18703 Hopfe Rd Hockley, TX 77447
This exceptional 23.24-acre property located at 18703 Hopfe Rd, Hockley, TX 77447, presents a unique investment opportunity. The property boasts a 3,522 square foot, two-story multifamily building constructed in 2012, currently priced at $3,650,000 ($1,093 per square foot). The expansive lot offers significant development potential, situated in Harris County near Cypress, TX, with convenient access to Hwy 290 and SH 99. The property includes two existing homes and three large outbuildings, providing immediate income potential or versatile space for various uses. A stocked 2.5-acre pond adds to the property's appeal. The location is particularly attractive, adjacent to a recently acquired 318+ acre parcel slated for a future 1000-home master-planned community, suggesting strong future growth and value appreciation. This versatile property is suitable for commercial, residential, or equestrian uses, or could be developed into a family compound, bed and breakfast, Airbnb/Vrbo, or event venue. The existing outbuildings offer ample space for business operations, equipment storage, or conversion into horse stables. This is a rare opportunity to acquire a substantial property with diverse possibilities in a rapidly developing 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
Similar Nearby for Lease
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.