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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$278,089
6.5%
$256,697
7%
$238,362
Comparable approach
Method
Valuation
Relative Method
$149,771
Geo Method
$285,834
Alternative Use
Use
Valuation
Industrial / Distribution
$409,904
Retail / Commercial
$210,973
Mixed-Use / Specialty
$210,832
Hospitality / Lodging
$155,477
Office
$210,217
Institutional / Educational
$219,399
Multifamily
$304,478
Automotive / Energy
$188,057
Parking / Income-Based Land
$64,291.80
Restaurant / Food Service
$110,961
Healthcare / Senior Housing
$215,577
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
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Boothline Rd Richmond, TX 77469
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Boothline Rd Richmond, TX 77469
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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