Adaptable Building in Historic
For Sale
Contact for pricing
105 S 2nd St, Richmond, TX
Versatile commercial property in Richmond's vibrant Downtown Historic District.
Property Size2,940 SF
Lot Size0.18 Acres
Price / SF$202.38
Days on Market596
Property Features for 105 S 2nd St
General Information
Standard status
Active
Size
2,940 SF
Lot size
0.18 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Coldwell Banker Commercial Realty
(281) 304-5900
Listed By:
Quenton Rockwell · License #0641265
(832) 877-2703
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Oct 25
Last Checked: Nov 3 at 8:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Realty
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Investment Insights
Based on property information with market context.
Located in the Downtown Richmond Historic District, the Foxfire Studios Building offers a commercial property with character, functionality, and a prime location. The mixed-use building spans 2,940 square feet on a 7,729 square foot lot, presenting opportunities for businesses seeking to establish themselves in a dynamic community. The building's layout is suitable for various business types, including industrial operations, call centers, educational institutions, churches, or retail establishments. The property includes 20 designated parking spaces, with fourteen spaces securely gated and six street-side spaces. The building features a fully built-out garage/warehouse area designed for practical use, suitable for inventory management, storage, or operational workshops. A comprehensive camera security system is installed. The location in the Downtown Richmond Historic District offers exposure and accessibility, with cultural heritage, shopping destinations, and dining experiences attracting foot traffic and visitors. The property is suitable for expanding a business, establishing a new venture, or investing in a property.
Key Highlights
- Prime location in the vibrant Downtown Richmond Historic District, offering high visibility and foot traffic.
- Versatile 2,940 sq ft mixed‑use building suitable for various business types.
- Ample parking with 20 designated spaces, including 14 gated for enhanced security, plus 6 street‑side spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,823
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,460
$796.5K
Cap Rate 7%
$568,900
$568.9K
Cap Rate 9%
$442,478
$442.5K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$60.3K $20.52/SF
− Vacancy
−$3.4K −$1.17/SF
EGI
$56.9K $19.35/SF
− OpEx
−$17.1K −$5.81/SF
NOI
$39.8K $13.55/SF
Area
Fort Bend County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,460
Cap Rate 7%
$568,900
Cap Rate 9%
$442,478
Alternative Uses
Best Use
Retail
$568.9K
$497.8K – $663.7K
NOI $39,823 @ 7.0% cap · market cap 6.69%
Second Best
Industrial
$213.8K
$187.1K – $249.4K
NOI $14,964 @ 7.0% cap · market cap 2.51%
Theoretical Best
Multifamily LT 5
$36.63M
$32.05M – $42.73M
NOI $2,563,765 @ 7.0% cap · market cap 430.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Versatile commercial property in Richmond's vibrant Downtown Historic District.
Where is this industrial property located?
The property is located at 105 S 2nd St Richmond, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime location in the vibrant Downtown Richmond Historic District, offering high visibility and foot traffic.; Versatile 2,940 sq ft mixed‑use building suitable for various business types.; Ample parking with **20 designated spaces**, including 14 gated for enhanced security, plus 6 street‑side spaces.
