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Property profile & analytics
OFF-MARKET
Land

24668 Hegar Spg Pkwy Hockley, TX 77447

14,875 SF 186.62 ac lot Built 2011
Property ID
Property summary
AI-generated overview

Exceptional opportunity for developers or owner-users. This expansive 186.62-acre property in Hockley, Texas (77447), boasts a 14,875 square-foot multi-use building featuring 5,700 square feet of open porches and ample parking. The property also includes a 1,400 square-foot caretaker's home with a two-car garage, a 7,000 square-foot storage facility, and a 2,115 square-foot office building. Infrastructure is in place with central water and electric, and roads throughout. An adjacent water treatment plant and offsite detention are readily available. The land is free of floodplain and major easements. Significant site work has already been completed on over 40 acres for proposed single-family development. The property features a mix of pastures and mature trees, two ponds, and over 3,000 feet of frontage on Hegar Springs Parkway, a proposed major thoroughfare. An additional 252+ acres are available adjacent to the property. Possible bullet train alignment on the western property line. The property is zoned for various uses including cattle ranch, horse farm, hunting, leisure ranch, resort, and unrestricted uses. Asking price: $9,237,492. Built in 2011, this one-story property offers a unique blend of existing structures and vast undeveloped land.

Property profile
Verified
Property type Land
Year built 2011
Total area 14,875 SF
Lot 186.62 ac (8,129,167 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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