31 Parkway Lake CtRichmond, TX 77407

  • Other commercial real estate
  • 14,250 SF
For Sale
$3,995,000 View listing

Property Details for 31 Parkway Lake Ct

Year built
2010
Lot size
1.84 AC
Property size (Sq ft)
14,250 SF
Property type
Other commercial real estate
APN
0403-00-000-0072-901
APU
403000000072901

Description

Exceptional opportunity to acquire a 16,250-square-foot vacant school building situated on a 1.837-acre lot in Richmond, Texas. This property, formerly a Kids R Kids Pre-School, underwent a complete renovation in 2021. Its prime location at the signalized intersection of the Grand Parkway and Bellaire Boulevard offers unparalleled visibility and accessibility, with exposure to over 58,500 vehicles daily. The strategic location within a thriving retail corridor and surrounded by established residential communities like Lakes of Bella Terra, Parkway Lakes, and Grand Mission ensures high traffic and strong potential for various uses. Nearby major retailers include Sam's Club, Walmart, Kohl's, Ross, and many more, creating a robust commercial environment. The property's size and recent renovation make it ideal for a variety of special purpose uses, offering significant upside potential for the discerning investor. The asking price is $3,995,000. This is a rare opportunity to own a well-located, renovated property in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,016,580
    Hospitality
    $3,679,166
    Educational
    $3,061,023
    Medical
    $3,166,296
    Retail
    $4,761,591
31 Parkway Lake Ct, Richmond, Texas

Location Insight

City
Richmond
County
Fort Bend
State
Texas
Latitude
29.6902
Longitude
-95.7672
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,928
$878,617
$2,065,385
$2,944,002
-
$878,617
$2,065,385
$2,944,002

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