0 Highway 290 Hempstead, TX 77445
This exceptional 2.12-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Hempstead, Texas. Strategically located on Highway 290, this property enjoys high visibility and convenient access, making it ideal for a wide range of commercial ventures. The land is currently open and ready for development, offering unparalleled flexibility for prospective buyers. Its proximity to an existing motel further enhances its appeal and potential for synergistic business opportunities. Situated in the rapidly expanding city of Hempstead, this property benefits from a dynamic and growing market, promising significant returns on investment. The asking price is $799,000. The property's address is Highway 290, Hempstead, TX 77445. All offers are welcome. This is a rare chance to acquire a substantial commercial land holding in a prime location with excellent growth prospects. Don't miss this opportunity to secure your place in Hempstead's burgeoning commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.