Waller County Property
Subject: Highway 290 acreage.
Prepared by Andre J. Reed
$15,000 per acre
119.96 Acres
(Divisible)
Prepared by:
Andre J. Reed, CCIM
[email protected]
713-828-3502
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FEATURES
Situs: 51264 U.S.290
Hempstead, TX 77445
*Acres: 119.960
Current Use: Vacant w/o Agriculture (96%)
Res Farm and Ranch (4%)
Traffic: 21,000 cars per day
3 mile radius: 1,950 Households; 5,600 Population
5 mile radius: 3,900 Households; 13,400 Population
Access: Adjacent to Highway 290 and Jones Rd
2 miles to Hempstead (Austin Street)
37 miles to Houston Beltway 8
100 miles to Austin
SELLER TERMS
Disclosures: None
Flood Zone: Lowest Risk Zone
(Ask your insurance agent for current flood map)
119.960 acres
Highway 290 frontage
Commercial or Farm & Ranch
Private access to 3 roads
Highway 290
Hempstead
Prairie View
Plat Map
The property IDs are R170617, R170618, and R207794.
Pario Novo 4200 Westheimer Ste 220, Houston, TX 77027
[email protected]
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Flood Map
Pario Novo 4200 Westheimer Ste 220, Houston, TX 77027
[email protected]
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PROPRIETARY
Houston Multifamily Market Overview
• The unemployment rate in Houston (8.5%) was below US rate. Houston added jobs in
the quarter, but more people joined the local work force as the population grew.
• Waller County had the third fastest employment growth in the Houston CMSA from
1990 to 2003. During this time Waller County experienced a 40.9% growth rate with
real jobs increasing by 4,264.
• Find Waller County Development and Subdivision Guidelines at
http://www.wallercounty.org/downloads/Subdivision_Development_Regs.pdf
• Acquisitions are slowed by financing, not the lack of viable projects. Cash buyers and
those who can secure financing are acquiring foreclosures and distressed properties.
Houston MSA unemployment rate
Houston Home Sales
Pario Novo 4200 Westheimer Ste 220, Houston, TX 77027
[email protected]
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Area Analysis
2010 Median Household Incomes by Census Block Groups
Within 3 miles
• 1950 Households; Population 5,600
• $34,000 Median HHI
• 2.80 Avg Household Size
• 38% rent, 62% own
• Employed Civilian Population: Education (20%),
Retail/Food Service (23%), Health Care (11%)
• Hempstead, TX
Within 7 miles
• 3,900 Households; Population 13,400
• $41,800 Median HHI
• Employed Civilian Population: Education (20%),
Retail/Food Service (25%), Health Care (9%)
• 2.72 Avg Household Size
• 34% rent, 66% own
• Prairie View A&M University
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Texas law requires all real estate licensees to give the following information
about brokerage services to prospective buyers, tenants, sellers, and landlords.
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