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    20930 Bellfort St Richmond, TX 77406

    For Sale
    Contact for pricing

    1.56 Acres, Approved Plans, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.56-acre commercial development site in Richmond, Texas, presents a unique investment opportunity. Located at 20930 W Bellfort St, 77406, in Fort Bend County, this property benefits from a prime location with no zoning restrictions, simplifying the development process. Pre-approved plans and permits for a shopping center are included, significantly reducing time and costs associated with project approvals. The site boasts excellent visibility and accessibility, situated near high-traffic areas with 16,622 vehicles per day (VPD) on Grand Parkway and 7,960 VPD on West Bellfort Street. Off-site detention is already in place, eliminating a significant hurdle in the development process. The surrounding area demonstrates strong demographics, with a population of 68,869 within a 3-mile radius and an average household income of $136,969, indicating substantial consumer spending power. This combination of strategic location, pre-approved plans, and favorable demographics makes this property an ideal choice for developers seeking a high-return investment. The property's latitude and longitude coordinates are 29.663987, -95.746916 respectively.

    Property Features for 20930 Bellfort St

    General Information

    Property type
    Land

    HighLights

    • 1.56‑acre commercial development site in Richmond, TX (20930 W Bellfort St, 77406).
    • No zoning restrictions, pre‑approved shopping center plans & permits included.
    • Excellent visibility & accessibility; 16,622 VPD on Grand Parkway & 7,960 VPD on West Bellfort St.
    • Off‑site detention already in place.
    • Strong demographics: 68,869 population within 3 miles, $136,969 average household income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Clothing 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
    -95.746916
    Latitude
    29.663987

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    FAQs

    What type of property is this?
    Land - 1.56 Acres, Approved Plans, High Traffic
    Where is this land located?
    The property is located at 20930 Bellfort St Richmond, TX.
    What are key features of this property?
    This property features: 1.56-acre commercial development site in Richmond, TX (20930 W Bellfort St, 77406).; No zoning restrictions, pre-approved shopping center plans & permits included.; Excellent visibility & accessibility; 16,622 VPD on Grand Parkway & 7,960 VPD on West Bellfort St.
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    20930 Bellfort St Richmond, TX 77406
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    Richmond, TX 77406
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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
    20930 Bellfort St Richmond, TX 77406
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