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$1,390,000

TBD FM 1488, Hempstead, TX, 77445

On MarketInfo
Baths0 Bath
AgricultureAgriculture

About this property

Approximately 20 acres with frontage along FM 1488 near Mitchell Rd in Waller County. The property offers ~283 feet of road frontage and a generally level configuration suitable for a variety of potential future uses, subject to buyer verification. Located between Prairie View and Hempstead with convenient access to US 290, providing connectivity to regional employment centers and established growth corridors. The surrounding area includes residential development, educational facilities, and expanding commercial and industrial activity along the US-290 corridor. Open pastureland with natural features, including a pond and tree lines, offering flexibility for site planning. Land is currently under an ag exemption and seller will consider a land lease with buyer to allow the ag exemption to continue. Seller will subdivide from 20–27 acres, subject to seller approval of final tract configuration and survey. Contact listing broker for pricing and available tract options.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,340 /month
Positive
Cash Flow Estimate:
$2,780 /month

Interested in this property?

Wendy Cline

Wendy Cline Properties Group

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Financing Details

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

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Hempstead

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TBD FM 1488 | Property Details | No Agent List