$560,000 Last Listed Price
●
Land -
Off Market
42109 Blumberg Road
Hempstead, TX 77445
Studio
0 Bath
$3,206
Est. Monthly
About This Property
Nice, level acreage located in a highly desirable and rapidly
growing area! This unrestricted 10 acre property offers endless
possibilities-ideal for a commercial development, storage facility,
single-family home, or even a gated subdivision. Situated near
major commercial and residential projects currently underway, this
is a prime opportunity to invest in an area with strong future
growth. The property's excellent location provides quick and easy
access to both Hwy 6 and Hwy 290, making it convenient for
commuting, business, or residential use. Whether you're looking to
build now or hold for future development, this land has incredible
potential. Don't miss your chance to own a piece of land in one of
the most sought-after locations. Drive by and take a look-this is a
must-see!
Unit Size
-
Days on Market
-
Land Size
10.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$456
HOA Dues
-
Year Built
-
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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: 4 months ago (HAR #23154618)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2026 | Sold | ||
| Sold | |||
| Apr 26, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 28, 2026 | Listed by Keller Williams Realty Professionals | $560,000 | |
| Listed by Keller Williams Realty Professionals | |||
| Sep 22, 2025 | Listed by Keller Williams Realty Professionals | $560,000 | |
| Listed by Keller Williams Realty Professionals | |||
| | |||
|
Nice, level acreage located in a highly desirable and rapidly growing area! This unrestricted 10 acre property offers endless possibilities—ideal for a commercial development, storage facility, single-family home, or even a gated subdivision. Situated near major commercial and residential projects currently underway, this is a prime opportunity to invest in an area with strong future growth. The property’s excellent location provides quick and easy access to both Hwy 6 and Hwy 290, making it convenient for commuting, business, or residential use. Whether you're looking to build now or hold for future development, this land has incredible potential. Don’t miss your chance to own a piece of land in one of the most sought-after locations. Drive by and take a look—this is a must-see!
| |||
Property Highlights
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
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Currently no similar homes aroundNearby Rentals
Listed by: Claudia Oakley, Keller Williams Realty Professionals
Last Updated: 4 months ago
Data Source: HAR , MLS# 23154618
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Last Updated: 4 months ago
Data Source: HAR , MLS# 23154618
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