Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grand Parkway Frontage Land Available Title is generated by Realmo AI

    7535 W Grand Pkwy S, Richmond, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.58-acre pad site with 1,453' Grand Parkway frontage.

    Type:LAND
    Lot size:
    2.20 Acres
    Added:
    Apr 4, 2025
    Days on Market:
    408
    Last Refresh:
    Apr 5 at 8:13 pm

    Property Features for 7535 W Grand Pkwy S

    General Information

    Standard status
    Active
    Lot size
    2.20 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brad LyBrand
    Brad LyBrand

    Listing agent Brad LyBrand License #523795

    Listing office NewQuest Properties

    Listing date Apr 4, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NewQuest Properties

    HighLights

    • 1,453’ of Grand Parkway frontage
    • 1.58‑Acre Pad Available
    • 6,000 SF in PNC Building Available
    • Utilities: On‑site
    • Cross‑access up to Long Prairie Trace
    • Detention: Off‑site

    Overview

    This property features a 1.58-acre pad site and 6,000 square feet of space available within the PNC building. Utilities are available on-site, and detention is managed off-site. The property boasts 1,453 feet of frontage along the Grand Parkway, with cross-access extending up to Long Prairie Trace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Velentium Engineering Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.7384
    Latitude
    29.6622

    Nearby Similar for Sale

    • $3,495,000
      7,400 SF

      Richmond Car Wash & Lube

      Family-owned car wash and lube center in Richmond, Texas.
      22355 Bellaire Boulevard, Richmond, TX 77407
      View Details
    • $450,000

      Prime Commercial Land on Grand Mission

      0.4-acre commercial land suitable for build-to-suit project.
      7318 Grand Mission Boulevard, Richmond, TX 77407
      View Details
    • $1,100,000

      Versatile Venue for Creative Business

      Commercial property perfect for photography studio or creative business.
      1905 Dowling Dr, Richmond, TX 77469
      View Details
    • $320,000

      Richmond Area Commercial Land Opportunity

      Commercial land with existing building and RV storage in Richmond.
      14307 Fm 2759 Road, Richmond, TX 77469
      View Details
    • $1,250,000
      5,950 SF

      Insulated Industrial Building with Office

      5,950 SF insulated industrial building with climate-controlled warehouse and office.
      18120 W Bellfort, Building I, Richmond, TX 77407
      View Details
    • $5,096,000
      7,581 SF

      New Auto Shop NNN Lease

      New auto shop with a 20-year absolute NNN lease.
      7727 W Grand Pkwy S, Richmond, TX 77407
      View Details
    • $7,777,081

      Prime Commercial Land Opportunity

      81-acre commercial land with high visibility in Fort Bend County.
      7639 Fm 2977, Richmond, TX 77469
      View Details
    • $1,900,000
      4,800 SF

      Prime Acreage in Growing Corridor

      One acre property with frontage, visibility, and commercial potential.
      3150 Fm 2977 Road, Richmond, TX 77469
      View Details
    • $1,568,160

      Prime Land Development Opportunity

      3-acre parcel near future Grand Parkway expansion.
      5619 Boothline Road, Richmond, TX 77469
      View Details
    • $633,640
      4,900 SF

      Premium Office Condo in Richmond

      Class A office condo development in a growing commercial corridor.
      7103 S Peek Rd Suite E, Richmond, TX 77407
      View Details
    • $360,000

      Richmond Land Parcel For Sale

      Approximately 2-acre commercial land parcel available in Richmond, Texas.
      12201 (2ac) FM 2759 Road, Richmond, TX 77469
      View Details
    • $7,777,081

      81-Acre Commercial Land Opportunity

      Prime commercial land with high visibility in Fort Bend County.
      7639 FM 2977, Richmond, TX 77469
      View Details

    FAQs

    What type of property is this?
    Land - 1.58-acre pad site with 1,453' Grand Parkway frontage.
    Where is this land located?
    The property is located at 7535 W Grand Pkwy S Richmond, TX.
    What are key features of this property?
    This property features: 1,453’ of Grand Parkway frontage; 1.58‑Acre Pad Available; **6,000 SF in PNC Building Available**
    (713) 438-9516 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad LyBrand
    Brad LyBrand
    Real Estate License ID: 523795
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7535 W Grand Pkwy S, Richmond, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!