48597 Old Houston Hwy Hempstead, TX 77445
This exceptional 2-acre property in Hempstead, Texas, presents a unique opportunity for diverse uses. Located at 48597 Old Houston Hwy, Waller County, zip code 77445 (30.08762486123094, -96.05684647093845), this unrestricted land offers the best of both worlds: convenient proximity to town amenities and the tranquility of peaceful country living. The expansive 53,012.5 square foot lot provides ample space for various development possibilities, catering to agricultural, ranch, or residential projects. The property is comprised of two separate tax IDs: ABS A304100 A-41 (JUSTO LIENDO TRACT 47 - 1.217 acres) and ABS A302400 A-24 (CHARLES DONAHOE TRACT 2-3 - 0.783 acres), totaling approximately 2 acres. This rare find is priced competitively at $245,000 and is ready for its next chapter. Don't miss this chance to acquire this versatile property
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.