0 Peek Rd & Leirop Dr Richmond, TX 77407
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.