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Property profile & analytics
OFF-MARKET
Land

0 Peek Rd & Leirop Dr Richmond, TX 77407

Property ID
Property summary
AI-generated overview

Exceptional opportunity to acquire ±3.955 acres of commercial land situated at the entrance of the Grand Trail neighborhood in Richmond, Texas. This property comprises two pad sites, approximately 2.485 acres and 1.47 acres, available for sale or ground lease. The location offers unparalleled visibility and accessibility, benefiting from its proximity to the rapidly developing District West, a 100-acre mixed-use project. The site enjoys high traffic counts due to its strategic placement near the intersection of S Peek Rd and Leirop Drive, with the extension of Beechnut Rd to the Grand Parkway underway. Furthermore, this location boasts significant foot traffic, positioned directly south of District West and near popular establishments such as Star Cinema Grill (over 280,000 annual visits) and Whiskey River West (over 220,000 annual visits), the latter being the top alcohol seller in Fort Bend County according to the Houston Chronicle. The property is embedded within a thriving residential area, boasting a population exceeding 254,000 within a 5-mile radius, as per Placer.ai visitor data. This presents a unique investment opportunity with high potential for return, given the strong demographics and commercial activity in the immediate vicinity. The property is located in Fort Bend County, Texas, with a zip code of 77407.

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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