Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14134 Penick Rd Waller, TX 77484

    • Commercial real estate
    • 71.72 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4111736
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 14134 Penick Rd

    Lot size
    71.72 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional 71.72-acre agricultural property in Waller County, Texas, is now available for $3,586,000. This highly improved rectangular tract boasts significant advantages for various development opportunities. Currently utilized as a commercial farm, the land features two tree-lined, deep-water lakes stocked with Bass, Catfish, and Crappie, providing recreational potential. The property benefits from well-water irrigation reaching all tilled fields, ensuring consistent productivity. With over 1350 feet of frontage on paved Penick Road (address: 14134 Penick Rd, Waller, TX 77484), accessibility is excellent. Three-phase power is readily available on-site. The property is currently Ag Exempt and situated in an area experiencing high demand, making it an attractive investment. The absence of zoning jurisdiction offers flexibility for future development plans. This unique combination of agricultural productivity, recreational amenities, and development potential presents a rare opportunity in the thriving Waller County market. The property's location offers easy access to Waller, TX and surrounding areas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waller
    County
    Waller
    State
    Texas
    Longitude
    -95.9290213
    Latitude
    29.9711456

    Comparable in this City

    • $6,000,000
      40.00 Acres

      Prime Waller County Land - 40 Acres

      Agricultural & Industrial Land - Excellent Development Potential
      0 Binford Rd, Waller, TX 77484
      View Details
    • $1,210,000

      22-Acre Farm with Lake

      22-acre farm with lake, ideal for agricultural use.
      14126 Penick Rd, Waller, TX 77484
      View Details
    • $1,883,098

      Unrestricted Acres in Growth Corridor

      14.41 unrestricted acres in a prime growth corridor.
      Binford Rd Rd, Waller, TX 77484
      View Details
    • $1,850,000

      Unrestricted Acreage Near New Developments

      11 unrestricted acres with home and shop near major developments.
      32445 Knebel Rd, Waller, TX 77484
      View Details
    • Contact for pricing
      1.34 Acres

      Waller, TX Ag Land - 1.34 Acres

      Prime Ag Land, High Traffic Area, Development Potential
      39102 Highway 290 Business, Waller, TX 77484
      View Details
    • $3,925,000
      Pending

      Unrestricted Land in Fields Store

      26266 Fields Store property with unrestricted land and ponds.
      26266 Fields Store Rd, Hockley, TX 77484
      View Details

    Similar Nearby for Sale

    • $6,000,000
      40.00 Acres

      Prime Waller County Land - 40 Acres

      Agricultural & Industrial Land - Excellent Development Potential
      0 Binford Rd, Waller, TX 77484
      View Details
    • $1,210,000

      22-Acre Farm with Lake

      22-acre farm with lake, ideal for agricultural use.
      14126 Penick Rd, Waller, TX 77484
      View Details
    • Contact for pricing
      1.34 Acres

      Waller, TX Ag Land - 1.34 Acres

      Prime Ag Land, High Traffic Area, Development Potential
      39102 Highway 290 Business, Waller, TX 77484
      View Details
    • $3,925,000
      Pending

      Unrestricted Land in Fields Store

      26266 Fields Store property with unrestricted land and ponds.
      26266 Fields Store Rd, Hockley, TX 77484
      View Details
    • $1,850,000

      Unrestricted Acreage Near New Developments

      11 unrestricted acres with home and shop near major developments.
      32445 Knebel Rd, Waller, TX 77484
      View Details
    • $1,883,098

      Unrestricted Acres in Growth Corridor

      14.41 unrestricted acres in a prime growth corridor.
      Binford Rd Rd, Waller, TX 77484
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      635 SF

      Office Space For Rent

      Office space with open floor plan available for lease.
      2313 Main St, Waller, TX 77484
      View Details
    • Contact for pricing
      4,087 SF

      Versatile Warehouse Space Available

      Open warehouse space with flexible layout and convenient features.
      2403 Washington St, Waller, TX 77484
      View Details
    • Contact for pricing
      5,709 SF

      New Retail Space Available

      Premium retail suite with open layout in high-traffic area.
      2406 Main St, Waller, TX 77484
      View Details
    • Contact for pricing
      5,492 SF

      Versatile Corner Suite Near Highway

      Adaptable suite near Business Hwy 290, suitable for diverse uses.
      40190 Highway 290 Business, Waller, TX 77484
      View Details
    • Contact for pricing
      5,495 SF

      Warehouse with Fenced Outside Yard

      5,495 SF warehouse with yard, access to major highways.
      41212 Park 290 Dr, Waller, TX 77484
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14134 Penick Rd
    Waller, TX 77484
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!