Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13803 Norris Rd Rosharon, TX 77583

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,352,240

    Prime development land near HWY 288 and future Grand Parkway.

    Lot size:
    18.00 Acres

    Property Features for 13803 Norris Rd

    General Information

    Standard status
    Active
    Lot size
    18.00 Acres

    We can help!

    Listing Contact
    Yvette Reyes-Hall
    Source: Exitrealty

    Listing Agency: REYES REALTY GROUP, LLC Listing Agent: Yvette Reyes-Hall

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

    Learn more

    Overview

    Rosharon Development Land Opportunity

    This property offers approximately 18 acres of development land. Currently operating as Rainbow of Hope, which is expanding due to its success, the site is located minutes from Highway 288 and the future Grand Parkway. The property benefits from ongoing and future development in the surrounding area. New development has already broken ground next door, indicating the area's growing potential and increasing land value. The location provides significant traffic exposure, with Vehicles Per Day (VPD) ranging from 5,900 to over 36,000, making it suitable for various development projects.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Discount Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rosharon
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4044586
    Latitude
    29.3428521

    Nearby Similar for Sale

    • $7,500,000
      24,150 SF

      Event Venue with Climate Control

      7,500 SF climate-controlled ballroom and chapel on 5 acres.
      19706 Fm 521 Rd, Rosharon, TX 77583
      View Details
    • $825,000

      Scenic Ranchette Near Houston

      19.42 acres with pond, home, and outbuildings near Houston.
      6083 E Fm 1462 E, Rosharon, TX 77583
      View Details
    • $2,210,000

      130-Acre Fenced Pasture Property

      130-acre property with pasture, barns, and potential for development.
      00 County Road 42, Rosharon, TX 77583
      View Details
    • $1,650,000
      3,240 SF

      Texas Equestrian Legacy Estate

      Exceptional ranch steeped in Texas history, designed for equestrian lifestyle.
      2935 W Fm 1462, Rosharon, TX 77583
      View Details
    • $2,400,000

      Luxury Estate on Unrestricted Acres

      Custom 8,100 sq ft estate ideal for equestrian or commercial use.
      1200 Davenport Pkwy, Rosharon, TX 77583
      View Details
    • $825,000

      Scenic Ranchette Near Houston

      19.42 acres with pond, home, and outbuildings near Houston.
      6083 E Fm 1462 E, Rosharon, TX 77583
      View Details
    • $310,000

      Rosharon Farmland with Additional Buildings

      Farmland in Rosharon, TX, featuring additional buildings.
      6435 County Road 42, Rosharon, TX 77583
      View Details
    • $1,250,000
      Pending

      Spacious Home with Custom Warehouse

      One-story home on 10 acres with a custom warehouse.
      1409 County Road 63, Rosharon, TX 77583
      View Details
    • $2,400,000

      Luxury Estate on Unrestricted Acres

      Refined country estate suitable for equestrian, venue, or commercial use.
      1200 Davenport Pkwy, Rosharon, TX 77583
      View Details
    • Contact for pricing
      5,131 SF

      New Convenience Store Investment Opportunity

      New construction convenience store with long-term lease in Houston MSA.
      1726 Oleander St, Rosharon, TX 77583
      View Details
    • $825,000

      Scenic Ranchette Near Houston

      19.42 acres with pond, home, and outbuildings near Houston.
      6083 E Fm 1462 Rd E, Rosharon, TX 77583
      View Details
    • Contact for pricing
      24,150 SF

      Oaks Plantation Event Venue

      7,500 sq ft ballroom on 24,150 sq ft lot.
      19706 Fm 521 Rd, Rosharon, TX 77583
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime development land near HWY 288 and future Grand Parkway.
    Where is this commercial land located?
    The property is located at 13803 Norris Rd Rosharon, TX.
    What is the asking price?
    The asking price for this property is $2,352,240.
    What are key features of this property?
    This property features: - Prime development opportunity: +\/-18 acres in a rapidly developing area.; - Strategic location: Minutes from HWY 288 and the future Grand Parkway.; - High visibility: Significant traffic exposure with 5,900 to 36,000+ Vehicles Per Day (VPD).
    (281) 968-7759
    Request Owner's contact information
    13803 Norris Rd Rosharon, TX 77583
    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.
    13803 Norris Rd
    Rosharon, TX 77583
    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
    13803 Norris Rd Rosharon, TX 77583
    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

    We can help!
    Listing Contact
    Yvette Reyes-Hall
    Real Estate License ID: 0471229
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!