Building Details

Year Built 2002

Tenancy Single

Listing Agency: SRS Real Estate Partners - Global Company

Listed By: Chad Lieber · License #CA License No. 02185827 Show Phone

Source: Crexi

Added: Mar 12, 2025 Changed: Oct 13 Last Checked: Oct 16 at 6:13AM

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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 SRS Real Estate Partners - Global Company

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Investment Insights

Based on property information with market context.

This offering presents a two-property retail portfolio located in Texas. The combined property size totals 14,605 square feet.

Key Highlights

• Two property portfolio in Texas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$197,828

Cap Rate

4.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,956,560 $4.0M

Cap Rate 7%

$2,826,114 $2.8M

Cap Rate 9%

$2,198,089 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,605 SF

Gross rent

$299.7K $20.52/SF

− Vacancy

−$17.1K −$1.17/SF

EGI

$282.6K $19.35/SF

− OpEx

−$84.8K −$5.81/SF

NOI

$197.8K $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%

$3,956,560

Cap Rate 7%

$2,826,114

Cap Rate 9%

$2,198,089

Alternative Uses

Best Use

Retail

$2.83M

$2.47M – $3.30M (±1% cap)

NOI $197,828 @ 7.0% cap · market cap 4.69%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$181.94M

$159.20M – $212.27M (±1% cap)

NOI $12,735,982 @ 7.0% cap · market cap 301.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail properties & Spaces

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

225

Businesses Nearby

21k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 45%

Exxon Shops & Services

11,718 visits/mo 0.4 miles

Jack in the Box Dining

9,586 visits/mo 0.4 miles

Demographics for 77545, TX

26,563

Population

9,018

Households

2.9

Avg Household Size

32

Median Age

26%

College-Educated

85%

High-School Grad

14.7 sq mi

ZIP Area

1,807

Density / Sq Mi

$91,101

Median Household Income

$43,405

Median Earnings

$2,102

Median Rent

$240,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Retail property - Two-property retail portfolio in Texas with 14,605 SF total.

Where is this retail property located?

The property is located at 12402 Hwy 6 Fresno, TX.

What is the asking price?

The asking price for this property is $4,221,000.

What are key features of this property?

This property features: Two property portfolio in Texas