21051 Farm To Market 1093 Richmond, TX 77407
This exceptional 4.27-acre commercial land parcel presents a remarkable investment opportunity in Richmond, Texas. Situated at the highly visible southwest corner of Westpark Tollway and Grand Mission Boulevard, this hard corner lot boasts 236 feet of frontage and a lighted intersection, ensuring maximum exposure. The property benefits from its strategic location at the entrance to the thriving Grand Mission master-planned community, a 1,270-acre development encompassing approximately 3,016 residential lots. This prime location captures both morning and evening commuter traffic, offering unparalleled accessibility. Multiple curb cuts and direct frontage on Westpark Tollway further enhance its appeal. The site includes offsite detention, simplifying development. Strong demographics support this investment, with a 3-mile radius population exceeding 88,000 and projected growth to over 100,000 by 2025. The average household income within this radius is a substantial $118,902. This property's combination of size, location, and accessibility makes it ideal for a variety of commercial developments. The address is 21051 Farm to Market 1093, Richmond, TX 77407.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.