26264 Nelson Rd Hempstead, TX 77445
This exceptional 25.329-acre property in Hempstead, Texas, presents a unique investment opportunity. The estate boasts a beautifully appointed 3-bedroom, 2-bathroom, 2-story home constructed in 2018, and a thriving event center built in 2016. The property's versatile design allows for a multitude of uses, including its current operation as a successful event center, or repurposing as a religious facility, retreat center, or corporate headquarters. The substantial square footage, ranging from 10,000 to 20,000 square feet, offers ample space for expansion and development. Thirteen acres are currently under an agricultural exemption, providing further development potential. Conveniently located just ten minutes from Highway 290 and FM 362 (Buc-ee's), and one minute from FM 1488, this hilltop property offers excellent accessibility. The property includes two units and is situated on a single story. The asking price is $4,400,000, and owner financing may be considered. Detailed amenities and aerial photos are available upon request. The property's APN is 322000-003-005-100. This is a truly remarkable opportunity to acquire a substantial and versatile property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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