$3,200,000
●
Land -
For Sale
0 Fm 2977
Richmond, TX 77469
Studio
0 Bath
$15,720
Est. Monthly
About This Property
39+/-acres strategically positioned at FM 2977 & Pleak Rd in one of
Fort Bend County's emerging growth corridors. Offering substantial
frontage & visibility along FM 2977 (2,559+/-ft), additional access
from Pleak Road (644+/-ft) & a versatile configuration, this
property presents opportunities for commercial, mixed-use and/or
investment development. TxDOT has proposed widening FM 2977 from 2
to 4 lanes to improve mobility & accommodate continued residential
& commercial growth. CenterPoint Energy has also recently upgraded
the power poles along the property, adding to the infrastructure
improvements occurring in the area. Big Creek traverses the
northern portion of the tract, creating the potential for a natural
drainage outfall. With continued development expanding throughout
the Richmond, Rosenberg, Pleak, & Needville areas, this property
offers an excellent opportunity to secure a significant parcel of
land in Fort Bend County. **Currently has an Agricultural
Exemption**
Unit Size
-
Days on Market
-
Land Size
39.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
$7
HOA Dues
-
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 23 days ago (HAR #66921468)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 14, 2026 | Listed by RE/MAX Opportunities | $3,200,000 | |
| Listed by RE/MAX Opportunities | |||
| Feb 4, 2022 | Sold | ||
| Sold | |||
| Oct 27, 2021 | Listed by REALM Real Estate Professional | $440,785 | |
| Listed by REALM Real Estate Professional | |||
| | |||
|
Great piece of land. Perfect for commercial with plenty of frontage road or even residential country home site. Build your dream home for your family with plenty of room for animals. This tract of land is currently being farmed and subject to the farmer retaining the current crop until harvested. Land is under ag exemption and subject to roll back taxes. Property has easy access to Hwy. 36 and Hwy. 59.
| |||
| May 5, 2021 | Sold | ||
| Sold | |||
| Jul 15, 2020 | Listed by Coldwell Banker The Ron Brown | $2,400,000 | |
| Listed by Coldwell Banker The Ron Brown | |||
| | |||
|
This +/- 79 ac tract of land is located on the SW corner of Pleak Road and FM 2977 in Richmond, TX which is one of the fastest growing areas of Fort Bend County. Hard top road frontage on 2 sides makes this one a plus over some of the others available for sale in the area. Lots or residential development close by. Presently the land is being farmed but awaiting a developer to develop it. No flood plain on this tract. Call for additional information.
| |||
Property Highlights
Exterior Details
Lot Features: Corner Lot, Other, 20 Up to 50 Acres
Lot Size Area: 39.8984
Lot Size Units: Acres
Lot Size Acres: 39.8984
Lot Size Square Feet: 1737974.304
Financial Details
Tax Annual Amount: $80
Comparables
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HOA + Taxes
About Rosenberg
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Listed by: Vicki Miller, RE/MAX Opportunities
Last Updated: 23 days ago
Data Source: HAR , MLS# 66921468
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Last Updated: 23 days ago
Data Source: HAR , MLS# 66921468
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