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    702 Fm 359 Rd Richmond, TX 77406

    For Sale
    $2,745,000

    16-acre property with commercial and residential potential in Richmond.

    Lot size:
    9.00 Acres

    Property Features for 702 Fm 359 Rd

    General Information

    Lot size
    9.00 Acres

    Source: RE/MAX Fine Properties Agent Kimberly Hollas

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

    Overview

    Expansive Land in Richmond, Texas

    This expansive 16-acre property is located in the rapidly expanding Richmond area. The land offers a versatile opportunity for commercial development, residential expansion, or a private homestead. Situated in Fort Bend County, the location is near the communities of Harvest Green and Indigo, as well as the commercial growth along Grand Parkway (99). The property can be combined with the 9 adjacent acres to create 771 square feet of frontage along FM 359. The rapid residential and commercial expansion along FM 359 enhances the property's value, ensuring high visibility and accessibility in a thriving market. It is located along FM 359 Road in Richmond, Texas.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.740293
    Latitude
    29.605074

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    FAQs

    What type of property is this?
    Land - 16-acre property with commercial and residential potential in Richmond.
    Where is this land located?
    The property is located at 702 Fm 359 Rd Richmond, TX.
    What is the asking price?
    The asking price for this property is $2,745,000.
    What are key features of this property?
    This property features: - 16-acre property in rapidly expanding Richmond area.; - Potential to combine with 9 adjacent acres for **771 feet of frontage on FM 359**.; - Versatile opportunity for commercial development, residential expansion, or private homestead.
    (713) 962-4426
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    Richmond, TX 77406
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    Realmo Value Estimation

    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.

    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.

    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
    702 Fm 359 Rd Richmond, TX 77406
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