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    39102 Highway 290 Business Waller, TX 77484
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    39102 Highway 290 Business Waller, TX 77484

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    • Land
    For Sale
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    Land For Sale For Sale
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    1.34 Acres

    Land For Sale

    1.34 acres of land available for purchase.

    39102 Highway 290 Business, Waller, TX 77484
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    Property ID
    US82-4701038
    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

    • Land

    Property Details for 39102 Highway 290 Business

    Property type
    Land

    Description

    Land | 1.34 acres

    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
    Waller
    County
    Harris
    State
    Texas
    Longitude
    -95.98372
    Latitude
    30.070528

    Comparable in this City

    • Contact for pricing

      US 290 @ Park 290 Drive, Waller, TX 77484

      Land
      290 @ Park 290 Dr, Waller, TX 77484
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    • $349,000

      5-Acre Waller County Land Parcel

      5-acre parcel in Waller County with utilities and new road.
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      Land Available in Waller, Texas

      Unimproved land suitable for development in Waller, Texas.
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      Unrestricted Land in Northwest Houston

      12.95 acres ideal for commercial or residential development.
      20510 Kickapoo Rd, Waller, TX 77484
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    • $349,000

      5-Acre Waller County Land Parcel

      5-acre land parcel in Waller County, ready for development.
      31862 Boone Rd, Waller, TX 77484
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      Land Available in Waller

      Land for sale on Waller Spring Creek Road.
      29913-A Waller Spring Creek Rd, Waller, TX 77484
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      Unrestricted Land For Sale

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      Land For Sale Waller, TX

      Land available for sale in Waller, Texas.
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      63 Acres of Land Available

      63 acres of land for sale in Waller, Texas.
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      5.05 Acre Fenced Land Parcel

      Cleared, level lot with mature trees, ideal for various uses.
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      Land For Sale Waller, TX

      Land available for purchase in Waller, Texas.
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    Similar Nearby for Lease

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      Retail/Restaurant Space in High-Traffic Area

      1,500 SF retail/restaurant space in Waller, Texas.
      22949 Kickapoo Rd, Waller, TX 77484
      View Details
    • 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

      Retail Space in High-Traffic Area

      Retail space with flexible layouts, modern amenities, and ample parking.
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      FM 362 Warehouse with Office

      Warehouse with office space available May-June 2026 on FM 362.
      18441 Fm 362 Rd, Waller, TX 77484
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      Waller Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Waller, TX.
      41212 Park 290 Dr, Waller, TX 77484
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    • 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
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    View Listing
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    Waller, TX 77484
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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.

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