5619 Boothline RdRichmond, TX 77469

Property Details for 5619 Boothline Rd

Year built

1932

Lot size

3.00 AC

Property size (Sq ft)

816 SF

Zone code

SOT

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

0005-00-000-0032-901

APU

5000000032901

Description

This exceptional 3-acre commercial and residential land parcel presents a compelling investment opportunity in the rapidly growing Richmond, Texas area. Located at 5619 Boothline Road in Fort Bend County, zip code 77469, this property boasts approximately 160 feet of frontage on Boothline Road, slated for expansion. Its strategic location offers significant advantages, situated contiguously with the northeastern boundary of the master-planned community Austin Point, where home sales are projected to commence in Spring 2025. The property's proximity to the future expansion of the Grand Parkway and other substantial residential developments, including the recent 1,500-acre acquisition by Johnson Development at FM 2977 and Koeblen Road, further enhances its development potential. The expansive lot size allows for a wide range of commercial projects. An adjacent 8.469-acre parcel is also available for purchase, providing an opportunity for even larger-scale development. Given the significant land ownership in the area by George Ranch and Austin Point, this property represents a rare chance to establish a presence in a high-growth area with considerable future upside. The asking price for this exceptional property is $825,000.

• CAP approach

  CAP return

  Valuation

  6%

  $249,169

  6.5%

  $230,002

  7%

  $213,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $198,415

  Geo Method

  $378,668

• Alternative Use

  Use

  Valuation

  Residential

  $230,002

  Hospitality

  $210,681

  Educational

  $175,284

  Medical

  $181,312

  Retail

  $272,664

Location Insight

City

Richmond

County

Fort Bend

State

Texas

Latitude

29.4539

Longitude

-95.7246

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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