290 & Fm 1488 Hempstead, TX 77445
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.
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.