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Property profile & analytics
OFF-MARKET
Land

0 Grand Mission Blvd Richmond, TX 77407

21.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 21.6-acre commercial/industrial land parcel presents a remarkable development opportunity in Richmond, Texas. Located on Grand Mission Blvd and Beechnut Road in Fort Bend County, this fee-simple property boasts 973 feet of frontage on Grand Mission Blvd and 817 feet on Beechnut Road, ensuring high visibility and accessibility. The site, zoned for commercial use, is situated in a rapidly growing area between FM 1093 and Aliana, near Highway 99, experiencing a daily traffic count exceeding 31,000 vehicles. All utilities are readily available, and the land is largely cleared and rough-graded, ready for immediate development. This property offers unparalleled potential for a variety of commercial uses, including a power center retail development. The asking price is $21,900,000, translating to $23.57 per square foot. While the 1.4-acre hard corner is excluded, and multifamily development is restricted per the seller, this remains a highly desirable location with convenient access to the West Houston Business District, Gallery, Meyerland via the Westpark Tollway, and Katy, Sugar Land, and Richmond/Rosenberg via the Grand Parkway/Highway 99. The property is part of FBC MUD 30 and is directly across from a new sports facility and retail development. This is a rare opportunity to capitalize on the area's burgeoning growth and establish a significant commercial presence in Fort Bend County. The APN is 0108000000200907.

Property profile
Verified
Property type Land
Lot 21.6 ac (940,896 SF)
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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