Property profile

5619 Boothline Rd Richmond, TX 77469

OFF-MARKET
Garden apartment buildings
Property ID
US82-0860594
816 SF 3 ac lot Built 1932
Individually Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional 3-acre commercial and residential land parcel presents a compelling investment opportunity in the rapidly growing Richmond, Texas area. Located at 5619 Boothline Road in Fort Bend County, zip code 77469, this property boasts approximately 160 feet of frontage on Boothline Road, slated for expansion. Its strategic location offers significant advantages, situated contiguously with the northeastern boundary of the master-planned community Austin Point, where home sales are projected to commence in Spring 2025. The property's proximity to the future expansion of the Grand Parkway and other substantial residential developments, including the recent 1,500-acre acquisition by Johnson Development at FM 2977 and Koeblen Road, further enhances its development potential. The expansive lot size allows for a wide range of commercial projects. An adjacent 8.469-acre parcel is also available for purchase, providing an opportunity for even larger-scale development. Given the significant land ownership in the area by George Ranch and Austin Point, this property represents a rare chance to establish a presence in a high-growth area with considerable future upside. The asking price for this exceptional property is $825,000.

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1932
Total area 816 SF
Lot 3 ac (130,680 SF)
Zoning code SOT
APN 0005-00-000-0032-901
UPID US82-0860594

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5619 Boothline Rd Richmond, TX 77469-9216
Richmond metro Census 675503 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

Zoning & alternative use

SOT · Richmond, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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