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    Richey Rd Houston, TX 77014

    For Sale
    Contact for pricing

    Prime Development Land, Houston, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 8.38-acre commercial, industrial, and residential land parcel presents a unique investment opportunity in Houston, Texas. Situated at the prominent intersection of Walters Road and West Richey Road, in Harris County, zip code 77014, this property boasts approximately 532 feet of frontage on Walters and Old Walters Roads, and 292 feet of frontage on West Richey Road. Its strategic location offers unparalleled accessibility and visibility, making it ideal for a diverse range of development projects. The surrounding area is characterized by thriving residential neighborhoods and burgeoning commercial sectors, creating a strong demand for new developments. This presents significant potential for retail centers, mixed-use projects, multifamily housing, office parks, or service-based businesses catering to the local community. The property's size and location allow for large-scale projects, offering flexible zoning potential for various business needs. While the property is located within the 100-year and 500-year floodplains, its prime location and development potential outweigh this consideration for many investors. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area of Houston.

    Property Features for 0 Richey Rd

    General Information

    Property type
    Land
    Lot Size
    365,033 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4719228
    Latitude
    29.9760367

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    FAQs

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    Land - Prime Development Land, Houston, TX
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    The property is located at Richey Rd Houston, TX.
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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
    Richey Rd Houston, TX 77014
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