Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23655 Fm 1093 Rd Richmond, TX 77406

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail space in a rapidly growing Fort Bend corridor.

    Property Features for 23655 Fm 1093 Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Farid Chatur
    Farid Chatur
    Source: Crexi

    Listing Agency: Apex Realtors Listing Agent: Farid Chatur

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    High-Visibility Retail Space in Richmond

    This 1,100 square foot retail space is located in one of Fort Bend County’s fastest-growing retail corridors. Built in 2020, the property offers direct frontage and visibility along the Westpark Tollway, with immediate access to the Westpark Tollway and the Grand Parkway (99). The location captures commuter and local traffic between Katy and Richmond’s communities, including Cinco Ranch and surrounding master-planned neighborhoods. The property benefits from a strong daytime population, dense residential growth, and proximity to major national and regional retailers such as H-E-B, Buffalo Wild Wings, 24 Hour Fitness, IHOP, and Woodforest National Bank. The surrounding area is experiencing rapid commercial expansion as corporations establish headquarters nearby, driving sustained demand and consumer traffic. The suite is partially built out and delivered in white-box condition, making it suitable for quick-service, convenience, or neighborhood retail concepts seeking a high-exposure location.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.783007
    Latitude
    29.699805

    Nearby Similar for Lease

    • $2,500 /Mo
      1,650 SF

      Updated Office Space in Richmond

      Charming, updated office space in the heart of Old Town.
      803 Austin St, Richmond, TX 77469
      View Details
    • Contact for pricing
      2,000 SF

      Richmond Restaurant Space with Drive-Thru

      Restaurant space available for rent with drive-thru and end-cap.
      2310 Harlem Rd, Richmond, TX 77406
      View Details
    • Contact for pricing
      1,575 SF

      Richmond Retail Center For Lease

      9,460 SF multi-tenant retail center in Richmond, Texas.
      17627 Beechnut St, Richmond, TX 77407
      View Details
    • Contact for pricing

      Medical Plaza in Growing Community

      Medical office space in a rapidly growing Fort Bend County.
      18901 W Airport Blvd, Richmond, TX 77406
      View Details
    • Contact for pricing

      Retail Property with National Tenants

      Retail property with national tenants in high-traffic area.
      1125 Crabb River Rd, Richmond, TX 77469
      View Details
    • Contact for pricing
      3,357 SF

      Retail End Cap Space

      Modern retail space in thriving corridor with high visibility.
      5434 Grand Pkwy, Richmond, TX 77406
      View Details
    • Contact for pricing
      8,250 SF

      Richmond Retail Space Available

      Retail space and pad sites available near Grand Parkway.
      W Grand Pkwy S, Richmond, TX 77406
      View Details
    • Contact for pricing

      Restaurant and Retail Space Available

      Restaurant, retail, and light-office spaces in a mixed-use destination.
      22011 Fm 1093 Rd, Richmond, TX 77407
      View Details
    • Contact for pricing

      Oaks Pavilion Restaurant Space

      Restaurant and entertainment centerpiece in Fort Bend County.
      21711 Fm 1093 Rd, Richmond, TX 77407
      View Details
    • Contact for pricing
      3,038 SF

      Retail Space Near Brazos Center

      Retail space with high visibility near Brazos Town Center.
      3415 Fm 762 Rd, Richmond, TX 77469
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office space available, 1,200 SqFt, Richmond, TX.
      5151 Meadow Ranch Pkwy, Richmond, TX 77407
      View Details
    • Contact for pricing
      9,190 SF

      Retail Space in Richmond, Texas

      Located in a high-growth area near Grand Parkway and West Airport.
      Harlem Rd, Richmond, TX 77406
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail space in a rapidly growing Fort Bend corridor.
    Where is this retail space located?
    The property is located at 23655 Fm 1093 Rd Richmond, TX.
    What are key features of this property?
    This property features: - Direct frontage and visibility on Westpark Tollway.; - Immediate access to Westpark Tollway and Grand Parkway (99).; - Located in a newly built (2020) retail center.
    (832) 685-2739
    Request Owner's contact information
    23655 Fm 1093 Rd Richmond, TX 77406
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23655 Fm 1093 Rd
    Richmond, TX 77406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23655 Fm 1093 Rd Richmond, TX 77406
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Farid Chatur
    Farid Chatur
    Real Estate License ID: 0599697
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!