead Rail Logistics Park, new Mustang Cat headquarters, and planned H‑E‑B distribution center.
    • Features a pond for drainage, water well, and septic system; city utilities possible.
    • No rollback taxes for commercial use; Ag exemption pending; no floodplain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.0922021
    Latitude
    30.1146973

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    FAQs

    What type of property is this?
    Land - US 290 Prime Commercial Tract
    Where is this land located?
    The property is located at 51361 Us-290 Hempstead, TX.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price for 30.63 acres of commercial land.; Located in Hempstead, TX, on US 290 with 82 ft of road frontage.; Excellent location near RCR Hempstead Rail Logistics Park, new Mustang Cat headquarters, and planned H-E-B distribution center.
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    51361 Us-290 Hempstead, TX 77445
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    Realmo Value Estimation

    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.

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    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
    51361 Us-290 Hempstead, TX 77445
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