$1,350,000 Last Listed Price
●
Property -
Off Market
40934 Thomas Lane
Hempstead, TX 77445
Studio
2 Baths
1,250 Ft²
$6,958
Est. Monthly
About This Property
Looking for a country property with all the infrastructure in
place? Check this property out! 36.7 acres just 2 minutes from
Hempstead with a recently built barndominium for full or part-time
living while you decide when and what your dream home will be. The
existing septic system is large enough for an additional home. 35.7
acres has a wildlife exemption for lower taxes. Appealing mix of
open, wooded & scattered trees. The well-designed & well-kept
barndominium has 2 bedrooms, 2 full baths, 10x40 front porch, 30x40
oversized insulated garage with HVAC and 2 large overhead doors,
20x40 back porch with water & electric stubbed in for your outdoor
kitchen. Very quiet and very private. A great place to watch the
deer and other wildlife. Easy access to surrounding areas: 15 min
to Bellville, 25 min to Brenham, 30 min to Katy and 35 min to
Bryan/College Station.
Unit Size
1,250 Ft²
Days on Market
-
Land Size
36.70 acres
Price per sqft
$1,080
Property Type
Property
Property Taxes
$329
HOA Dues
-
Year Built
2021
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: 2 months ago (HAR #65716320)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2026 | Sold | ||
| Sold | |||
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Price Decreased |
$1,350,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Dec 12, 2025 | Listed by Waller County Land Co. | $1,400,000 | |
| Listed by Waller County Land Co. | |||
Property Highlights
Garage
Parking Details
Has Garage
Attached Garage
Has Carport
Parking Features: Attached, Oversized, Attached Carport, Automatic Gate
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: High Ceilings, All Bedrooms Down, En-Suite Bath, Primary Bed - 1st Floor, Walk-In Closet(s)
Appliances: Disposal, Electric Oven, Microwave, Electric Range, Dishwasher
Flooring Type: Concrete
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 1250
Year Built: 2021
Building Area Total: 1250
Construction Materials: Aluminum Siding
Lot Features: Pasture, Cleared, Wooded, 20 Up to 50 Acres
Lot Size Area: 36.7009
Lot Size Units: Acres
Lot Size Acres: 36.7009
Lot Size Square Feet: 1598691.204
Water Source: Well
Financial Details
Tax Annual Amount: $3,942
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Electric
Sewer : Septic Tank
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/12/2025
| |
Loft
|
2 Bath
|
1250 ft²
|
$1,400,000
Loft
2 Bath
1250 ft²
|
$1,210,000
-13.57%
10/02/2026
|
Timothy Phelan
Waller County Land Co.
|
Building Info
About Waller
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Timothy Phelan, Waller County Land Co.
Last Updated: 2 months ago
Data Source: HAR , MLS# 65716320
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: 2 months ago
Data Source: HAR , MLS# 65716320
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017