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

    20402 Peters Rd Crosby, TX 77532

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $825,000

    10-acre parcel in Crosby, ideal for commercial and recreational development.

    Lot size:
    10.00 Acres

    Property Features for 20402 Peters Rd

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres

    We can help!

    Listing Contact
    Nikki Nguyen
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY - MEMORIAL OFFICE Listing Agent: Nikki Nguyen

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

    Learn more

    Overview

    Crosby Commercial Land Opportunity

    This 10-acre parcel is strategically positioned in the rapidly developing Crosby submarket of Harris County, presenting a value-add opportunity for developers and investors interested in a versatile commercial and recreational project. Crosby is known for its community-oriented atmosphere, schools, and proximity to Lake Houston. The area offers an alternative for residential growth while maintaining connectivity to Downtown Houston, the I-10 corridor, and major employment centers. As urban land becomes scarcer near central Houston, markets like Crosby have become high-growth development corridors, especially for workforce housing, commercial retail and amenities, and recreational land uses. The property offers significant acreage, engineered site design, and future development flexibility. Conceptual planning and engineering are largely complete, making this a development opportunity for investors and developers in dynamic suburban markets.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Crosby
    County
    Harris
    State
    Texas
    Longitude
    -95.056295
    Latitude
    29.973529

    Nearby Similar for Sale

    • $699,999

      Land with Development Potential

      Land in Crosby, Texas, offering flexibility and development potential.
      00 Crosby Lynchburg Rd, Crosby, TX 77532
      View Details
    • $729,900
      2,660 SF

      Crosby Ranch with Ag Exemption

      18-acre ranch in Crosby with home, barns, and ag-exemption.
      19900 Crosby Eastgate Rd, Crosby, TX 77532
      View Details
    • $1,800,000

      Unrestricted Land with Horse Facilities

      50 acres with barn, stalls, bunkhouse, and equestrian amenities.
      18303 Ramsey Rd, Crosby, TX 77532
      View Details
    • $499,999

      High-Traffic Income Property For Sale

      Income property with multiple rental structures on a bustling intersection.
      13314 Crosby Lynchburg Rd, Crosby, TX 77532
      View Details
    • $53,000

      Investment Property in Crosby, TX

      Investment property in a desirable neighborhood.
      215 Little Doe Dr, Crosby, TX 77532
      View Details
    • $299,100

      Updated Fourplex in Historic Crosby

      Remodeled fourplex with new roof in high-demand Crosby location.
      615 Kernohan St, Crosby, TX 77532
      View Details
    • $225,000

      Crosby Fourplex with Income Potential

      Four-unit multifamily property in Crosby, Texas, with renovation potential.
      118 Wahl St, Crosby, TX 77532
      View Details
    • $399,999

      High-Traffic Income Property For Sale

      Income property with apartments, RV spaces, storage, and retail.
      13314 Crosby Lynchburg Rd, Crosby, TX 77532
      View Details
    • $1,800,000

      Unrestricted Land with Equestrian Facilities

      50-acre unrestricted land featuring equestrian facilities and development potential.
      18303 Ramsey Rd, Crosby, TX 77532
      View Details
    • $700,000

      Unrestricted Land with Equestrian Amenities

      11.93 acres with equestrian facilities, city utilities, and development potential.
      435 Indian Shores Rd, Crosby, TX 77532
      View Details
    • $420,000

      Crosby Freeway Office Building

      495 sq ft office building on Crosby Freeway.
      20920 Crosby Fwy, Crosby, TX 77532
      View Details
    • $549,000
      31,659 SF

      Crosby Retail Storefront - $549K

      High-traffic retail space with owner's residence.
      21014 Fm 2100 Rd, Crosby, TX 77532
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10-acre parcel in Crosby, ideal for commercial and recreational development.
    Where is this commercial land located?
    The property is located at 20402 Peters Rd Crosby, TX.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - 10-acre parcel in the high-growth Crosby submarket, offering significant development potential.; - Versatile opportunity for commercial, recreational, and workforce housing projects.; - Convenient connectivity to Downtown Houston, the I-10 corridor, and major employment hubs.
    (713) 876-2253
    Request Owner's contact information
    20402 Peters Rd Crosby, TX 77532
    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.
    20402 Peters Rd
    Crosby, TX 77532
    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
    20402 Peters Rd Crosby, TX 77532
    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
    Nikki Nguyen
    (713) 876-2253 (713) 722-6800
    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!