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    37705 L G Ln Brookshire, TX 77423
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    Property profile & analytics

    37705 L G Ln Brookshire, TX 77423

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    • Commercial real estate
    • 61.00 lot acres
    Off-Market
    Property ID
    US82-2840321
    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 real estate

    Property Details for 37705 L G Ln

    Lot size
    61.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 61-acre property in Brookshire, Waller County, Texas, presents a unique investment opportunity. Located at 37705 L G Lane, 77423, this expansive land parcel offers a blend of commercial, farm, and ranch potential. Its strategic location provides convenient access to major transportation arteries, with Interstate 10 just a 5-minute drive away and Grand Parkway 99 only 19 miles distant. The property is currently zoned for agricultural use, benefiting from an existing agricultural exemption. The land itself is well-suited for a variety of uses, including equestrian activities, ranching, farming, and cattle operations. Adding to its appeal is an existing dwelling on the property, complete with a septic system and water well, ready for renovation or personalization. This versatile property offers a rare combination of recreational possibilities and the potential for a sophisticated ranch lifestyle, making it an attractive proposition for discerning buyers seeking a substantial land holding in a desirable Texas location. The property's coordinates are 29.7468968 latitude and -96.0193332 longitude. The asking price for this remarkable property is $2,300,000.

    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
    Brookshire
    County
    Waller
    State
    Texas
    Longitude
    -96.0193332
    Latitude
    29.7468968

    Comparable in this City

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      Versatile Land Tract with Home

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    • $8,885,450
      3,411 SF

      Texas Farm with Pecan Trees

      335-acre Waller County farm retreat with multiple residences.
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    • $1,300,000
      986 SF

      Brookshire Land with Country Home

      Large, versatile tract in Houston metro area with development potential.
      2511 Hartwell Rd, Brookshire, TX 77423
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    Similar Nearby for Sale

    • $1,300,000
      986 SF

      Versatile Land Tract with Home

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      2511 Hartwell Rd, Pattison, TX 77423
      View Details
    • $2,200,000
      118.00 Acres

      Brookshire Ranch Living on 118 Acres

      118-acre ranch in Brookshire, TX with barndo and bungalow.
      8417 Grn Leaf Ln, Brookshire, TX 77423
      View Details
    • $725,000
      1,512 SF

      Brookshire Home on 5 Acres

      3-bedroom home on 5 acres near Katy and Houston.
      8307 W Green Leaf St, Brookshire, TX 77423
      View Details
    • $8,885,450
      3,411 SF

      Texas Farm with Pecan Trees

      335-acre Waller County farm retreat with multiple residences.
      2908 Robichaux Rd, Pattison, TX 77423
      View Details
    • $1,300,000
      986 SF

      Brookshire Land with Country Home

      Large, versatile tract in Houston metro area with development potential.
      2511 Hartwell Rd, Brookshire, TX 77423
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    Similar Nearby for Lease

    • Contact for pricing
      217,800 SF

      Industrial Outdoor Storage Yard Available

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      Land Available For Lease

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      Brookshire Industrial Space Sublease

      23,675 SF industrial space available for sublease in Brookshire, TX.
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      New Flexible Warehouse Solutions Available

      Versatile warehouse spaces for lease in Brookshire, Texas.
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      Retail Space Near Growing Communities

      Retail spaces available near prominent master-planned communities and future school complex.
      5430 Fm 359 Rd, Brookshire, TX 77423
      View Details
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    Brookshire, TX 77423
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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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