Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Corner Lot in Brookshire Title is generated by Realmo AI

    915 Purdy Street, Brookshire, TX 77423

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $305,000

    Prime corner lot suitable for commercial or residential development.

    Added:
    Apr 24, 2025
    Days on Market:
    385
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 915 Purdy Street

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JOSHUA PFAFF

    Listing agent JOSHUA PFAFF

    Listing office UNITED REAL ESTATE

    Listing date Apr 24, 2025

    Source Corcoran

    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 UNITED REAL ESTATE

    HighLights

    • Prime corner location at the main intersection of Highway 90 in Brookshire.
    • Unrestricted land suitable for commercial or residential development.
    • Three lots being sold together.
    • Utilities and plumbing are accessible on the property.
    • Ideal for various commercial ventures: condos, shopping center, restaurant, gas station, etc.
    • Property will be cleared prior to closing.

    Overview

    Located in Brookshire, this property consists of three lots being sold together. The unrestricted corner vacant lot is suitable for commercial or residential use. Utilities and plumbing are accessible, as the property previously had a home that has since been relocated. Situated at the main intersection of Highway 90, the property is suitable for various commercial opportunities, including condos, apartments, single-family homes, townhomes, a shopping center, storage facility, restaurant, gas station, convenience store, market, or washateria. The corner property is partially fenced and will be cleared prior to closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookshire
    County
    Waller
    State
    Texas
    Longitude
    -95.9491
    Latitude
    29.7855

    Nearby Similar for Sale

    • $1,200,000
      3,784 SF

      Brookshire Ranch-Style Commercial Property

      5-acre ranch-style property zoned for residential and commercial use.
      1514 FM 359 Road, Brookshire, TX 77423
      View Details
    • $1,200,000

      Versatile Commercial/Residential Property on 5 Acres

      5-acre property with ranch-style building, kennel, and commercial/residential zoning.
      1514 Fm 359 Rd, Brookshire, TX 77423
      View Details
    • $1,200,000
      3,784 SF

      Versatile Property with Commercial Potential

      5-acre property with offices, kennel, and development potential.
      1514 Fm 359 Road, Brookshire, TX 77423
      View Details
    • $449,990

      Brookshire Land Near Highway 359

      1.47 acre tract near Highway 359 in Brookshire, TX.
      1235 Fm 359 Road, Brookshire, TX 77423
      View Details
    • $645,000

      Prime Commercial Tract For Sale

      1.8-acre commercial tract with excellent visibility and access.
      3621 10th Street, Brookshire, TX 77423
      View Details
    • $544,800

      Prime Land Near I-10

      Land with potential for residential and commercial use.
      3611 10th Street, Brookshire, TX 77423
      View Details
    • $685,000
      2,456 SF

      Unrestricted Land with Road Frontage

      Unrestricted land with frontage on FM 359 and Halbison Rd.
      6276 Halbison Road, Brookshire, TX 77423
      View Details
    • $75,000

      Two Adjoining Parcels For Sale

      Two parcels totaling 19,166 SF with direct road access.
      3640 12th St, Brookshire, TX 77423
      View Details
    • $4,500,000
      2,446 SF

      82-Acre Ranch with Log Cabin

      Stunning 82-acre ranch featuring a log cabin home.
      6490 Adams Flat Rd, Brookshire, TX 77423
      View Details
    • $685,000
      2,456 SF

      Unrestricted Corner Lot with Home

      Unrestricted property with frontage on FM 359 and Halbison Rd.
      6276 Halbison Road, Brookshire, TX 77423
      View Details
    • $1,475,000

      Unrestricted Land Near I-10 Freeway

      3.7 acres of unrestricted land suitable for development.
      00 Fm 1489, Brookshire, TX 77423
      View Details
    • $1,850,000

      Brookshire Land in Opportunity Zone

      Prime 4.85 AC land plot with high traffic volume.
      522 FM 359 S, Brookshire, TX 77423
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime corner lot suitable for commercial or residential development.
    Where is this commercial land located?
    The property is located at 915 Purdy Street Brookshire, TX.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: Prime corner location at the main intersection of Highway 90 in Brookshire.; Unrestricted land suitable for commercial or residential development.; Three lots being sold together.
    (713) 965-7165
    We can help!
    Listing Contact
    JOSHUA PFAFF
    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

    Thank You for Inquiry
    915 Purdy Street, Brookshire, TX 77423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!