Creative Space with Working
For Sale
Contact for pricing
1905 Dowling Drive, Richmond, TX 77469
Renovated commercial space with adaptable rooms, outdoor setup area, client parking, and ADA-compliant access.
Property Size3,995 SF
Price / SF$275.34
Days on Market72
Property Features for 1905 Dowling Drive
General Information
Standard status
Active
Size
3,995 SF
Class
C
Total Parking Spaces
10
Property subtype
Office
Zoning
Commercial
Amenities
full working kitchen
outdoor area
Building Details
Year Built
2009
Stories
2
Units
1
Listing Agency:
Keller Williams Memorial
Listed By:
John "Wayne" Nguyen · License #641383
(713) 461-9393
Source:
Crexi
Added: Aug 7
Changed: Oct 12
Last Checked: Oct 16 at 6:22AM
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 Keller Williams Memorial
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Investment Insights
Based on property information with market context.
This 3,995-square-foot creative space was built in 2009 and recently renovated for flexible commercial use. Multiple interior rooms support photography studio configurations and themed staging, while the outdoor area accommodates seasonal setups and event-related activities. A full working kitchen adds utility for food preparation, catering, or hosted functions.
The property is zoned Commercial and includes ample parking for clients and guests. ADA-compliant features and the completed renovation support immediate occupancy for a photography operation, creative business, or other concept aligned with the existing layout.
The property is zoned Commercial and includes ample parking for clients and guests. ADA-compliant features and the completed renovation support immediate occupancy for a photography operation, creative business, or other concept aligned with the existing layout.
Key Highlights
- 3,995‑square‑foot creative space built in 2009
- Multiple interior rooms for photography and themed staging
- Outdoor area for seasonal setups and events
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,600
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,000
$1.1M
Cap Rate 7%
$794,286
$794.3K
Cap Rate 9%
$617,778
$617.8K
Market Conditions
NOI Build-Up for 3,995 SF
Gross rent
$102.1K $25.56/SF
− Vacancy
−$28.0K −$7.00/SF
EGI
$74.1K $18.56/SF
− OpEx
−$18.5K −$4.64/SF
NOI
$55.6K $13.92/SF
Area
Fort Bend County, TX
Vacancy
27.40%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,000
Cap Rate 7%
$794,286
Cap Rate 9%
$617,778
Alternative Uses
Best Use
Office B
$794.3K
$695.0K – $926.7K
NOI $55,600 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$49.77M
$43.55M – $58.06M
NOI $3,483,756 @ 7.0% cap · market cap 316.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 77469, TX
57,925
Population
22,854
Households
2.5
Avg Household Size
36
Median Age
40%
College-Educated
91%
High-School Grad
106.8 sq mi
ZIP Area
542
Density / Sq Mi
$101,546
Median Household Income
$49,299
Median Earnings
$1,675
Median Rent
$315,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Creative space - Renovated commercial space with adaptable rooms, outdoor setup area, client parking, and ADA-compliant access.
Where is this creative space located?
The property is located at 1905 Dowling Drive Richmond, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,995‑square‑foot creative space built in 2009; Multiple interior rooms for photography and themed staging; Outdoor area for seasonal setups and events
