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Property profile & analytics
OFF-MARKET
Land

23639 Highway 6 Hempstead, TX 77445

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land offering, known as the RCR Hempstead Logistics Park, presents a unique opportunity for significant development. Located in Waller County, Texas, at the intersection of Highway 6 and US Highway 290, this ±167.1-acre site boasts unparalleled access to major transportation arteries, including Interstates I-10, I-45, and Texas State Highway 99 (Grand Parkway). The property includes approximately ±42 acres of rail-served land and ±25 acres of non-rail-served land, providing flexibility for various development scenarios. Union Pacific rail service is readily available, offering manifest rail service, transload capabilities, and future unit train capacity, along with rail car storage and switching. The site is strategically positioned within two miles of a new HEB distribution center and approximately 50 miles northwest of Houston, placing it within 150 miles of five major Texas ports. Conceptual building sizes range from 50,000 to 500,000 square feet, with several rail-served buildings planned at approximately 172,250 sq ft, 197,400 sq ft, 122,400 sq ft, 69,300 sq ft, and a 180,000 sq ft building with transload capabilities. The park benefits from City of Hempstead utilities, including water and regional stormwater detention. Electricity is provided by San Bernard Electric Cooperative via a Phase 3, 12,500-volt line, with a redundant line planned. Fiber optic service is also available. The location offers access to a competitively priced labor pool. The park features controlled access and security, ensuring a safe and efficient operating environment. This is an ideal location for businesses seeking efficient logistics and distribution solutions in a rapidly growing Texas market.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 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
Current use
Occupant on record · Public records
  • RCR Hempstead Rail Logistics Park Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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