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    Peek Rd & Leirop Dr Richmond, TX 77407

    For Lease
    Contact for pricing

    ±3.955 Acres for Sale/Lease in Richmond, TX

    Lot size:
    108,029 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional opportunity to acquire ±3.955 acres of commercial land situated at the entrance of the Grand Trail neighborhood in Richmond, Texas. This property comprises two pad sites, approximately 2.485 acres and 1.47 acres, available for sale or ground lease. The location offers unparalleled visibility and accessibility, benefiting from its proximity to the rapidly developing District West, a 100-acre mixed-use project. The site enjoys high traffic counts due to its strategic placement near the intersection of S Peek Rd and Leirop Drive, with the extension of Beechnut Rd to the Grand Parkway underway. Furthermore, this location boasts significant foot traffic, positioned directly south of District West and near popular establishments such as Star Cinema Grill (over 280,000 annual visits) and Whiskey River West (over 220,000 annual visits), the latter being the top alcohol seller in Fort Bend County according to the Houston Chronicle. The property is embedded within a thriving residential area, boasting a population exceeding 254,000 within a 5-mile radius, as per Placer.ai visitor data. This presents a unique investment opportunity with high potential for return, given the strong demographics and commercial activity in the immediate vicinity. The property is located in Fort Bend County, Texas, with a zip code of 77407.

    Property Features for 0 Peek Rd & Leirop Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    108,029 SF

    Unit(s) available at that property

    Space
    Size
    108,029 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.760093140194
    Latitude
    29.687359562144

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    FAQs

    What type of property is this?
    Land - ±3.955 Acres for Sale/Lease in Richmond, TX
    Where is this land located?
    The property is located at Peek Rd & Leirop Dr Richmond, TX.
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    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
    Peek Rd & Leirop Dr Richmond, TX 77407
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