Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2823 Plantation Lakes Drive Missouri City, TX 77459

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Large waterfront lot with boat dock in upscale community.

    Added:
    Jun 7, 2025
    Days on Market:
    335
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 2823 Plantation Lakes Drive

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JANE DUAN

    Listing agent JANE DUAN

    Listing office HOMESMART

    Listing date Jun 7, 2025

    Source Corcoran

    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 HOMESMART

    HighLights

    • Stunning waterfront lot in a highly desirable neighborhood (Peninsulas at Olympia).
    • Newly built deck with boat docking and breathtaking lake views.
    • Easy access to Fort Bend Tollway, Highway 6, and 59.
    • Close proximity to top restaurants, grocery stores, and shopping malls.
    • Access to community amenities including a Marina Club House, private docks, scenic walking trails, sparkling pools, and tennis courts.
    • Rare lakefront lot opportunity in the Houston area.

    Overview

    Waterfront Lot in Olympia

    This large waterfront lot is located in the Peninsulas at Olympia neighborhood. A newly built and painted deck includes boat docking and views of the lake fountain. The property is near Fort Bend Tollway, Highway 6, and 59, providing access to restaurants, grocery stores, and shopping malls. Residents can enjoy the Marina Club House, private docks, walking trails, pools, and tennis courts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Missouri City
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.5464
    Latitude
    29.5578

    Nearby Similar for Sale

    • $3,500,000
      9,920 SF

      Retail Center in Missouri City

      9,920 SF retail center in a high-growth area.
      6840 Hwy 6, Missouri City, TX 77459
      View Details
    • $495,000

      Prime Development Site in Missouri

      1.78 acre development site in the heart of Missouri City.
      000 Texas Parkway, Missouri City, TX 77489
      View Details
    • $11,257,000
      20,000 SF

      Profitable Restaurant & Retail Investment

      Newly constructed retail center with established Tex-Mex restaurant.
      2720-2730 FM 1092 Rd, Missouri City, TX
      View Details
    • $569,000

      Prime Corner Lot Investment Opportunity

      High-exposure corner lot with flexible zoning in a developing corridor.
      508 Texas Pkwy, Missouri City, TX
      View Details
    • $299,900

      Spacious Duplex with Garage

      Duplex with 3 bedrooms, 2 baths, fireplace, and garage.
      3215 Palm Desert Ln, Missouri City, TX 77459
      View Details
    • $1,917,000
      510 SF

      Freestanding Commercial Building For Sale

      Freestanding commercial building with potential for coffee shop or restaurant.
      10050 Hwy 6, Missouri City, TX 77459
      View Details
    • $5,292,600
      52,300 SF

      Missouri City Office Building For Sale

      52,300 SF office building in Missouri City, Texas.
      2303 FM 1092 Rd, Missouri City, TX
      View Details
    • $7,043,000
      7,251 SF

      Houston Area Convenience Store Investment

      Single tenant convenience store with fuel, long term lease.
      750 Buffalo Run, Missouri City, TX 77489
      View Details
    • $3,500,000
      9,920 SF

      Brazos Lake Shopping Center

      9,920 SF retail center in Missouri City, Texas.
      6840 Hwy 6, Missouri City, TX 77459
      View Details
    • $409,786
      1,225 SF

      Upgraded Office Unit For Sale

      End cap office unit with upgraded interiors and efficient layout.
      4220 Cartwright Rd, Unit 801, Missouri City, TX 77459
      View Details
    • $5,500,000

      Highway 90A Commercial Property

      Commercial property with multiple buildings and vacant land for sale.
      2007 Highway 90 A, Missouri City, TX
      View Details
    • Contact for pricing
      28 SF

      Sienna Commercial Reserve Pad Sites

      Retail pad sites available in Missouri City, Texas.
      1420 Sienna Parkway, Missouri City, TX 77459
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Large waterfront lot with boat dock in upscale community.
    Where is this waterfront land located?
    The property is located at 2823 Plantation Lakes Drive Missouri City, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Stunning waterfront lot in a highly desirable neighborhood (Peninsulas at Olympia).; Newly built deck with boat docking and breathtaking lake views.; Easy access to Fort Bend Tollway, Highway 6, and 59.
    (713) 785-6666
    We can help!
    Listing Contact
    JANE DUAN
    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
    2823 Plantation Lakes Drive, Missouri City, TX 77459
    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!