Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2007 Fm 2004 Rd Richwood, TX 77531
    Back to Search
    Property profile & analytics

    2007 Fm 2004 Rd Richwood, TX 77531

    View on Map
    • Specialty properties
    • 15,186 SF
    • 3.14 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brazos Learning Montessori School / High School / Daycare Center

    Property Details for 2007 Fm 2004 Rd

    Year built
    2021
    Lot size
    3.14 lot acres
    Property size
    15,186 SF
    Property type
    Specialty properties
    Property subtype
    Schools

    Description

    This exceptional 15,186-square-foot, single-story building, constructed in 2021, sits on a 3.14-acre lot in Richwood, Texas (Brazoria County, zip code 77531). Located at 2007 FM 2004, the property boasts excellent visibility and accessibility, situated between FM 2004 and N Brazosport Boulevard. The building features eight large classrooms, a commercial-grade kitchen (including appliances, hood, and grease trap), a laundry room, a gym, and an outdoor playground. Plumbing is in place for twenty bathrooms. The property includes thirteen individually controlled AC units and two water heaters, along with LED lighting and a fully sprinklered system. One acre of the lot is designated for additional parking. The county appraisal is significantly higher than the asking price. This versatile property is suitable for various uses, including office space (single or multi-tenant), medical facilities, research facilities, vocational training centers, or daycare centers. Minimal wear and tear is evident due to limited prior use. Business assets and furniture, fixtures, and equipment (FFE) are also available for purchase.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richwood
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4116
    Latitude
    29.0718

    Comparable in this City

    • Value Estimation by Request
      3,638 SF

      100 Creekwood Lndg Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,638 SF
      100 Creekwood Lndg Dr, Richwood, TX 77531-2875
      View Details
    • Value Estimation by Request
      3,638 SF

      4501 Brazosport N Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,638 SF
      4501 Brazosport N Blvd, Richwood, TX 77531-2052
      View Details
    • Value Estimation by Request
      700 SF

      2130 Brazosport N Blvd

      VETERINARY, ANIMAL HOSPITAL • 700 SF
      2130 Brazosport N Blvd, Richwood, TX 77531-2306
      View Details
    • Value Estimation by Request
      3,841 SF

      538 Brazosport N Blvd

      FUNERAL HOME • 3,841 SF
      538 Brazosport N Blvd, Clute, TX 77531-3710
      View Details
    • Value Estimation by Request
      7,056 SF

      1038 Plantation Dr

      FUNERAL HOME • 7,056 SF
      1038 Plantation Dr, Clute, TX 77531-5129
      View Details
    • Value Estimation by Request
      6,760 SF

      238 Johnson Cook Rd, Unit 435

      CHARITABLE ORGANIZATION • 6,760 SF
      238 Johnson Cook Rd, Clute, TX 77531-5802
      View Details

    Similar Nearby for Sale

    • $4,450,000

      Montessori School with Development Potential

      Well-designed school with expansion possibilities in a commercial zone.
      2007 Fm 2004 Rd, Richwood, TX 77531
      View Details
    • Contact for pricing
      5,750 SF

      Industrial Property with Highway Access

      Industrial property with a strong tenant and highway accessibility.
      932 Brockman St, Clute, TX 77531
      View Details
    • $550,000
      6.03 Acres

      Richwood, TX Commercial Land

      6.03 acres with city utilities and highway access.
      Fm 2004 Rd, Richwood, TX 77531
      View Details
    • $1,350,000
      17,225 SF

      Boat & RV Storage Facility

      72-unit boat and RV storage facility with expansion potential.
      105 Creekwood Landing Dr, Richwood, TX 77531
      View Details
    • $269,900
      1,668 SF

      Retail Property in Clute, Texas

      Retail property for sale in Clute, Texas, featuring 1668 square-feet.
      132 E Plantation Dr, Clute, TX 77531
      View Details
    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.
    2007 Fm 2004 Rd
    Richwood, TX 77531
    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
    2007 Fm 2004 Rd, Richwood, TX, 77531
    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!