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    W & Richey Rd Humble, TX 77338

    Sponsored
    For Sale
    $1,294,525

    High-traffic retail/office/multifamily

    Property size:
    51,781 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.189-acre corner lot, located at the intersection of FM 1960 Rd W and Richey Rd in Humble, Texas (zip code 77338), presents a unique investment opportunity. Boasting 51,781 square feet of space, this property is priced at $1,294,525, or $25 per square foot. The property's zoning allows for a variety of uses, including retail, office, quick-service restaurants (QSR), and multifamily developments. Its prime location offers excellent visibility and accessibility, with high traffic counts on FM 1960. The property benefits from easy access to major transportation arteries such as Highway 59 (I-69), the Hardy Toll Road, I-45, and George Bush Intercontinental Airport (IAH). This makes it an attractive location for businesses and residents alike. The property is classified as both executive office and apartment building space. Specific restrictions apply

    Property Features for 0 W & Richey Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    51,781 SF
    Lot Size
    51,793 SF

    HighLights

    • Excellent FM 1960 road frontage.
    • Prime corner lot at Richey Rd and FM 1960.
    • High‑traffic count location.
    • Suitable for retail, office, quick‑service restaurant (QSR), or multi‑family development.
    • Convenient access to Hwy 59 (I‑69), Hardy Toll Road, I‑45, and George Bush Intercontinental Airport (IAH).
    • Subject to restrictions; inquire with agent for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.3576589
    Latitude
    30.0162602

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    FAQs

    What type of property is this?
    Multifamily property - High-traffic retail/office/multifamily
    Where is this multifamily property located?
    The property is located at W & Richey Rd Humble, TX.
    What is the asking price?
    The asking price for this property is $1,294,525.
    What are key features of this property?
    This property features: Excellent FM 1960 road frontage.; Prime corner lot at Richey Rd and FM 1960.; High-traffic count location.
    Request Owner's contact information
    W & Richey Rd Humble, TX 77338
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    Humble, TX 77338
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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
    W & Richey Rd Humble, TX 77338
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