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$1,187,500

35678 Fm 1488, Hempstead, TX, 77445

On MarketInfo
Just AddedInfo

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size10 acres

Land Information

APN322700-001-001-100
SubdivisionA-227 John F Martin
Land UseAgriculture / Farming
Legal DescriptionABS A322700 A-227 JOHN F MARTIN TRACT 1- 1 ACRES 10.00 P/O 12.50 AC P/O 12.50 AC
Census Tract680303
Assessed Land Value$2,280
Assessment Year2025

About this property

12.5 unrestricted acres with approximately 564 feet of frontage on FM 1488 in Hempstead. Level, cleared and in improved pasture, framed by mature oaks along the perimeter and ready to build on, run cattle on, or develop. Fully fenced with a gated entrance, electricity already on site, and no floodplain. Unrestricted means your plan is the plan: a country homestead or barndominium, horses and cattle, a shop or contractor yard, or a commercial use that takes advantage of the FM 1488 exposure and traffic count. No HOA and no subdivision restrictions. The corridor already carries a mix of acreage homesites and commercial buildings. Minutes to Hempstead, US 290 and Highway 6, with Houston, Katy, Magnolia and the Grand Parkway an easy drive. Waller ISD. FM 1488 is one of Waller County's fastest-growing corridors, and TxDOT has the remaining stretch into Hempstead slated for widening to a four-lane divided highway. Tracts this size and this well located on 1488 don't come around often.

Investor Tools

$0Estimated Mortgage Balance
$2,280Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,125 /month
Positive
Cash Flow Estimate:
$2,375 /month

Interested in this property?

Eric Benitez

Cedar Frame

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$2,280
2025
$2,280
N/A
$525,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$2,280

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,280
100%
0%
$0/mo

City: Hempstead

35678 Fm 1488 | Property Details | No Agent List