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

    0 Binford Road Waller, TX 77484

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

    40+/- acres suitable for industrial or multifamily development.

    Type:Land
    Lot size:
    40.00 Acres
    Added:
    Oct 17, 2024
    Days on Market:
    555
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 0 Binford Road

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mark McLafferty

    Listing agent Mark McLafferty License #TX 0585595

    Listing office Coldwell Banker Properties

    Listing date Oct 17, 2024

    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 Coldwell Banker Properties

    Overview

    Unrestricted Land in Northwest Houston

    This unrestricted 40+/- acre property presents an opportunity for industrial or multifamily development within Houston's rapidly growing Northwest Corridor. The land features frontage on the hard corner of Binford and Waller Spring Creek roads, with nearly 1,300 feet of frontage on both roads. City of Waller utilities are accessible nearby. Currently, the tract maintains an agricultural tax exemption due to cattle grazing. Improvements include an approximately 80'x100' hay barn and a pond for livestock. The property is fenced on three sides.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.890308
    Latitude
    30.073764

    Nearby Similar for Sale

    • $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
    • $110,000

      Sprawling Land in Plantation Lakes

      4.28-acre lot in serene Plantation Lakes, Waller, TX.
      Horseshoe Bend, Waller, TX 77484
      View Details
    • $139,999

      2.5 Acres of Wooded Land

      Vacant 2.5-acre lot in a desirable neighborhood.
      17050 Adler Road, No City, 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
    • $500,000

      Versatile Land Parcel For Sale

      Approximately 0.75 city block with open space and parking.
      1304 Penick Road, Waller, TX 77484
      View Details
    • $874,900
      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
    • $825,000
      3,012 SF

      Farmhouse on 10 Acres

      Farmhouse with stocked lake on a 10-acre homesite.
      28335 Riley 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?
    Land - 40+/- acres suitable for industrial or multifamily development.
    Where is this land located?
    The property is located at 0 Binford Road Waller, TX.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Unrestricted 40+/- acre property, suitable for industrial or multifamily development; Prime location in Houston's rapidly growing NW Corridor; Frontage on the hard corner of Binford and Waller Spring Creek roads with nearly 1,300 feet of frontage on both roads
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark McLafferty
    Real Estate License ID: TX 0585595
    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!