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    31 Parkway Lake Ct Richmond, TX 77407

    For Sale
    $3,995,000

    16,250 SF School Building on 1.8 Acres

    Property size:
    16,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional opportunity to acquire a 16,250-square-foot vacant school building situated on a 1.837-acre lot in Richmond, Texas. This property, formerly a Kids R Kids Pre-School, underwent a complete renovation in 2021. Its prime location at the signalized intersection of the Grand Parkway and Bellaire Boulevard offers unparalleled visibility and accessibility, with exposure to over 58,500 vehicles daily. The strategic location within a thriving retail corridor and surrounded by established residential communities like Lakes of Bella Terra, Parkway Lakes, and Grand Mission ensures high traffic and strong potential for various uses. Nearby major retailers include Sam's Club, Walmart, Kohl's, Ross, and many more, creating a robust commercial environment. The property's size and recent renovation make it ideal for a variety of special purpose uses, offering significant upside potential for the discerning investor. The asking price is $3,995,000. This is a rare opportunity to own a well-located, renovated property in a rapidly growing area.

    Property Features for 31 Parkway Lake Ct

    General Information

    Property type
    Schools
    Square Feet
    16,250 SF
    Lot Size
    80,020 SF

    Building Details

    Year Renovated
    2021

    HighLights

    • 16,250 SF former Kids R Kids Pre‑School available for sale.
    • Building recently remodeled in 2021.
    • Grand Parkway frontage with exposure to over 58,500 vehicles daily.
    • Signalized intersection of Grand Parkway and Bellaire Blvd.
    • Surrounded by established residential communities including Lakes of Bella Terra, Parkway Lakes, and Grand Mission.
    • Located in a thriving retail corridor with nearby major retailers such as Sam's Club, Walmart, Kohl's, and Ross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kids 'R' Kids ... Day Care Center Aarons Daycare School

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.7670759
    Latitude
    29.6901801

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    FAQs

    What type of property is this?
    School - 16,250 SF School Building on 1.8 Acres
    Where is this school located?
    The property is located at 31 Parkway Lake Ct Richmond, TX.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 16,250 SF former Kids R Kids Pre-School available for sale.; Building recently remodeled in 2021.; Grand Parkway frontage with exposure to over 58,500 vehicles daily.
    Request Owner's contact information
    31 Parkway Lake Ct Richmond, TX 77407
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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
    31 Parkway Lake Ct Richmond, TX 77407
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