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    Property profile & analytics

    48597 Old Houston Hwy Hempstead, TX 77445

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US83-3113330
    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

    • Commercial real estate

    Property Details for 48597 Old Houston Hwy

    Property type
    Commercial real estate

    Description

    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

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Waller
    State
    Texas
    Longitude
    -96.056846470938
    Latitude
    30.087624861231

    Comparable in this City

    • $950,000
      2,622 SF

      Hempstead Property with Modern Conveniences

      Improved property in Hempstead with easy access to major highways.
      21348 Fm 359 Rd, Hempstead, TX 77445
      View Details
    • $590,000

      Monaville Investment Property with Mobile Homes

      6.5-acre property with two mobile homes in good condition.
      12893 Fm 1887 Rd, Hempstead, TX 77445
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    • $1,076,350

      Unrestricted Land with Road Frontage

      19+ acres, unrestricted, Ag exempt, FM frontage, commercial potential.
      13403 Fm 359 Rd, Hempstead, TX 77445
      View Details
    • $1,049,000

      Unrestricted Land Near Hempstead, Texas

      14.795-acre tract near Hempstead with easy access to major cities.
      44180 Urban Rd, Hempstead, TX 77445
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    • $2,327,550

      Unrestricted Acreage North of Hempstead

      78+ acres ideal for horses, cattle, or custom estate.
      27296 Rock Island Rd, Hempstead, TX 77445
      View Details
    • $799,000
      8.45 Acres

      Hempstead Land on FM 359

      8.45 acres in the path of Hempstead's explosive growth.
      22272 Farm To Market 359, Hempstead, TX 77445
      View Details

    Similar Nearby for Sale

    • $590,000

      Monaville Investment Property with Mobile Homes

      6.5-acre property with two mobile homes in good condition.
      12893 Fm 1887 Rd, Hempstead, TX 77445
      View Details
    • $950,000
      2,622 SF

      Hempstead Property with Modern Conveniences

      Improved property in Hempstead with easy access to major highways.
      21348 Fm 359 Rd, Hempstead, TX 77445
      View Details
    • $1,775,172
      1,999 SF

      Unrestricted Land with Road Frontage

      36.228 acres with road frontage, home, workshops, and ponds.
      34444 Fm 1488 Rd, Hempstead, TX 77445
      View Details
    • $588,000

      Prairie View Area Land Tract

      Six-acre tract near Prairie View with development potential.
      20560 Cochran Rd, Hempstead, TX 77445
      View Details
    • $275,000

      Unrestricted Land in Growing Area

      4 acre lot in Waller County near major routes.
      00022 Nelson Rd, Hempstead, TX 77445
      View Details
    • $2,871,732

      75+ Acres with 5-Acre Lake

      Rural property featuring a 5-acre lake with scenic views.
      Fm 3346 Rd, Hempstead, TX 77445
      View Details
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    Hempstead, TX 77445
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    Realmo Value Estimation

    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.

    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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