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    5250 Fm 1640 Rd Richmond, TX 77469

    For Sale
    $1,975,000

    Former bank, 6,541 SF, 2-acre lot.

    Property size:
    6,541 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional redevelopment opportunity presents a vacant, 6,541-square-foot former IBC Bank building situated on a generous 2-acre lot in Richmond, Texas. The single-story, Class B property, built in 2001, offers significant potential for adaptive reuse. Currently vacant, the building provides a blank canvas for a variety of retail concepts. With a total of 6,541 square feet of net rentable space, the property boasts a compelling price per square foot of $301.94. The land itself offers considerable value, with a price per square foot of $28.50. Ample parking is available, providing 28 spaces per 1,000 square feet. The property's address is 5250 FM1640, Richmond, TX 77469, within Fort Bend County. The property features a prominent location with pylon signage availability, enhancing visibility and attracting potential customers. This is an ideal investment for developers seeking a high-impact retail project in a thriving Texas market. The property's APN is 0055-00-000-0676-901. The asking price is $1,975,000.

    Property Features for 5250 Fm 1640 Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,541 SF
    Class
    B
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Large‑scale property with redevelopment potential.
    • High‑traffic location, ideal for retail or mixed‑use development.
    • Significant upside potential due to favorable zoning regulations.
    • Property offers substantial square footage for various uses.
    • Excellent access to major transportation arteries.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IBC Bank ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.764306250195
    Latitude
    29.557977817867

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    FAQs

    What type of property is this?
    Individual retail property - Former bank, 6,541 SF, 2-acre lot.
    Where is this individual retail property located?
    The property is located at 5250 Fm 1640 Rd Richmond, TX.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: Large-scale property with redevelopment potential.; High-traffic location, ideal for retail or mixed-use development.; Significant upside potential due to favorable zoning regulations.
    Request Owner's contact information
    5250 Fm 1640 Rd Richmond, TX 77469
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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
    5250 Fm 1640 Rd Richmond, TX 77469
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