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    290 & Fm 1488 Hempstead, TX 77445

    For Sale
    $1,000,000

    High-visibility 37-acre tract on US 290.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 37-acre mixed-use property, situated at the southwest corner of US 290 and FM 1488 in Hempstead, Texas (zip code 77445), presents a compelling investment opportunity. Boasting excellent visibility from the heavily trafficked US 290, this is one of the few remaining corner tracts available along this major thoroughfare. The property offers over 2,000 feet of frontage on US 290, maximizing exposure for any commercial development. Its location provides convenient access to essential utilities, with water and sewer services readily available through the City of Hempstead. The strategic location also benefits from proximity to significant landmarks, including the Daiken facility (11 miles) and Prairie View A&M University (3.5 miles), contributing to a strong potential customer base. This versatile land parcel is ideal for a variety of commercial uses, including restaurants, hospitality ventures, convenience stores, storage facilities, or larger-scale commercial developments. The asking price for this highly desirable tract is $1,000,000. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.

    Property Features for 290 & Fm 1488

    General Information

    Property type
    Individual retail properties
    Lot Size
    1,611,720 SF

    HighLights

    • High visibility from US 290.
    • Corner lot on US 290.
    • Over 2,000 feet of US 290 frontage.
    • City of Hempstead water and sewer.
    • 11 miles to Daiken facility.
    • 3.5 miles to Prairie View A&M University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.0470542
    Latitude
    30.1074912

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    FAQs

    What type of property is this?
    Individual retail property - High-visibility 37-acre tract on US 290.
    Where is this individual retail property located?
    The property is located at 290 & Fm 1488 Hempstead, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: High visibility from US 290.; Corner lot on US 290.; Over 2,000 feet of US 290 frontage.
    Request Owner's contact information
    290 & Fm 1488 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 & Fm 1488 Hempstead, TX 77445
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