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    54012 Highway 290 Hempstead, TX 77445

    For Sale
    $2,500,000

    18,000 SF Office/Land, $2.5M

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 18,000 square foot industrial property, located at 54012 Hwy 290 W in Pine Island, Texas (77445), presents a compelling investment opportunity. The property boasts a substantial 5.289-acre lot, offering ample space for expansion, storage, or future development. The freestanding building features a combination of office and industrial space, currently partially stabilized. Its prime location on Hwy 290 ensures excellent visibility and signage opportunities, maximizing potential for business growth. The property's strategic positioning along the highway provides convenient access for employees and clients. Multiple separate addresses are available, ideal for accommodating various tenants or business divisions. The asking price for this versatile property is $2,500,000. This is a rare chance to acquire a significant industrial property with substantial acreage in a high-traffic area of Waller County, Texas. The existing building and expansive land provide flexibility for a wide range of uses, making it an attractive investment for both established businesses and forward-thinking entrepreneurs.

    Property Features for 54012 Highway 290

    General Information

    Property type
    Land
    Square Feet
    18,000 SF
    Lot Size
    230,389 SF

    HighLights

    • Freestanding building on expansive lot.
    • Ample acreage for future expansion or outdoor storage.
    • Excellent visibility and signage opportunities due to Hwy 290 frontage.
    • Partially improved areas available for tenant build‑out.
    • Prominent highway signage included.
    • Multiple suites with separate addresses for individual tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.1343038
    Latitude
    30.1289601

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    FAQs

    What type of property is this?
    Land - 18,000 SF Office/Land, $2.5M
    Where is this land located?
    The property is located at 54012 Highway 290 Hempstead, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Freestanding building on expansive lot.; Ample acreage for future expansion or outdoor storage.; Excellent visibility and signage opportunities due to Hwy 290 frontage.
    Request Owner's contact information
    54012 Highway 290 Hempstead, TX 77445
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    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.

    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.

    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
    54012 Highway 290 Hempstead, TX 77445
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