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    Peek Rd & Leirop Dr Richmond, TX 77407

    For Sale
    Contact for pricing

    Exceptional commercial land, sale/lease options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land offering presents two prime pad sites totaling approximately 2.485 and 1.47 acres, respectively, located in Richmond, Texas, within Fort Bend County (zip code 77407). Situated at the intersection of S Peek Rd and Leirop Drive, these sites benefit from a high-traffic location at the entrance to the Grand Trail neighborhood. The property enjoys excellent visibility and accessibility, with the extension of Beechnut Rd to the Grand Parkway currently underway nearby. This strategic location places the sites directly south of District West, a significant new 100-acre mixed-use development, ensuring strong future growth potential. Furthermore, the sites benefit from proximity to high-traffic retail establishments, including Star Cinema Grill (over 280,000 annual visitors) and Whiskey River West (over 220,000 annual visitors), with Whiskey River noted as the top alcohol seller in Fort Bend County by the Houston Chronicle. The area boasts a substantial residential population, exceeding 254,000 within a 5-mile radius, according to Placer.ai visitor data, providing a robust customer base for any commercial venture. This presents a unique opportunity for businesses seeking high-visibility locations within a thriving and rapidly developing community. The land is available for both sale and ground lease, offering flexibility to suit various investment strategies.

    Property Features for 0 Peek Rd & Leirop Dr

    General Information

    Property type
    Land
    Lot Size
    64,033 SF

    HighLights

    • Two prime pad sites totaling approximately 4 acres in high‑traffic Richmond, TX location.
    • Exceptional visibility and accessibility at S Peek Rd and Leirop Drive, at the entrance to Grand Trail neighborhood.
    • Strategic location south of the 100‑acre District West mixed‑use development.
    • High‑traffic area with proximity to major retail, including Star Cinema Grill and Whiskey River West, serving a large residential population.
    • Land available for sale or ground lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.759495
    Latitude
    29.687005

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    FAQs

    What type of property is this?
    Land - Exceptional commercial land, sale/lease options.
    Where is this land located?
    The property is located at Peek Rd & Leirop Dr Richmond, TX.
    What are key features of this property?
    This property features: Two prime pad sites totaling approximately 4 acres in high-traffic Richmond, TX location.; Exceptional visibility and accessibility at S Peek Rd and Leirop Drive, at the entrance to Grand Trail neighborhood.; Strategic location south of the 100-acre District West mixed-use development.
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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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