0 Us-290 Waller, TX 77484
This exceptional 43.65-acre unrestricted land parcel presents a remarkable investment opportunity in Waller, Texas. Strategically located on US Highway 290, this highly visible property boasts approximately 1,000 feet of frontage, offering unparalleled exposure and accessibility. Its prime location along the major corridor connecting Houston and Austin positions it perfectly for significant growth. City utilities are readily available, simplifying development plans. The property is ideally suited for a diverse range of projects, including retail, multi-family, industrial, and mixed-use developments. The area is experiencing substantial residential growth, with Waller ISD projecting an addition of 42,000 housing units within the next 5-10 years, further enhancing the property's long-term value. This fee-simple ownership offers a 1031 exchange opportunity, making it an attractive option for investors seeking tax advantages. The property's proximity to a major air conditioning manufacturer adds to its appeal. This is a rare chance to acquire a large tract of land in a rapidly developing area, just 45 minutes from downtown Houston. APN: 045-058-000-0018, 045-058-000-0019. Asking price: $10,000,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.