Hempstead, TX
Commercial Real Estate Market Trends & Data

$358 Avg asking sale price
$22 Avg asking lease rate
25,959 SF Avg unit lease size
62,466 SF Avg building size for sale
6.50% Average cap rate

Hempstead's Demographic Profile

Hempstead has 2,359 households and a median income of $40,767, providing context for rent absorption and tenant demand across retail and multifamily assets. A +24% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 6,495
# Households 2,359
Median age 35
Median household income $40,767
Avg household size 3.0
Renter-occupied housing units 890
5-year population change +24%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hempstead, TX

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Hempstead $452 3,247 SF
Pine Island $422 3,794 SF
Waller $202 11,250 SF
Chappell Hill $146 4,800 SF
Bellville $130 10,823 SF

Commercial Properties For Sale in Hempstead

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

TBD Jozwiak

Prairie View, TX 77445

  • 52.73 AC Lot
  • 1 Commercial Lot
  • $1,187,100
For Sale

44537 Old Houston Hwy

Hempstead, TX 77445

  • 3,808 SF Multifamily
  • $650,000
For Sale

36847 Richard Frey Rd

Hempstead, TX 77445

  • 7,500 SF Flex Building
  • $1,695,000
For Sale

TBD Hwy 290 Bus

Hempstead, TX 77445

  • 1.66 AC Lot
  • 1 Commercial Lot
  • $780,000
For Sale

34855 FM 1488

Hempstead, TX 77445

  • 4.47 AC Lot
  • 1 Commercial Lot
  • $760,000
For Sale

28419 SH 6

Hempstead, TX 77445

  • 2.31 AC Lot
  • 1 Commercial Lot
  • $245,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Hempstead pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Hempstead $358 62,466 SF
Pine Island $296 189,697 SF
Prairie View $171 621,765 SF
Waller $255 195,452 SF
Chappell Hill $146 4,800 SF

Multifamily Properties For Sale in Hempstead

For Sale

Reserve at Richards

Prairie View, TX 77445

  • 561,488 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Hempstead alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hempstead or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Hempstead 6,495 2,359 35 $40,767 3 890 24%
Pine Island 1,127 399 33 $29,999 3 188 23%
Prairie View 2,067 761 34 $31,428 3 355 21%
Waller 3,425 1,229 34 $33,354 3 716 18%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hempstead, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Hempstead

View All Commercial Real Estate For Sale in Hempstead
Is Hempstead a good market for a first-time commercial real estate investor?

Hempstead offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Hempstead?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hempstead. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Hempstead?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hempstead. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Hempstead compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hempstead. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Hempstead acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hempstead, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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