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    16070 Warren Ranch Rd Hockley, TX 77447
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    16070 Warren Ranch Rd Hockley, TX 77447

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    • Commercial land
    For Sale
    $2,940,300
    View Listing →
    Unrestricted Land in Development Area For Sale
    $2,940,300
    10.00 Acres

    Unrestricted Land in Development Area

    10 acres of unrestricted land ready for commercial development.

    16070 Warren Ranch Rd, Hockley, TX
    View Listing
    Property ID
    US82-3979863
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 16070 Warren Ranch Rd

    Property type
    Commercial land
    Property subtype
    Retail space

    Description

    Excellent commercial opportunity available with 10 unrestricted acres in the heart of a rapidly growing area! Ideal location for further development be it retail space, industrial facilities, or a mixed-use development, the potential is great. This property has the advantage of a location that's part of a thriving community with increasing economic activity. Property has approximaely 498 ft of road frontage on Warren Ranch Rd. A manufactured home on the property provides immediate functionality as anoffice space, offering convenience during the planning and development stages. 8 miles from 290 & Grand Parkway. Priced at $6.75 per SF.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Harris
    State
    Texas
    Longitude
    -95.848305
    Latitude
    29.99318

    Comparable in this City

    • $2,940,300
      1,904 SF

      Unrestricted Land in Growing Area

      10 acres of unrestricted land ideal for development.
      16070 Warren Ranch Rd, Hockley, TX 77447
      View Details
    • $9,517,416
      14,875 SF

      Improved Acres with Multiuse Building

      187+- acres with buildings, suitable for residential/commercial development.
      24668 Hegar Spring Pkwy, Hockley, TX 77447
      View Details
    • Contact for pricing

      Hockley Industrial Buildings For Sale

      Industrial buildings for sale in Hockley, Texas.
      18602 Kermier Rd, Hockley, TX 77447
      View Details
    • $3,750,000

      15-Acre Event Venue in Hockley, TX

      Established Wedding Venue, 15 Acres
      25566 Bradbury Rd, Hockley, TX 77447
      View Details

    Similar Nearby for Sale

    • $2,940,300
      1,904 SF

      Unrestricted Land in Growing Area

      10 acres of unrestricted land ideal for development.
      16070 Warren Ranch Rd, Hockley, TX 77447
      View Details
    • $9,517,416
      14,875 SF

      Improved Acres with Multiuse Building

      187+- acres with buildings, suitable for residential/commercial development.
      24668 Hegar Spring Pkwy, Hockley, TX 77447
      View Details
    • Contact for pricing

      Hockley Industrial Buildings For Sale

      Industrial buildings for sale in Hockley, Texas.
      18602 Kermier Rd, Hockley, TX 77447
      View Details
    • $3,750,000

      15-Acre Event Venue in Hockley, TX

      Established Wedding Venue, 15 Acres
      25566 Bradbury Rd, Hockley, TX 77447
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hockley Land for Lease

      17.95 AC land available for lease or build-to-suit.
      Kermier Rd, Hockley, TX 77447
      View Details
    • Contact for pricing

      Acreage Property For Lease

      Move-in ready acreage property suitable for residential or commercial use.
      16701 Warren Ranch Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Hockley, TX

      Retail space with high visibility and easy access.
      22610-22618 Fm 2920 Rd, Hockley, TX 77447
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail spaces available for lease in Hockley, Texas.
      22610 Fm 2920 Rd, Hockley, TX 77447
      View Details
    • Contact for pricing

      New Retail Development Pre-Leasing

      New retail development anchored by Fuel Max in Hockley/Katy.
      15750 Katy Hockley Rd, Hockley, TX 77447
      View Details
    • Contact for pricing

      Hockley Multi-Acre Commercial Property

      Versatile property in Hockley, perfect for commercial or investment use.
      17244 Badtke Rd, Hockley, TX 77447
      View Details
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    Hockley, TX 77447
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    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
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