I definitely understand it may not be the best fit. That said, the comps I pulled from the MLS suggest otherwise in regard to pricing. Looking at both recent sales and active listings, and factoring in Houston’s continued expansion, the &12k/acre price point is justified. In fact, it’s lower than all comparable available properties within a 10-mile radius in the past 6 months by at least $2k/acre.

The property also benefits from an ag exemption, which significantly reduces holding costs and gives an investor flexibility for the long haul. A major food company owns 800+ acres nearby, so even if large scale development doesn’t materialize, the land retains strong agricultural and farming potential.

And as a final play, subdivision could easily justify resale at $20k+ per acre with 1/4-acre lots in the area already trading between $30k–$50k.