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Property profile & analytics
OFF-MARKET
Warehouses

290 & Fm 1488 Hempstead, TX 77445

37 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Lot 37 ac (1,611,720 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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