21711 Farm To Market 1093 Richmond, TX 77407
District West presents a unique investment opportunity in a thriving West Houston location. This 100-acre mixed-use development boasts exceptional visibility and accessibility, featuring four pad sites ideal for retail establishments. The property benefits from its strategic location near major thoroughfares, including Westpark Tollway, Peek Road, Park Westheimer Boulevard, and Kelsey Seybold Lane, providing seven convenient access points. The surrounding area demonstrates strong demographics, with 2,300 new multifamily units and an average household income exceeding $120,000 within a three-mile radius. This ensures a robust and affluent customer base for potential tenants. Further enhancing the development's appeal is the presence of a 51,000 square foot Kelsey Seybold Clinic, a significant anchor tenant attracting substantial foot traffic. The development also includes a state-of-the-art 12-screen Star Cinema Grill, featuring the Western Hemisphere's first Samsung Onyx P3.3 Cinema LED screen, adding to the area's entertainment and draw. This Class A property offers multiple tenancy options within a dynamic and rapidly growing community, making it an attractive proposition for discerning investors seeking high-return retail space in a prime West Houston location. The property's mixed-use nature and strategic placement within a high-income area promise strong potential for long-term growth and profitability.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.