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    Property profile & analytics

    27915 Kickapoo Rd Hockley, TX 77447

    • Commercial real estate
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6807335
    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

    • Taaj Estates LLC / Event Venue

    Property Details for 27915 Kickapoo Rd

    Lot size
    10.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10+ acre commercial property, located at 27915 Kickapoo Rd, Hockley, TX 77447, presents a remarkable investment opportunity. Boasting over 1844 feet of road frontage on Kickapoo Rd, this unrestricted land offers immense flexibility for various commercial or residential ventures. Currently enjoying an agricultural exemption, the property is fully fenced and enhanced by beautiful, mature trees. The seller is open to subdividing the land into two 10-acre parcels, or selling the entire 20+ acre tract. Note that a new survey would be required if subdivision occurs. One of the tracts includes a functioning water well. This prime location provides convenient access to major roadways, including FM 1488, placing it within a short commute to Magnolia (14 minutes), Tomball (30 minutes), Cypress (30 minutes), and Hempstead (20 minutes). The area offers a wealth of shopping, dining, and entertainment options. The asking price for this exceptional property is $650,000. Don't miss this chance to acquire this versatile and strategically located land.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hockley
    County
    Waller
    State
    Texas
    Longitude
    -95.8685145
    Latitude
    30.174257

    Comparable in this City

    • $1,200,000
      5.00 Acres

      Prime 5-Acre Agricultural Land

      Texas farmland, unrestricted, Hwy access.
      19333 Becker Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      1.94 Acres

      Dellrose Hard Corner Commercial Land

      Prime 1.94-acre commercial lot in Hockley, TX.
      0 Nec Of Becker Rd & Cumberland Rdg Dr, Hockley, TX 77447
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    • $119,000

      Residential Lot Ready For Home

      Residential lot available for new home construction.
      23715 Saxon Way, Hockley, TX 77447
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    • Contact for pricing

      20 Acre Tract Near Daikin

      20 acre tract across from Daikin HQ's main entrance.
      Kermier Rd, Hockley, TX 77447
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    • $2,615,800

      Unrestricted Land Near Grand Parkway

      +/- 23 acres of unrestricted land ideal for development.
      1 Hopfe Rd, Hockley, TX 77447
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    • $1,995,000
      1,200 SF

      Hockley Land with Development Potential

      50-acre property near FM 1488, ideal for various ventures.
      29059 Sheffield Rd, Hockley, TX 77447
      View Details

    Similar Nearby for Sale

    • $1,200,000
      5.00 Acres

      Prime 5-Acre Agricultural Land

      Texas farmland, unrestricted, Hwy access.
      19333 Becker Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      1.94 Acres

      Dellrose Hard Corner Commercial Land

      Prime 1.94-acre commercial lot in Hockley, TX.
      0 Nec Of Becker Rd & Cumberland Rdg Dr, Hockley, TX 77447
      View Details
    • $119,000

      Residential Lot Ready For Home

      Residential lot available for new home construction.
      23715 Saxon Way, Hockley, TX 77447
      View Details
    • Contact for pricing

      20 Acre Tract Near Daikin

      20 acre tract across from Daikin HQ's main entrance.
      Kermier Rd, Hockley, TX 77447
      View Details
    • $2,615,800

      Unrestricted Land Near Grand Parkway

      +/- 23 acres of unrestricted land ideal for development.
      1 Hopfe Rd, Hockley, TX 77447
      View Details
    • $1,995,000
      1,200 SF

      Hockley Land with Development Potential

      50-acre property near FM 1488, ideal for various ventures.
      29059 Sheffield Rd, Hockley, TX 77447
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kermier Commerce Park Land Lease

      18-Acre Commercial/Industrial Land Parcel
      0 Kermier Rd, Waller, TX 77447
      View Details
    • Contact for pricing

      Hockley Land For Rent

      Land available for rent in Hockley, Texas.
      19333 Becker Rd, Hockley, TX 77447
      View Details
    • Contact for pricing
      17 SF

      Hockley Land for Lease

      17.95 AC land available for lease or build-to-suit.
      Kermier Rd, Hockley, TX 77447
      View Details
    • $12 SF/Yr
      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
      6 SF

      Industrial Building with Office Space

      Industrial building featuring office space on a 0.402 AC lot.
      18608 Kermier Rd, Hockley, TX 77447
      View Details
    • $11 SF/Yr
      8,850 SF

      Zube Business Park Warehouse For Lease

      Modern 8,850 SF Warehouse in Hockley, TX
      17531 Roberts Rd -, Hockley, TX 77447
      View Details
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    27915 Kickapoo Rd
    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.

    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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