$4,780,000
●
Land -
For Sale
25923 Nelson Road
Hempstead, TX 77445
Studio
0 Bath
$23,471
Est. Monthly
About This Property
Approximately 91.2 acres are available with flexible lot sizes to
accommodate a variety of needs. The seller is willing to subdivide
the property, offering parcels ranging from 4 acres up to the
desired acreage. This property is conveniently located in one of
the most desirable areas of Waller County with easy access to FM
1488, US Highway 290, and State Highway 6. The surrounding area
features several new residential developments, manufacturing
facilities, and businesses. The property is also approximately 15
minutes from the Grand Parkway (Highway 99) and minutes from
College Station. Features include a low tax rate, no maintenance
fees, and unrestricted land suitable for multiple uses. No flooding
per seller.
Unit Size
-
Days on Market
-
Land Size
91.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2013
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (HAR #86338611)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| May 29, 2026 | Listed by RE/MAX Partners | $4,780,000 | |
| Listed by RE/MAX Partners | |||
| Jan 26, 2025 | Listed | $5,500,000 | |
| Listed | |||
| | |||
|
+/- 123ac property with significant amenities. +/-5000-sqft house with 5 bedrooms (all full size) and 5.5 baths. Home has high ceilings, separate game room, mini bar and swimming pool. Beautiful lake in the back where you can relax and watch the sunset. Property comes with barn and commercial warehouses total close to 100,000 sqft. Three road frontages. Property is conveniently located in a significant growing area in Waller County. Less than 10 min from Buc-ee's on HW 290, Waller high school and Prairie View A&M University. Easy access to FM 1488, US Hwy 290, State Hwy 6. No maintenance fees. Unrestricted (per seller) land for multiple use. No flooding (per seller). House need renovation, but has very strong foundation and structure. Seller is motivated. Come and make it your dream country home.
| |||
| Mar 18, 2024 | No longer available | - | |
| No longer available | |||
| Dec 17, 2023 | Listed by Keller Williams Realty Metropolitan | $720,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
| | |||
|
Beautiful 16 +/- acres with a ranch-style house waiting for its new owner. Home has high ceilings, separate game room, mini bar and swimming pool. Beautiful lake in the back where you can relax and watch the sunset. Property is conveniently located in a significant growing area in Waller County. Less than 10 min from Buc-ee's on HW 290, Waller high school and Prairie View A&M University. Easy access to FM 1488, US Hwy 290, State Hwy 6. No maintenance fees. Unrestricted (per seller) land for multiple use. No flooding (per seller). Bring your imagination and dreams.
| |||
Property Highlights
Exterior Details
Lot Features: Subdivided, Corner Lot, Level, 50 or more Acres
Lot Size Area: 91.2
Lot Size Units: Acres
Lot Size Acres: 91.2
Lot Size Square Feet: 3972672
Tax Lot: 90
Water Source: Other, Well
Utilities Details
Sewer : Other, Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Waller
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Binh Vo, RE/MAX Partners
Last Updated: 3 months ago
Data Source: HAR , MLS# 86338611
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 3 months ago
Data Source: HAR , MLS# 86338611
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017