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Property profile & analytics
OFF-MARKET
Land

20930 Bellfort St Richmond, TX 77406

Property ID
Property summary
AI-generated overview

This exceptional 1.56-acre commercial development site in Richmond, Texas, presents a unique investment opportunity. Located at 20930 W Bellfort St, 77406, in Fort Bend County, this property benefits from a prime location with no zoning restrictions, simplifying the development process. Pre-approved plans and permits for a shopping center are included, significantly reducing time and costs associated with project approvals. The site boasts excellent visibility and accessibility, situated near high-traffic areas with 16,622 vehicles per day (VPD) on Grand Parkway and 7,960 VPD on West Bellfort Street. Off-site detention is already in place, eliminating a significant hurdle in the development process. The surrounding area demonstrates strong demographics, with a population of 68,869 within a 3-mile radius and an average household income of $136,969, indicating substantial consumer spending power. This combination of strategic location, pre-approved plans, and favorable demographics makes this property an ideal choice for developers seeking a high-return investment. The property's latitude and longitude coordinates are 29.663987, -95.746916 respectively.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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