5111 Power Line Rd, Richmond, TX, 77469
About This Home
Rare opportunity to own a versatile property in an unbeatable location with endless potential! Situated on 1.77 acres, this unique property offers flexibility for both commercial or residential use, making it an exceptional investment opportunity. Formerly operated as a daycare, the property is well-suited for a variety of uses including office space, medical, retail, educational, event venue, multifamily conversion, or private residential estate. Featuring two buildings with a combined approximate total of 7,394 sq ft, the layout provides ample space for expansion, redevelopment, or immediate occupancy. The generous acreage allows room for parking, outdoor amenities, or future additions. Located in a rapidly growing area with multiple new neighborhood developments underway, this property is positioned for strong future appreciation and increased demand. Ideal for investors, developers, or owner-occupants, this is a rare opportunity to own prime real estate in a high-growth area.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1983
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Cement Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- 1/2 bathrooms: 3
Heating & Cooling
- Heating features: Window Unit
- Cooling features: Ceiling Fan(s),Window Unit(s)
Interior Area
- Total structure area: 7,394
- Total interior livable area: 7,394 sqft
Property
Details
- Parcel number: 5535000000130901
Features
- Stories: 1
Lot
- Lot size: 1.78 Acres
- Features: Other,1 Up to 2 Acres
Parking
- Parking features: No Garage,Circular Driveway
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tornado
- Cold Wave
- Hurricane
- Heat Wave
- Inland Flooding
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,570 | $102,840 |
| Home Insurance * | $1,351 | $16,212 |
| Property Taxes | $2,500 | $30,000 |
| Electricity | $811 | $9,742 |
| Total | $13,232 | $158,784 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Price change | $1,695,000 |
| 2025-08-17 | Listed for sale | $1,495,000 |
| 2025-06-29 | Pending sale | $1,495,000 |
| 2025-06-14 | Price change | $1,495,000 |
| 2025-04-10 | Price change | $1,700,000 |
| 2024-05-13 | Listed for sale | $1,600,000 |
| 2022-12-31 | Listing removed | -- |
| 2022-03-14 | Listed for sale | $1,199,900 |
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