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Days140Days on Market
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$5,478,000

702 & 612 Fm 359 Road, Richmond, TX, 77406

On MarketInfo
Baths0 Bath

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size9.01 acres

Land Information

APN0062-00-000-0472-901
SubdivisionWm Morton
Land UseAgriculture / Farming
Legal Description0062 WM MORTON, TRACT 16, ACRES 9.01
Census Tract673600
Assessment Year2025

About this property

This expansive 25.15-acre property offers exceptional potential in the rapidly expanding Richmond area, with convenient street access to both Melody Ln & Pitts Rd. Boasting over 771 feet of FM 359 road frontage, this land presents a versatile opportunity for commercial development, residential expansion, or a private homestead tucked among the trees. The property can be divided to suit your needs, making it an adaptable investment for various uses. Property is two parcels with two tax numbers. Located in growing & desirable Fort Bend County, this prime location is near the booming communities of Harvest Green & Indigo as well as the commercial growth along Grand Parkway (99). The rapid residential & commercial expansion along FM 359, stretching all the way to Fulshear, further enhances the property’s value, ensuring high visibility & accessibility in a thriving market. Whether for investment, business, or personal retreat, the possibilities here are endless. Grow in Richmond, Texas!

Investor Tools

Property Icon
$20,191
Estimated Property Value
$0Estimated Mortgage Balance
$20,191Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$32,868 /month
Positive
Cash Flow Estimate:
$10,956 /month

Interested in this property?

Kimberly Hollas

RE/MAX Fine Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$35/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$317
$20,191
2025
N/A
N/A
$683,043
No

Tax History

Year
Tax Paid
Assessed Value
2025
$317
$20,191

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$20,191
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Richmond

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702 & 612 Fm 359 Road | Property Details | No Agent List