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

    7318 Grand Mission Blvd Richmond, TX 77407

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    0.4-acre commercial land suitable for build-to-suit project.

    Lot size:
    0.40 Acres

    Property Features for 7318 Grand Mission Blvd

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres

    We can help!

    Listing Contact
    Brenda Williams
    Brenda Williams
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY - GREATER NORTHWEST Listing Agent: Brenda Williams

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

    Learn more

    Overview

    Prime Commercial Land on Grand Mission

    This 0.4-acre (17,455 SF) commercial land is situated on Grand Mission Boulevard, approximately 2 miles from Westpark Tollway and Grand Parkway. It offers visibility and extensive street frontage, making it suitable for quick-service business models. The surrounding area is experiencing rapid growth and is home to Grand Mission Estates. The location is a high-demand retail corridor with national anchors such as Amazon Fulfillment Center, Aliana Shopping Center, Meadowbrook Farms Golf Club, George Bush Park, and Shops at Bella Terra. The site is positioned to capture commuter traffic and local demand from over 3,000 neighboring residential households. It is suited for a custom build-to-suit project such as a veterinary clinic, specialty coffee shop, boutique cafe, or wellness/med spa. City utilities are available through the local MUD.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.720399
    Latitude
    29.703444

    Nearby Similar for Sale

    • $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, Richmond, TX 77407
      View Details
    • $4,450,000
      11,852 SF

      Turnkey Childcare/Commercial Building in Richmond

      Newer, fully equipped facility in a rapidly growing area.
      20715 Bellaire Blvd, Richmond, TX 77407
      View Details
    • Contact for pricing
      6,385 SF

      Richmond Medical Office Building For Sale

      6,385 SF medical office building with excellent visibility and accessibility.
      1601 Liberty St, Richmond, TX 77469
      View Details
    • $4,250,000
      5,829 SF

      Richmond Horse Property with Arena

      Gated 25+ acre horse property with extensive equestrian facilities.
      8440 Fm 359 Rd, Richmond, TX 77406
      View Details
    • $3,750,000

      Unrestricted Land with Agricultural Potential

      10+ acre property with home, barns, arena, and commercial potential.
      4148 Skinner Ln, Richmond, TX 77406
      View Details
    • $5,096,000

      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
    • $595,000
      2,940 SF

      Adaptable Building in Historic District

      Versatile commercial property in Richmond's vibrant Downtown Historic District.
      105 S 2Nd St, Richmond, TX 77469
      View Details
    • $1,500,000

      Cleared Land Ready For Development

      Cleared land suitable for retail or gas station development.
      6511 Fm 1464 Rd, Richmond, TX 77407
      View Details
    • $1,800,000

      5.35 Acre Horse Property

      5.35 acre property with home, barn, and commercial potential.
      4304 Skinner Ln, Richmond, TX 77406
      View Details
    • Contact for pricing
      8,000 SF

      Richmond Retail Building For Sale

      8,000 SF retail building in Bellaire Crossing Shopping Center.
      7131 Fm 1464 Rd, Richmond, TX 77407
      View Details
    • $850,000

      Richmond, TX Investment Opportunity

      Richmond, TX property available for sale.
      6429 Fm 2218 Rd, Richmond, TX 77469
      View Details
    • $1,495,000

      Richmond Investment Opportunity Near Development

      Two buildings on 1.77 acres, ideal for daycare/office/church.
      5111 Power Line Rd, Richmond, TX 77469
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.4-acre commercial land suitable for build-to-suit project.
    Where is this commercial land located?
    The property is located at 7318 Grand Mission Blvd Richmond, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime .4-acre commercial lot on bustling Grand Mission Blvd with strategic visibility.; - Ideal for build-to-suit project (veterinary clinic, coffee shop, cafe, med spa).; - High-traffic location near Westpark Tollway and Grand Parkway.
    (281) 378-1800
    Request Owner's contact information
    7318 Grand Mission Blvd Richmond, TX 77407
    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.
    7318 Grand Mission Blvd
    Richmond, TX 77407
    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
    7318 Grand Mission Blvd Richmond, TX 77407
    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
    Brenda Williams
    Brenda Williams
    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!