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    Pultar Rd Richmond, TX 77469

    For Sale
    $1,700,000

    Prime Commercial/Residential Land, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 17.82-acre property in Richmond, Texas, presents a compelling investment opportunity. Located in Fort Bend County, just five minutes from the Richmond courthouse, this land boasts a highly desirable Commercial/Residential zoning designation. The property's strategic location within a designated Opportunity Zone provides significant tax advantages for investors. These benefits include potential tax deferrals on previously realized capital gains, tax reductions after five and seven years, and the possibility of complete tax exemption on new gains after a ten-year holding period. Further enhancing its appeal, the land benefits from an agricultural exemption, resulting in a notably low tax rate. The flexible zoning allows for a wide range of development options, including residential projects such as single-family homes, townhomes, or multifamily units, and commercial ventures like retail spaces, strip centers, or community centers. This versatile property offers substantial potential for diverse development and significant financial returns, making it an attractive investment for both experienced and emerging developers. The address is 0 Pultar Rd, Richmond, TX 77469. The asking price is $1,700,000.

    Property Features for 0 Pultar Rd

    General Information

    Property type
    Land
    Lot Size
    776,239 SF

    HighLights

    • 17.82‑acre commercial/residential land parcel five minutes from the Richmond courthouse.
    • Opportunity Zone designation provides substantial tax benefits including deferrals, reductions, and potential exemptions.
    • Agricultural exemption lowers property taxes.
    • Flexible zoning allows for residential (single‑family, townhomes, multifamily) and commercial (retail, strip centers, community centers) development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.7800526
    Latitude
    29.5943718

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land, Opportunity Zone
    Where is this land located?
    The property is located at Pultar Rd Richmond, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 17.82-acre commercial/residential land parcel five minutes from the Richmond courthouse.; Opportunity Zone designation provides substantial tax benefits including deferrals, reductions, and potential exemptions.; Agricultural exemption lowers property taxes.
    Request Owner's contact information
    Pultar 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
    Pultar Rd Richmond, TX 77469
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