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    290 Business & Fm-359 Hempstead, TX 77445

    For Sale
    $1,340,000

    12.28 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 12.28-acre commercial and industrial land parcel presents a compelling investment opportunity in Hempstead, Texas. Strategically located at the northeast corner of US 290 Business and FM 359, this property boasts unparalleled visibility and accessibility. The site benefits from high traffic counts on both major roadways, ensuring significant exposure for any development. Its proximity to the new HEB Distribution site further enhances its value and potential. Convenient access to key transportation arteries, including US Highway 290, Highway 159, FM 359, FM 362, and FM 1887, facilitates seamless logistics and connectivity. The property's location west of Johnson Development's new Jubilee master-planned community suggests strong future growth and development in the area. This prime location offers a rare chance to capitalize on the burgeoning commercial and industrial landscape of Hempstead, Waller County, Texas, 77445. The asking price is $1,340,000. This is an ideal site for a variety of commercial or industrial uses.

    Property Features for 290 Business & Fm-359

    General Information

    Property type
    Land
    Lot Size
    534,917 SF

    HighLights

    • High‑profile corner location at US 290 Business and FM 359.
    • Excellent visibility from US 290 Business and FM 359.
    • Proximity to the new HEB distribution center in Hempstead.
    • Easy access to major roadways: US 290, Hwy 159, FM 359, FM 362, and FM 1887.
    • West of Johnson Development's Jubilee master‑planned community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.0393774
    Latitude
    30.0839325

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    FAQs

    What type of property is this?
    Land - 12.28 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 290 Business & Fm-359 Hempstead, TX.
    What is the asking price?
    The asking price for this property is $1,340,000.
    What are key features of this property?
    This property features: High-profile corner location at US 290 Business and FM 359.; Excellent visibility from US 290 Business and FM 359.; Proximity to the new HEB distribution center in Hempstead.
    Request Owner's contact information
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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
    290 Business & Fm-359 Hempstead, TX 77445
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