Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Olympia Falls Pad Sites Available Title is generated by Realmo AI

    NEC Fort Bend Pkwy Toll Rd & Lake Olympia Pkwy, Fresno, TX 77545

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    2.78 Acres (Divisible) near Fort Bend Town Center.

    Type:Land
    Lot size:
    2.78 Acres
    Added:
    May 30, 2024
    Days on Market:
    735
    Last Refresh:
    May 12 at 9:11 pm

    Property Features for NEC Fort Bend Pkwy Toll Rd & Lake Olympia Pkwy

    General Information

    Standard status
    Active
    Lot size
    2.78 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kim Lenardson

    Listing agent Kim Lenardson License #TX 626439

    Listing office Colliers - Houston, Texas

    Listing date May 30, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Houston, Texas

    HighLights

    • Across from Amazon Distribution Center
    • Pad Sites Available offering approximately 2.78 Acres, divisible for flexible development
    • Can be sold as two separate 1.39‑acre pads
    • Utilities Available On Site
    • Detention Not Required
    • Access at Lake Olympia Pkwy & Grand Olympia Dr

    Overview

    Pad sites are available at Olympia Falls, totaling approximately 2.78 acres, and divisible into two 1.39-acre pads. The location is across from an Amazon Distribution Center. Utilities are available on site. Access is provided at Lake Olympia Parkway and Grand Olympia Drive. Detention is not required. The property is near Fort Bend Town Center, a multi-phase retail and entertainment destination.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fresno
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.467
    Latitude
    29.5359

    Nearby Similar for Sale

    • $1,600,000

      Prime Commercial Lot in Fresno

      1.4-acre commercial lot at Highway 6 and S Creekmont Dr.
      11600 Highway 6, Fresno, TX 77545
      View Details
    • $1,100,000

      Unrestricted Land with Excellent Visibility

      Signalized hard corner property with dual access and no floodplain.
      119 E Dallas Street, Fresno, TX
      View Details
    • $165,000
      9,672 SF

      Commercial Lot in Fresno, Texas

      Commercial-ready lot with warehouse in developing Fresno area.
      704 Cleo Street, Fresno, TX 77545
      View Details
    • $7,396,594
      2,565 SF

      Retail Space For Sale

      Retail space available, 2,565 SqFt, 8.00% CAP Rate.
      333 FM 521 Rd, Fresno, TX 77545
      View Details
    • $250,000

      Land for Sale

      Land available for purchase in Fresno, Texas.
      206 Crescent Dr, Fresno, TX 77545
      View Details
    • $339,900

      Unrestricted Lots Ready For Construction

      Two unrestricted lots totaling over an acre, ready for construction.
      3315 Indiana Road, Fresno, TX 77545
      View Details
    • $179,000

      Commercial Lot with Warehouse, Fresno

      Commercial-ready lot with warehouse in Fresno, TX, suitable for various businesses.
      704 Cleo Street, Fresno, TX 77545
      View Details
    • $2,305,195

      Highway 6 Land Opportunity

      4.41 acres of raw land on Highway 6.
      Highway 6 & Darby Ln, Fresno, TX
      View Details
    • $4,221,000
      14,605 SF

      Texas Retail Portfolio For Sale

      Two-property retail portfolio in Texas with 14,605 SF total.
      12402 Hwy 6, Fresno, TX 77545
      View Details
    • Contact for pricing

      Land for Rent Near Amazon

      2.78 acres of divisible land near Fort Bend Town Center.
      3035 Fort Bend Toll Rd, Fresno, TX
      View Details
    • $99,000

      Cleared Land with Mature Oaks

      Cleared land suitable for residential or commercial development.
      4302 Billy Lane, Fresno, TX 77545
      View Details
    • Contact for pricing
      1,101,600 SF

      Industrial Property in Fresno, Texas

      Large industrial space available for lease in Fresno, Texas.
      2303 Hurricane Ln, Fresno, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.78 Acres (Divisible) near Fort Bend Town Center.
    Where is this commercial land located?
    The property is located at NEC Fort Bend Pkwy Toll Rd & Lake Olympia Pkwy Fresno, TX.
    What are key features of this property?
    This property features: Across from Amazon Distribution Center; Pad Sites Available offering approximately 2.78 Acres, divisible for flexible development; Can be sold as two separate 1.39‑acre pads
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Lenardson
    Real Estate License ID: TX 626439
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NEC Fort Bend Pkwy Toll Rd & Lake Olympia Pkwy, Fresno, TX 77545
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!